Corporate tax for Tax Groups
Federal Decree-Law No. 47/2022, governing UAE Corporate Tax Law, defines “resident persons” as individuals and entities that have a significant economic and/or physical connection to the UAE. The determination of …
Pre-grouping tax losses refer to the tax losses incurred by a subsidiary before becoming part of a tax group. In other words, they arise when a subsidiary’s deductible expenses exceed …
A tax group is a formal arrangement enabling two or more local companies to work as one for tax filing and compliance as defined under Article 40 of Corporate Tax, …
As per the UAE corporate tax statute, Two or more Taxable Persons who meet certain conditions can apply to form a “Tax Group” and be treated as a single Taxable …
In a broader context, Related Parties encompass individuals or legal entities that maintain pre-existing relationships with other individuals or entities. Such relationships can be established through ownership, control, or kinship …
Understand the implications of tax grouping on the taxation of companies, including the allocation of profits and losses within the group. Stay informed about the latest developments in UAE corporate …
© 2024 Corporate Tax UAE, All Rights Reserved.