While we delve deeper into the nuances and detailed examples provided by the FTA, we wanted to share a recent alert on the Corporate Tax Guide concerning Investment Funds and Managers. Read more in the article of Andrey Nikonov and Maria...
This study explores VAT challenges in the UAE related to debt transfer operations. EU legislation, relevant case law, and guidance from HMRC and Irish Revenue are used to provide clarity in areas where UAE regulations are not explicit. Read...
One company provides services to another company. Both are the UAE residents and have no foreign establishments. The services are actually performed abroad. Shall they be zero-rated? Read more in the article of Andrey Nikonov and Maria...
The director’s fee is exempt from VAT in the UAE by virtue of special rule. There is no such rule in the Corporate Tax legislation. The Guide from the FTA gives hope but they are accompanied by the reservation and reference to a case by case...
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...
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