Explore the application of the new UAE Corporate Income Tax to complex structures of law and professional services firms. Learn about tax implications for mainland and Free Zone LLCs, transparent entities under UAE CIT, and UAE branches of foreign companies.

The UAE MoF issued two landmark decisions on 1 June 2023: Cabinet Decision No. 55 of 2023 on Determining Qualifying Income and Ministerial Decision No. 139 of 2023 regarding Qualifying Activities and Excluded Activities. These decisions – effective immediately upon publication – provide essential guidance for businesses operating in one of the more than 40 multidisciplinary UAE’s FZ. We discuss those elements in further detail here.

This article deals with the PE concept applied to individuals operating as solo entrepreneurs or freelancers in the UAE territory.

In the article, the authors analyse the UAE’s PE policy and approach with a few practical examples, focusing on applying the PE clause to companies and other legal entities.

Explore the challenges of working remotely tax-free in Dubai. The virtual working program allows overseas employees to benefit from the tax advantages of residing in Dubai while retaining employment in their home countries. However, ensuring tax-free salary may not be as simple as it seems, with each case having unique considerations.

Our new article delves into the UAE Free Zone Regime and its interaction with the recently introduced Corporate Tax (CT) legislation. Here, we highlight key aspects such as conditions for being considered a Qualifying Free Zone Person (QFZP), transfer pricing requirements to be followed, the potential impact of BEPS Pillar Two on multinational companies, and more.We also discuss here practical considerations for businesses operating in UAE Free Zones, emphasizing the importance of understanding the definition of "Qualifying Income" and compliance with various regulatory requirements.

The introduction of the Regional Headquarters Program (“RHQ”) fits in with Vision 2030. This joint initiative between the Ministry of Investment (“MISA”) and the Royal Commission for Riyadh City (“RCRC”), invites global companies with a presence in the MENA region to relocate their regional headquarters to the KSA, promising accessibility to the ever-expanding economy of Saudi Arabia and to be part of the 2030 strategic development goals.

Are you doing business in the UAE? Make sure you understand the UAE corporate tax laws and how to structure your taxes for maximum benefit. Learn more here.

Here are updates on the Corporate Income Tax registration procedures in the United Arab Emirates’ (UAE)!

The Federal Tax Authority (FTA) issued Cabinet Decision No. 85 of 2022 (dated 2 September 2022), setting new criteria for determining tax residency for juridical and natural persons, and this decision will be effective from 1 March 2023.