UAE Corporate Tax Registration: Insights from FTA’s New Guide
The process of corporate tax registration in the UAE has begun since the direct tax took effect on June 1st 2023. Corporate tax advisers in Dubai advise businesses that come…
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Transfer Pricing Documentation: Understanding the Local File
Transfer pricing refers to the pricing of cross-border transactions between related parties, such as subsidiaries, branches, or affiliates of a multinational enterprise (MNE). It ensures that such transactions are conducted…
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AML-CFT Compliance: What are the Three lines of Defence?
The “Three Lines of Defence” is a widely used coinage for describing how businesses and organisations should structure and deal with their Anti-money Laundering (“AML”) risk. Businesses can use the…
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Significance of Trademark Protection in the Tobacco Industry
Branding is a big challenge for tobacco brands due to the highly sensitive nature of the product. However, trademark registration serves as an effective strategy to navigate this challenge as…
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CT Exemption Norms for Real Estate Investment Trusts
Investment funds, including Real Estate Investment Trusts (“REITs”), are exempted from the UAE Corporate Tax. The Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (UAE…
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UAE Corporate Tax: An Introduction to Transfer Pricing Assessment
Given the status of the UAE as a global hub of Multinational Enterprises (MNEs), the concept of transfer pricing assumes paramount importance. Transfer prices refer to the pricing of goods,…
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When is the Comparable Uncontrolled Price Method most ideal?
As the UAE is now governed by corporate tax law, companies need to ensure that the goods and services sold between its divisions in a cross-border transaction are priced the…
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The Master File: A Key Tier of Transfer Pricing Documentation
Transfer prices refer to the prices of goods and services MNEs charge on cross-border transactions between their group entities or subsidiaries. The prices should be at arm’s length, which means…
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Transfer Pricing Analysis: Business Strategy Factor
The “five factors” (characteristics of property or services; functional analysis; contractual terms; economic circumstances; and business strategies) are the standard reference in performing comparability analyses for determining transfer prices. Transfer…
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Why Functional Analysis is a Key Test in Transfer Pricing Analysis?
As the UAE corporate tax has become a reality, companies engaging in intra-group cross-border transactions need to consider transfer-pricing regulations. They need to ensure that the prices are at arm’s…
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