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 2023 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.
Launching an IPO is one of the most significant corporate transactions a company will enter into during its lifecycle. Many companies aspire to be public as it is often seen as the pinnacle of achievement for the growth of the company by its founders.
In our May 2023 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 our April 2023 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.
The logistics sector has had a positive start to 2023, primarily driven by a stable macro-economic environment, proactive government policies, increasing demand for logistics services due to the growth of e-commerce, technological advancements, and growing investor confidence in the sector's long-term potential.
The UAE Ministry of Finance has issued Ministerial Decision No. 73 of 2023 on Small Business Relief for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.
M&A continued to prosper in the first five months of 2022 after a record-breaking year in 2021, although the 16 June 2022 US Federal Reserve Bank interest rate increase coupled with increased macroeconomic uncertainty marked a significant turning point for the global deal market.
In our March 2023 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.
Grant Thornton’s International Business Report (IBR) has been casting a light on the issue of gender diversity in senior management at mid-market businesses for 19 years, exposing barriers and identifying facilitators of change.
In our February 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 spite of the global downturn in the capital markets, the UAE has not only resisted this trend but has even shown record levels of IPO activity. This trend is likely to continue and provide organisations and shareholders new avenues for growth.
The regional economy performed strongly in the fourth quarter of 2022 owing to a successful FIFA World Cup, a booming tourism season, and favorable trade agreements being signed by energy exporters. Furthermore, the quarter saw an influx of new capital as international and domestic investors opened new offices in the region.
In our January 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 our December 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.
On 9 December 2022, the UAE Ministry of Finance (MoF) released the Federal Decree-Law No.47 of 2022 on the Taxation of Corporations and Businesses which will be effective for Tax Periods commencing on or after 1 June 2023.
Heading towards the new year, food security remains on top of the agenda for the region, while enhancements in food tech, and the continued rise of meat and dairy alternatives providing have proved to be a nifty tool to combat lingering supply chain and labor shortages and addressing food security.