The Federal Tax Authority has issued Corporate Tax Public Clarification CTP010, confirming that Connected Person analysis under Article 36 must focus on substance and actual authority, not job titles alone.
Digital assets are at the core of the future of finance. One digital asset class that sets itself apart as an island of stability in a sea of volatility is stablecoin. Stablecoins are now increasingly linked to cross-border remittance traffic, to management of corporate treasury operations, and to payments of all types. This article will attempt to explain a number of these developments and highlight the ways that Grant Thornton can help you plan for the future and implement your design.
Set up and run your UAE business with one end-to-end team, from company formation and visas to accounting, payroll and HR advisory.
In our November edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting International Tax, Transfer Pricing and Indirect Tax in the UAE and across the GCC Region.
In September 2022, the Ministry of Finance (MoF) released Cabinet Decision No. (85) of 2022 (the “Decision”) which details out the requirements and conditions for determining the tax residency of legal and natural persons in the UAE. Branches of foreign entities shall not be considered as tax residents in the UAE. The Decision acknowledges the parallel importance of the international agreements and stipulates that the provisions of the double taxation treaties could apply to determine the tax residency of a person. Further, the FTA may request any information from any government entities in the UAE in order to identify the tax residency of a person.
In our October edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting International Tax, Transfer Pricing and Indirect Tax in the UAE and across the GCC Region.
M&A activity in the regional logistics sector continues to be buoyant, fueled by the proliferation of trade agreements, a growing expat population and the continuing e-commerce boom.
In our September edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting International Tax, Transfer Pricing and Indirect Tax in the UAE and across the GCC Region.
Learn about the latest updates in Tax, Indirect Tax, and International tax in the UAE and GCC Region.
The introduction of VAT into the UAE will soon be completing 5 Years, however, many businesses have been unable to understand and appreciate the VAT zero-rating conditions for exports of goods.
Despite the recent global market downturn and recession fears, economic sentiment remains strong within the GCC region on the back of growth in the tourism and oil.
New research by Grant Thornton has revealed the majority of mid-market businesses have failed to take adequate steps to protect their operations against the threat of inflation.
Learn about the latest updates in Tax, Indirect Tax, and International tax in the UAE and GCC Region.
Spurred on by government initiatives and the emergence from COVID-19, the GCC IPO markets are now seeing unprecedented levels of activity, captivating institutional and retail investors alike.
Governments across the Gulf Corporation Council “GCC” have ambitious visions that seek to develop, transform, and diversify local economies, encouraging growth and promoting prosperous societies.
In our June Part II edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting Indirect Tax, International Tax, and Transfer Pricing in the UAE and across the Middle East Region.
VAT in the UAE approaches its 5th birthday on 1 January 2023 – but what’s next for VAT and the wider tax landscape?
For the financial year ended 31 December 2021 (FY21), relevant businesses and entities are required to submit their FATCA and CRS filings with the Ministry of Finance (MoF) via the MoF FATCA/CRS Portal, unless specified otherwise by the relevant regulator.
In our June 2022 edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting Indirect Tax, International Tax, and Transfer Pricing in the UAE and across the Middle East Region.