UAE: FTA issues guidance on business restructuring relief
On 17 April 2024, the UAE Federal Tax Authority (FTA) released the Corporate Tax Guide on Business Restructuring Relief - CTGBRR1. The relief permits certain restructuring transactions to occur in a tax-neutral manner without activating corporate
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UAE announces public consultation on R&D tax incentives
The UAE Ministry of Finance has opened a public consultation on the proposed introduction of tax incentives for research and development. The deadline for submitting comments is 14 May 2024. Objective of the consultation The UAE Government
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UAE: FTA issues guidance on qualifying group relief
On 3 April 2024, the UAE Federal Tax Authority (FTA) issued the Corporate Tax Guide on Qualifying Group Relief - CTGQGR1. This group relief permits the transfer of assets or liabilities between two taxable persons within the same qualifying group
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UAE: FTA introduces EmaraTax application and 15 new corporate tax services
On 1 April 2024, the UAE Federal Tax Authority (FTA) published a release related to the introduction of its EmaraTax application. The EmaraTax application offers 15 smart services to facilitate compliance with corporate tax requirements. The FTA
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UAE: FTA offers corporate tax registration at government service centers
On 20 March 2024, the UAE Federal Tax Authority, in a release, announced it made the service available to submit Corporate Tax registration requests through 23 Government Service Centres located across the UAE. The FTA explained in the press
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UAE launches public consultation on pillar 2 GloBe rules
The UAE Ministry of Finance (MoF) announced that it had launched a public consultation regarding the enforcement of the Pillar 2 Global Minimum Tax (GloBE) Rules. The objective of this consultation is to gather the views of stakeholders with respect
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UAE: Dubai announces 20% corporate tax on foreign banks
On 7 March 2024, Dubai, one of the seven states of the UAE, announced that it approved Law No. (1) of 2024, in which foreign banks will have to pay an annual corporate tax of 20%. The provisions of this new law, issued by the government of Dubai,
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UAE: FTA issues guidance on taxation of partnerships
On 4 March 2024, the UAE Federal Tax Authority (FTA) released the Corporate Tax Guide on Taxation of Partnerships - CTGPTN1. The purpose of the guide and who should read it are summarized as follows: This guide is designed to provide general
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UAE: FTA specifies corporate tax registration deadlines
On 27 February 2024, the UAE Federal Tax Authority (FTA) announced that it issued the FTA Decision No. 3 of 2024, in which it outlined the timeframes for Taxable Persons subject to Corporate Tax to apply to register with the FTA and avoid being in
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UAE to impose AED 10,000 penalty for delaying corporate tax registration
On 27 February 2024, the UAE Ministry of Finance announced the issuance of Cabinet Decision No. 10 of 2024, amending the schedule of violations and administrative penalties of Cabinet Decision No. 75 of 2023 on the administrative penalties for
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UAE: FTA publishes guidance on tax groups
On 8 January 2024, the UAE Federal Tax Authority (FTA) released the Corporate Tax Guide on Tax Groups - CTGTGR1. This guide is designed to provide general guidance to Taxable Persons, helping them to understand the taxation of two or more
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UAE: FDA issues guidance on corporate tax for natural persons
On 24 December 2023, the UAE Federal Tax Authority (FTA) issued a release about publishing a guide outlining criteria for determining natural persons subject to Corporate Tax and their compliance requirements. The law came into effect on 1 June
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UAE: FTA publishes guidance on taxation of extractive business and non-extractive natural resource business
On 12 December 2023, the UAE Federal Tax Authority (FTA) provided the Corporate Tax Guide on Taxation of Extractive Business and Non-Extractive Natural Resource Business - CTGEPX1. This guide is designed to provide general guidance on Extractive
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UAE amends corporate tax law for global minimum tax implementation
On 24 November 2023, the United Arab Emirates released the Federal Decree Law No. 60 of 2023 in the Official Gazette with amendments to selected provisions of Federal Decree-Law No. 47 of 2022 (the Corporate Tax Law). The amendments are made as
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UAE: FTA publishes corporate tax guide on foreign source of income
On 6 November 2023, the Federal Tax Authority (FTA) of the United Arab Emirates (UAE) released the Corporate Tax Guide on Taxation of Foreign Source Income - CTGFSI1. The guide includes: Definition and examples of foreign source income
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UAE: FTA publishes corporate tax guide on accounting standards
On 6 November 2023, the Federal Tax Authority (FTA) of the United Arab Emirates (UAE) released the Corporate Tax Guide on Accounting Standards and Interaction with Corporate Tax - CTGACS1. This guide provides general guidance on the interaction of
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UAE: MoF declares new corporate tax decisions for free zones
On 3 November 2023, The UAE Ministry of Finance (MoF) released Cabinet Decision No. 100 of 2023, in which it outlines guidance for determining qualifying income and Ministerial Decision No. 265 of 2023 on qualifying activities and excluded
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UAE: FTA releases transfer pricing guide
On 23 October 2023, the Federal Tax Authority (FTA) of the United Arab Emirates (UAE) released the Transfer Pricing Guide. This guide is designed to provide general guidance on the Transfer Pricing regime in the UAE with a view to making the
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