Global PEO services are those services that allow a business or entity to hire employees from anywhere on the globe and manage the hiring and other employment requirements for that business. The purpose of hiring these services is most commonly the need to expand a business on a global level. It is the best way … Read more
Tax agency refers to the legal entities approved by the Federal Tax Authority (FTA) to represent business entities and other entities in tax related issues. Tax agencies are the key responsibility holders in UAE for the proper implementation of tax laws such as corporate tax, Value Added Tax (VAT) and Excise Tax. They are allowed … Read more
The UAE corporate tax was introduced in June 2023 in line with international tax policies. Whereas, certain entities qualify for corporate tax exemption if they meet the exemption criterion, as provided by the Federal Tax Authority. This article details the entities that qualify for corporate tax exemption in UAE. Who can apply for corporate tax … Read more
In the United Arab Emirates, corporate tax audit is a legal procedure that confirms an organization’s adherence to tax regulations. To ensure that taxable income is reported, tax forms are filed, corporate income taxes are paid on schedule and audits are carried out. Under UAE Corporate Tax Law, Federal Decree-Law No. 47 of 2022, the … Read more
Article 40 of the UAE Corporate Tax Law states the procedure and requirements for forming a Tax Group. A Parent Company by a Tax Group under the UAE Corporate Tax law is entitled to aggregate one or more Subsidiaries. The key ownership requirements include juridical status, 95% ownership threshold, control over voting rights and profits, … Read more
According to the OECD guideline, a resident person shall have to pay taxes in his resident country based on the world income, while a non-resident person only needs to pay taxes in a contracting state based on the income derived from that state. According to this principle a resident person have to pay taxes twice … Read more