19.11.2024 Overview of the Public Clarification TAXP008 – Tax Assessment Reviews 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 Overview of the Corporate Tax Returns Guide No. CTGTXR1 We 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 29.10.2024 R&D Principles in Identifying Core Attributes in Innovation We 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 Real Estate Tax Exemption: License vs. Permit in the UAE On 24 October 2024, the Federal Tax Authority (FTA) released essential guidance on Corporate Tax for real estate investments by individuals, addressing a complex area where real estate activities diverge 23.10.2024 Jebel Ali and RAK ICC offshore companies: Corpo-rate Tax status This brief explores the dual status of offshore companies, which have dual status under corporate legislation. On the one hand, they are legal entities acting independently. On the other hand, 15.10.2024 Arm’s length pricing issues for the Emirati Free Zone relief On October 3rd, we partnered with STI Taxand to host a joint webinar on the intricate challenges of transfer pricing within Free Zones under the UAE Corporate Tax framework. We 11.10.2024 Overview of the Cabinet Decision No. 100 of 2024 on the VAT Executive Regulation On 6th September 2024 the FTA issued a Cabinet Decision No. 100 of 2024, which significantly changed the existing VAT Executive Regulation to the UAE VAT Law. The Cabinet Decision 10.10.2024 IP is developed from another IP acquired: Nexus Ratio calculation One more extract from our IP webinar last week. This group of slides addresses cases where one intellectual property item is acquired to generate another one. Acquisition costs decrease the Emirati IP box regime for an embedded income In October 2023, the UAE retrospectively introduced tax benefits for the ownership and exploitation of intellectual property. Income from patents or software and other qualifying IP assets can be in Show more 1 2 … 8
