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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.

Are energy costs affecting your business? Here’s what you need to know. Rising energy costs are a concern for global mid-market businesses, impacting operational expenses and long-term planning. The UAE has made significant strides in diversifying its energy sources. Grant Thornton has consulted with global energy industry leaders to understand how businesses are navigating these changes. For more detailed insights on the report, you can find the full article in the link below.

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.

We are pleased to announce our latest publication on the F&B sector, offering industry insights and expert commentary on F&B in the region, including its financial outlook. The UAE’s Food and Beverage (F&B) sector is projected to achieve revenues of USD 38.3 billion by the end of 2024. In particular, food tech is attracting government and investor attention, in alignment with the UAE’s National Strategy for Food Security. In this edition, we also spoke with Khaled Fadly (https://www.linkedin.com/in/khaledfadly/), CEO of Epik Foods (https://www.linkedin.com/company/epikfoodss/), the UAE and KSA-based F&B group, to learn about his journey from the corporate world to becoming a successful F&B entrepreneur. Khaled shares his journey into the F&B sector and the challenges faced and successes achieved along the way. He also discusses key considerations for companies looking to expand internationally and outlines Epik Foods’ future plans.

Explore the main listing requirements and navigate the IPO journey confidently with our capital market specialists, who have facilitated over a third of the UAE IPOs since 2018, providing insights into governance frameworks and compliance requirements in the UAE, and maximising listing success.

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.