Impact of transfer pricing rules on Corporate Tax in UAE
Transfer pricing is a term used to describe how transactions within and between businesses are valued. We will help you gain a basic comprehension of transfer pricing laws. A new Corporate Tax system incorporating a transfer pricing scheme will go into effect in the UAE in June 2023. (TP). Transactions involving connected parties and related parties are […]
Corporate Tax FAQs: 15 Top Answers
Corporate Tax in the UAE is a form of direct tax imposed on net income or business profit. The UAE introduced this tax with the aim of strengthening the country’s position as a leading global center for business and investment, in addition to accelerating the country’s development and transformation to achieve its strategic goals and renewing […]
UAE Introduces Federal Corporate Tax for Business Entities
The UAE’s ministry of finance on 31st January 2022, through a press release, announced that it will start imposing federal Corporate Taxes on profits from business entities within the territories starting June 1st, 2023. As stated by the ministry, this will be a move to help minimize the compliance burden imposed on UAE businesses. This will be […]
