What the Participation Exemption Is The Participation Exemption is a relief provision under Article 23 of Federal Decree-Law No. 47 of 2022 (the UAE Corporate Tax Law) that exempts income derived from a Qualifying Participating Interest from Corporate Tax. The income that qualifies for exemption includes dividends received from the Participation, capital gains on disposal … Read more
What Is a Dubai Customs Audit? A Dubai Customs audit, also called a customs compliance audit, is a formal review carried out by Dubai Customs to check whether a business is correctly declaring goods, applying the right tariff classifications, and meeting its obligations under UAE customs regulations. Rather than a one-off spot check, it is … Read more
Under UAE Corporate Tax law, the primary objective of transfer pricing regulations is to guarantee that transactions involving Related Parties adhere to the arm’s length principle, mirroring transactions conducted between independent entities. This prevents taxable income manipulation. UAE Corporate Tax law requires taxable entities to determine transactions with Related Parties and Connected Persons at their … Read more
Companies in the Free zone companies such as DMCC must obliged to adhere strictly to reporting and compliance requirements. The best way for most of these companies to stay compliant is by outsourcing accounting and professional accounting services. Good bookkeeping services keeps records tidy for financial reporting, trade license renewal, and for any mandatory annual … Read more
Free zones in the UAE offer a range of incentives, making them a popular choice for businesses looking to establish and grow in the region. This article explains how Corporate Tax actually applies to free zone companies under the current regime, the real conditions for accessing the 0% rate, and the registration process. Taxable Persons … Read more
A Foreign Permanent Establishment refers to a branch, representation, or any business operations carried out by a Resident Person in a foreign jurisdiction, meeting the criteria specified in Article 14 of the UAE Corporate Tax Law. The exemption related to Foreign Permanent Establishments is set out under Article 24 of the Corporate Tax Law, explaining … Read more
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