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n continuation to our previous Tax Alert released in September 2024 on UAE Tax Residency Rules for Individuals, we would like to bring to your notice that the UAE Federal Tax Authority (FTA) released a new Guide (TPGTR1) on “Tax Residency and Tax Residency Certificate” on October 18, 2024. To learn more please read our article, kindly reach out to the team if you have any questions.

In a move that's set to reshape the business landscape in the UAE, a significant update to the Economic Substance Regulations (ESR) has been announced. Let's dive into what this means for businesses operating in the region.

In our September 2024 edition of GT’s regional monthly Tax Newsletter, we provide the latest Tax news updates affecting International Tax, Corporate Tax, Transfer Pricing, and Indirect Taxes in the UAE and across the Middle East region.

Tax Alert - UAE Tax Residency Rules

In our August 2024 edition of GT’s regional monthly Tax Newsletter, we provide the latest Tax news updates affecting International Tax, Corporate Tax, Transfer Pricing, and Indirect Taxes in the UAE and across the Middle East region.

Is your business aligned with the latest FTA Clarification on Corporate Tax and the First Tax Period? The UAE Federal Tax Authority’s recently issued clarification provides details on the First Tax Period applicable to UAE Juridical Persons, Resident Persons with Place of Effective Management (PoEM) and Resident Persons with a Permanent Establishment (PE) in the UAE. This clarification also outlines the timelines for deregistration in cases of liquidation or cessation of business. You can find the full article in the link below.

What does the latest FTA Clarification on Related Parties under Article 35 of the UAE Corporate Tax Law mean for your business? On 22 July, the Federal Tax Authority issued a clarification stating that government-owned or controlled entities with common ownership or control by a Federal or Local Government will not be considered 'Related Parties' under Article 35. This means that it’s important to review and reassess any group structures ultimately owned or controlled by Federal or Local Governments. Read more here:

In our July 2024 edition of GT’s regional monthly Tax Newsletter, we provide the latest Tax news updates affecting International Tax, Corporate Tax, Transfer Pricing, and Indirect Taxes in the UAE and across the Middle East region.

In our June 2024 edition of GT’s regional monthly Tax Newsletter, we provide the latest Tax news updates affecting International Tax, Corporate Tax, Transfer Pricing, and Indirect Taxes in the UAE and across the Middle East region.

In our May 2024 edition of GT’s regional monthly Tax Newsletter, we provide the latest Tax news updates affecting International Tax, Corporate Tax, Transfer Pricing, and Indirect Taxes in the UAE and across the Middle East region.

In our April 2024 edition of GT’s regional monthly Tax Newsletter, we provide the latest news updates affecting International Tax, Corporate Tax, Transfer Pricing, and Indirect Taxes in the UAE and across the Middle East region.

In our March 2024 edition of GT’s regional monthly Tax Newsletter, we provide the latest news updates affecting International Tax, Corporate Tax, Transfer Pricing, and Indirect Taxes in UAE and across the Middle East region.

The Federal Tax Authority (FTA) has issued Federal Tax Authority Decision No. 3 of 2024 which shall be effective from 1 March 2024 and specifies timelines for registration of taxable persons for UAE Corporate Tax (UAE CT) purposes on the Emara Tax Portal. This Decision abrogates all provisions that are contrary or inconsistent with the new Decision.

In our February 2024 edition of GT’s regional monthly Tax Newsletter, we provide the latest news updates affecting International Tax, Corporate Tax, Transfer Pricing, and Indirect Taxes in the UAE and across the Middle East region.

In our January 2024 edition of GT’s regional monthly Tax Newsletter, we provide the latest news updates affecting International Tax, Corporate Tax, Transfer Pricing, and Indirect Taxes in the UAE and across the Middle East region.

While the UAE Corporate Tax (CT) law is effective from 1 June 2023, for numerous businesses that follow a December financial year end, the application of the UAE CT commenced on 1 January 2024.