Corporate Tax

The UAE Tax System Vs Global Tax Systems

The UAE Tax System vs. Global Tax Systems

One of the concerns for any business is taxation and compliance. Firms usually consider two factors in this regard. Firstly, the relevant tax rates in a jurisdiction, and secondly, the overall taxation system or framework. However, many other factors contribute towards a business’s decision to operate in or from a…
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VAT and Transfer Pricing Audits in the UAE

VAT and Transfer Pricing Audits in the UAE

Compliance isn’t just about filing your business taxes on time and keeping accurate records—it’s also about being prepared for tax scrutiny, including VAT and transfer pricing audits. In the UAE, the Federal Tax Authority (FTA) oversees the collection, management, and enforcement of tax laws and regulations. This means your business…
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Corporate Tax & Family Foundations in the UAE

Corporate Tax & Family Foundations in the UAE

The term “family foundation,” within the context of corporate tax law, is not an entity type that is unequivocally recognisable in the UAE’s legal framework. A family foundation is a corporate tax concept, understood as an entity that families may use for the management and preservation of wealth across generations.…
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Penalty Waiver for Late Corporate Tax Registration

Penalty Waiver for Late Corporate Tax Registration

The UAE is always prominent for its business-friendly policies, and this is yet another pro-business decision. The Federal Tax Authority (FTA) has announced a penalty waiver for late Corporate Tax Registration. This, in turn, supports the UAE business sector and enhances mechanisms that enable taxpayers to meet their tax obligations…
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Importance of AML & KYC in the UAE

Importance of AML and KYC in the UAE

Anti-money laundering (AML) refers to laws, regulations, and processes designed to prevent, detect, and report money laundering activities. The primary goal of such laws is to prevent financial crimes such as terrorism financing, corruption, and so on. Therefore, financial institutions and designated businesses are required to monitor transactions and report…
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