Analytics and brochures

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 issue means more than just a distribution of tax relevant facts between the returns. For them, it is also about the moment from which their loose tax-free status on their income. Read more in the article of Andrey Nikonov, Senior Partner, and Maria Nikonova, Partner.

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 Partner, and Maria Nikonova, Partner.

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 experience and the interpretation of the general rules has been collected to fill the gap. Read more in the article of Andrey Nikonov, Senior Partner.

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. The zero rate for the investors from UAE free zones and (or) participation exemption for a distribution is addressed. We examine tax ramifications in the UAE with examples of the funds in the UK, US, Ireland and the Cayman Islands. At the end, we address profit-sharing arrangements that are not registered in a state and operate without creating any entity. Read more in the article of Andrey Nikonov, Senior Partner.

Practice shows that the mechanism of imposing liability for a violation of advertising legislation in accordance with article 14.3 of the Russian Code of Administrative Offences can no longer fully perform its preventive function. Against this backdrop, the antitrust agency has revived an obligation to issue a retraction of inaccurate information as a measure to influence offenders. Pepeliaev Group’s partner Elena Sokolovskaya will tell you how this tool is applied.

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, intangibles, leases, etc. One downside: this option is circumscribed by sales to group customers. Read more in the article of Andrey Nikonov, Senior Partner, and Maria Nikonova, Partner.