COVID19 Aurifer’s quick cash flow tips
Thomas Vanhee
April 2, 2020
Click here for Aurifer’s quick cash flow tips to increase your liquidity during these uncertain times.
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Defense offset programs and taxation in the Gulf
Thomas Vanhee
February 29, 2020
What are offset programs
Offsets are type of arrangements in which the governments procuring from overseas may oblige the suppliers to reinvest some proportion of the contract in their country.
Discovering DEMPE and Tax Trickery in the Gulf
Thomas Vanhee
February 2, 2020
In recent years the Middle East has been investing heavily in Research and Development (R&D). This has resulted in a number of patents being requested and made room for a number of so-called unicorns, like Careem and Jumia.
UAE introduces Country by Country reporting
Thomas Vanhee
December 6, 2019
By way of a Cabinet Resolution, the UAE has introduced Country by Country reporting (“CbC reporting”). Almost simultaneously with the introduction of economic substance regulations, the UAE further implements international tax standards and joins around 80 other countries which have implemented the CbC reporting. The impact of this reporting on international corporations in the UAE cannot be understated.
Blockbuster bankruptcies and tax in the Gulf
Thomas Vanhee
December 2, 2019
The UAE and the wider GCC in recent times have seen a few blockbuster bankruptcies with the downfall of Abraaj and Drake & Scull undergoing substantial restructuring to name just a few.
Does the newly issued UAE economic substance guidance answer all questions?
Thomas Vanhee
September 5, 2019
Earlier this year, the United Arab Emirates (“UAE”) issued Cabinet Decision No. 31 concerning economic substance requirements (“Economic Substance Regulations” or “ESR”).
10 things to know about the UAE’s Country by Country Reporting
Thomas Vanhee
August 31, 2019
The UAE is a popular destination for foreign entities to set up their businesses in the Middle East region, amongst others because there is no corporate income tax on the federal level.
Just how spectacular are the new UAE Economic Substance Regulations for the UAE?
Thomas Vanhee
July 1, 2019
On 30 April 2019, the United Arab Emirates (“UAE”) issued Cabinet Decision No. 31 concerning economic substance requirements (“Economic Substance Regulations”).