The distribution of materials from a Designated Zone to a customer who processes these materials and sells the product of processing qualifies for the 0% Corporate Tax rate in the UAE. Manufacturing is defined as an activity separate from Processing. In this case study, we examined the difference between processing and manufacturing in the scenario where raw materials are sold to a factory to manufacture a ready-to-use product.
Last week, the FTA introduced Public Clarification TAXP008, highlighting a significant update within the Tax Procedures Law. Since March 2023, taxpayers have had access to an alternative mechanism for resolving
Read moreWe are excited to share our long-awaited overview of the recently released Corporate Tax Return Guide. This comprehensive document marks a significant milestone for businesses navigating the UAE’s corporate tax
Read moreWe hosted a webinar focused on the essentials of identifying and substantiating R&D activities eligible for the 0% Corporate Tax rate. I’m sharing an article extract from that session, highlighting
Read moreWhether you have a question, need advice, or are ready to explore tax solutions for your business, don't hesitate to reach out
