Articles

The FTA clarified the meaning of ‘resell’ for VAT. This may affect 0% Distributor’s 0% CT Rate

The UAE MoF in Article 2(1)(k) of the Decision No. 139 qualified for 0% Corporate Tax rate ‘Distribution of goods or materials in or from a Designated Zone to a

Case Study: interest-bearing deposits and a 0% Corporate Tax rate

The facts A holding company is registered in the UAE free zone. It earns dividends and capital gains. Every once in a while, the Company deposits money in interest bearing

The cash method of accounting in UAE corporate taxation

Article (20)(5)(a) of the Corporate Tax Law  authorizes the MoF to ‘prescribe … the circumstances and conditions under which a Person may prepare financial statements using the cash basis of

Adjustments of accounting profit in the UAE

The UAE Corporate Tax Law does not provide for separate tax accounting. The initial basis for calculating the corporate tax base is the financial statements, i.e. accounting data. This data

A new remedy in tax disputes in the UAE: a review of an assessment

Subsidiaries as a Permanent Establish-ment under the UAE Corporate Tax Law

The institutes of subsidiaries and a branch (representative office) often raise taxation issues. The reason for this is that every once in a while subsidiaries are a fiction which permits

The role of economic substance in the UAE’s taxation system

 Economic substance is not a criterion of tax residence. In other words, it is required more to secure substance than tax residence. In most jurisdictions, residents are entities registered in

Holding and Zero Tax Rate: Questions to Be Addressed

Below we lay bare some unclear issues to be addressed by the Minister or FTA to dispel the doubts.

Manufacturing, Processing and Distribution in the Public Consultation Document