Arm’s Length Principle1. In determining Taxable Income, transactions and arrangements between Related Parties must meet the arm’s length standard as specified in Clauses 2, 3, 4 an... More Details

Deductible Expenditure 1. Expenditure incurred wholly and exclusively for the purposes of the Taxable Person’s Business that is not capital in nature shall be deductible in th... More Details

Transfers Within a Qualifying Group1. No gain or loss needs to be taken into account in determining the Taxable Income in relation to the transfer of one or more assets or liabilit... More Details

The following income and related expenditure shall not be taken into account in determining the Taxable Income:1. Profit distributions received from a juridical person that is a re... More Details

General Rules for Determining Taxable Income1. The Taxable Income of each Taxable Person shall be determined separately, on the basis of adequate, standalone financial statements p... More Details

Qualifying Free Zone Person1. A Qualifying Free Zone Person is a Free Zone Person that meets all of the following conditions:a) Maintains adequate substance in the State.b) Derives... More Details

Taxable Person1. Corporate Tax shall be imposed on a Taxable Person at the rates determined under this Decree-Law.2. For the purposes of this Decree-Law, a Taxable Person shall be ... More Details

On Friday, the United Arab Emirates (UAE) government unveiled its new corporate tax law, which is now accessible on their official website. This marks a significant milestone in th... More Details

The Ministry of Finance in the UAE is responsible for managing and developing the financial resources of the federal government. This mission is achieved through the implementation... More Details

In the realm of e-Invoicing in Saudi Arabia, we encounter two distinct phases: Phase 1, the generation phase, and Phase 2, the integration phase. As mandated by the Authority for t... More Details

Article 60 of the UAE Corporate Tax Law governs the assessment of corporate tax and the associated penalties. Staying informed about updates and amendments is crucial, given the ev... More Details

Under the provisions of the UAE corporate tax law, a taxable individual can qualify for certain deductions on their income during a given tax period, subject to compliance with the... More Details