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Exiting a business is a critical phase in the lifecycle of any company. Whether the decision is driven by retirement, acquisition, restructuring, or liquidation, planning an exit strategy must involve a thorough understanding of the financial and tax implications. In...

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The introduction of the UAE Corporate Tax regime has brought clarity and structure to business taxation in the country. While most entities are subject to a standard tax rate of 9%, the law carves out several exemptions, particularly for sectors...

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Under the UAE Corporate Tax regime, businesses must clearly distinguish between allowable and non-allowable expenses when calculating their taxable income. One such category that receives particular scrutiny is entertainment expenses. While some entertainment costs are necessary for business operations, the...

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As the UAE implements its new Corporate Tax regime effective from June 1, 2023, one of the key planning strategies available for businesses is the formation of a “Tax Group.” Tax grouping allows multiple entities under common control to be...

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The UAE is increasingly recognized as a global hub for foreign investment, thanks in part to its strategic tax policies and comprehensive network of Double Taxation Avoidance Agreements (DTAAs). These treaties, combined with the UAE's attractive corporate tax regime, make...

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Since the introduction of Value Added Tax (VAT) in the UAE on January 1, 2018, there has been growing concern among entrepreneurs and small business owners about their obligations under the new tax regime. Many wonder whether VAT is something...

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Since the implementation of Value Added Tax (VAT) in the UAE on January 1, 2018, understanding the applicable VAT rates has become essential for businesses. The Federal Decree-Law No. (8) of 2017, along with the Executive Regulations, outlines three VAT...

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When it comes to VAT compliance in the UAE, many businesses often confuse zero-rated and VAT-exempt supplies. While both categories result in no VAT being charged to the customer, the treatment and implications for businesses are entirely different. Understanding this...

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The digital economy has seen exponential growth in recent years, with tech firms offering services like cloud computing, software subscriptions, SaaS platforms, streaming content, and online education across borders. In the UAE, such cross-border digital transactions are subject to VAT...

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The introduction of Corporate Tax in the United Arab Emirates marks a significant milestone in the country’s transition toward a more diversified economy and a globally recognized tax jurisdiction. Starting from June 1, 2023, businesses operating in the UAE are...

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