Newsroom

Place of Effective Management: vulnerable issues

How to “maintain adequate substance” in a free zone to enjoy a 0% Corporate Tax rate?

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

PGP Tax Consultancy has successfully held its first workshop in Dubai

On 5 October, specialists of PGP Tax Consultancy held a workshop in Dubai titled “Introducing corporate tax in the UAE: Implications for business”.   Andrey Nikonov, Senior Partner at PGP

TRC for Company established less then 1 year ago

The FTA’s Taxation Residency Certificate (TRC) User Guide sets out that ‘in order to be eligible to apply for a TRC, the legal person must have been established for a

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