We are Aurifer. We are a boutique tax advisory services firm established in Abu Dhabi, Doha, Dubai and Riyadh.

Year-end adjustments, specifically “true-up” and “true-down”, are common practices in transfer pricing (TP) and financial reporting. These adjustments are corrections made at year-end to align related-party transactions with arm’s-length standards or budgeted/targeted financial metrics.

Crowdfunding has emerged as a developing alternative financing mechanism worldwide, including in the United Arab Emirates (“UAE”). In line with the UAE’s ambition to strengthen its position as a regional financial hub promoting innovation and investment, legislative initiatives have been introduced to enable crowdfunding activity.

The introduction of the federal Corporate Income Tax (CIT) regime in the United Arab Emirates marks a shift in the country’s business landscape. From financial years beginning on or after 1 June 2023, companies are required to pay 9% on profits above AED 375,000, with income below that threshold not taxable, effectively functioning as a nil bracket. The introduction of the federal Corporate Income Tax (CIT) regime in the United Arab Emirates marks a shift in the country’s business landscape.