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 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.
Grant Thornton UAE, GTUAE, Financial Advisory, M&A, M&A Transactions Advisory, Mergers & Acquisitions, GCC,Sector Focus, Energy, Infrastructure, Real Estate, Renewable Energy
As economic development continues to be a key pillar in the UAE’s journey, regulatory authorities are constantly introducing new robust measures to the market for the purpose of maintaining financial stability and fostering growth.
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 Women in Business project has explored what helps, and what hinders, women in the workplace through a period that’s offered plenty of challenge. Global mid-market companies have navigated the financial crisis of 2007-08, worked through the pandemic and currently contend with the impact of geopolitical tension and conflict.
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 January 2024, the Federal Tax Authority (hereinafter - “FTA”) issued a Corporate Tax Guide (hereinafter - “the Guide”) focusing on Tax Groups, which helps Taxable Persons to understand the taxation of juridical Resident Persons that form a Tax Group, including key aspects of transfer pricing (hereinafter - “TP”), providing relevant examples.
Following on from Part 2 of our ‘Ten-Point Guide to Selling your Business’ publication, which focused on ‘Preparing for Sale’, we are pleased to introduce Part 3 of the series, where we will focus on the Going to Market stage of the process.
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.
The Consumer Protection Regulation “CPR” issued by the Central Bank of the United Arab Emirates “CBUAE” on December 31, 2020, mandated that Licensed Financial Institutions (LFI’s) must adhere to the CPR and the related Consumer Protection Standards (CPS). As a consequence, there will be increased scrutiny on LFIs to meet the regulatory expectations across key controls of conduct risk.
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.
The Food and Beverage (F&B) sector has continued to grow and show resilience to macro-economic headwinds in 2023, evidenced by strong deal flow and capital raisings in the UAE and broader GCC. Following on from our Q1 2023 update, we are delighted to share our latest F&B edition, summarising key themes, issues and activity in the sector.
Organisations are rapidly embracing this shift, integrating ESG practices into their strategies to mitigate risks, build resilience, and unlock sustainable growth. Meanwhile, regulators and policymakers recognise the need for a supportive ecosystem that empowers businesses on this journey while fostering sustainable economic development.