For the purpose of calculating their Taxable Income, businesses who prepare their Financial Statements using the Accrual Basis of Accounting may elect...
It is common for assets or liabilities held by a Business to change in value for accounting purposes even where no actual transactions have taken plac...
All tax laws define what is subject to tax, known as the tax base. For Corporate Tax purposes, the tax base is a Taxable Person’s Taxable Income. The...
The UAE is a leading asset and wealth management hub, and offers a range of investment fund regimes and fund vehicles that cater to a wide variety of...
The same Exempt Person status may be available to certain private pension funds or social security funds that meet the relevant conditions following a...
Public pension funds and social security funds are typically initiated, sponsored and governed by a Federal or Local Government Entity. However, as th...
Government Controlled Entities are juridical persons that are directly or indirectly wholly owned and controlled by one or more Government Entities an...
Types of Exempt PersonsExemptions from Corporate Tax are provided for particular Persons where there are strong public interest and policy j...
There are a number of different structures that are used to manage personal wealth and investments for asset protection, succession, philanthropic and...
When a Free Zone Person meets certain conditions, it will be considered as a Qualifying Free Zone Person and is eligible for a 0% Corporate Tax&n...
A juridical person is subject to Corporate Tax if it is not a Resident Person under the conditions above, but either:• has a Permanent Establishment i...
In some cases, due to cross-border activities, a Person may be resident for Corporate Tax purposes in more than one jurisdiction. For exampl...
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