The Saudi Regional Headquarters may enjoy the zero rate Income Tax in the Kingdom. No withholding on dividends, as well. May its parent company in the UAE mainland enjoy the Participation Exemption? The latter is applicable only if the Participation...
To avoid issues with the tax authority, a supplier may charge its customer with VAT for a transaction that is exempt, zero-rated or is not subject to VAT. Can the customer recover such VAT? In the attach we address this issue for the UAE....
This study covers VAT for services in the business sector. Digital (electronic) services are outside the scope of this research and will soon be addressed separately. Read more in the article of Andrey Nikonov, Senior Partner.
The UAE VAT legislation contains multiple provisions reserved to deal with supplies in, to or from the VAT Implementing State. The tax authorities of the KSA, Oman, UAE, Bahrain clarifie that these provisions are dormant yet. Neither Authority...
In this case study we look into first Corporate Tax period issue. This is not that simple because the UAE Regulation doesn't have it, in contrast with other Gulf jurisdiction. For those taxpayers who had been set up before 1 of June 2023, this...
We elaborate on some controversial issues pertinent to the short-term presence of the Recipient of a Service in the UAE. How could presence of 1.5 months not exceed the threshold of 1 month? Read more in the article of Andrey Nikonov, Senior...
A share premium in the UAE mainland and a free zone is researched in this study. There is no special rule to deal with it in the Corporate Tax Law. Neither is there any direct guidance from either the FTA or the Minister of Finance. International...
Investment funds in the UAE may be exempt from the Corporate Income tax. This study focuses on the taxation of UAE investments in foreign investment funds. Funds may be structured as companies or partnerships. This affects their investors. ...
A resale from a free_zone is zero-rated only if this zone is designated. This case study illustrates that alternatives exist where a designated zone is not required. A regular zone works as well. Moreover, this alternative covers services, ...
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