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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.

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.

As the Middle East Transfer Pricing Centre of Excellence, we support businesses across the Middle East with their Transfer Pricing requirements.

Amidst global economic uncertainties, the MENA region is on a growth trajectory fuelled by elevated oil prices and accelerating business-friendly reforms. The global logistics market is estimated to be $9.1Tn in 2022 and is expected to reach $12.3Tn by 2027, growing at a CAGR of 6.2%. A combination of initiatives by regional governments and developments in e-commerce are driving the growth in logistics and warehousing activity in the region.