Transfer Pricing, also known as (TP), refers to the prices of transactions of the goods and services charged by the related parties. For example, if X owns two companies, Company A and Company B, the price set by Company A to Company B on the sales of goods and services is known as Transfer Pricing […]

The UAE Ministry of Finance (MoF) has announced the issuance of a cabinet decision on a non-resident person’s Nexus in the UAE for the purposes of corporate tax. Foreign companies and other non-resident juridical persons will be subject to Corporate Tax in UAE on income derived from real estate and other immovable property located in the country […]

The Ministry of Finance (MoF) in UAE has published Cabinet Decision No. (49) of 2023 specifying the Categories of Businesses or Business Activities Conducted by a Resident or Non-Resident Natural Person that are Subject to Corporate Tax. As per the released Decision: 1. Income from business activities conducted by a resident or non-resident natural person in […]

UAE Corporate Tax Update: The Federal Tax Authority (FTA) in UAE as published “Federal Tax Authority Decision No. 6 of 2023 Tax Deregistration Timeline for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses”. This sets the timeline for application for De-registration from UAE Corporate Tax. According to […]

UAE Corporate Tax Update: The Federal Tax Authority (FTA) in UAE as published an important Decision on UAE Corporate Tax: “Federal Tax Authority Decision No. 5 of 2023 Conditions for Change in Tax Period for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses”. This Decision addresses the […]

UAE Corporate Tax Update: Are you required to maintain Audited Financial Statements for your Business? In yet another UAE Corporate Tax Update, the Ministry of Finance (MoF) in UAE has published Ministerial Decision No. 82 of 2023 on the Determination of Categories of Taxable Persons Required to Prepare and Maintain Audited Financial Statements for the […]

Transfer pricing regulations under the UAE Corporate Tax Law intends to ensure that the pricing of a transaction price remains unaffected by the relationships of the parties involved. The Corporate Tax in the UAE aims to apply the arm’s length principle for transactions with connected persons and related parties. To comply with the UAE Corporate tax regime’s […]