by PREMA Team | Dec 5, 2024 | PREMA Insights
The UAE’s Corporate Tax framework sets out specific criteria for determining whether a person or entity is considered a Resident Taxable Person or a Non-Resident Taxable Person. These rules help identify who must pay corporate tax and on what income. This guide...
by PREMA Team | Nov 20, 2024 | PREMA Insights
I. Transfer Pricing Principles and Fundamentals What is Transfer Pricing?Transfer Pricing governs the pricing of transactions between entities within the same corporate group, such as sales of goods, provision of services, licensing of intellectual property, or...
by PREMA Team | Nov 9, 2023 | Corporate Tax, PREMA Insights
Tax Implications on Freezones as per UAE Corporate Tax Law The corporate tax implications on Free zone companies are different from those of mainland companies. However, in order for a freezone company to avail the benefits of the corporate tax law, they should be...
by PREMA Team | Nov 9, 2023 | Corporate Tax, PREMA Insights
Violations and Penalties applicable to UAE Corporate Tax Law Businesses in the UAE must be compliant with the existing Corporate Tax laws (Federal Decree Law no. 47), to avoid paying any penalties or fines. It is highly recommended that they register for corporate tax...
by PREMA Team | Nov 9, 2023 | Corporate Tax, PREMA Insights
Different ways to get Tax Relief from UAE Corporate Tax A Tax relief could be any government initiative or program or a policy designed to help businesses reduce their tax burden or resolve their tax liabilities which could be in the form of tax cuts, different tax...
by PREMA Team | Oct 19, 2023 | Corporate Tax, PREMA Insights
Taxation is a form of mandatory payment or levy collected by the government or those authorized by the government, from taxpayers to cover the costs of public expenditures. UAE, as a means of reducing its dependency on oil backed revenue while continuing to provide...
Recent Comments