UAE Corporate Tax: List of Violations & Penalties
The UAE Cabinet has issued the Cabinet Decision No. (75) of 2023 which lists the violations and penalties related to corporate tax. As per the new Cabinet Decision, the Federal…
Read More 
Key takeaways from new Decision on UAE Tax Procedures Law
The Federal Decree-Law No. 28 of 2022 on Tax Procedures (“Decree-Law”) and its Executive Regulation govern the tax procedures in the UAE. The Ministry of Finance recently released the Cabinet…
Read More 
TP Comparability Analysis: Characteristics of Property or Services
Carrying out comparability analysis is at the core of the application of the arm’s length principle (APL). Applying the arm’s length principle is based on the comparison of the conditions…
Read More 
Businesses must Understand Arm’s Length Standard for Transfer Pricing compliance
Abiding by transfer pricing rules in the UAE is critical for businesses after the introduction of corporate tax. Transfer pricing refers to the prices charged for goods, services, or intellectual…
Read More 
UAE Corporate Tax Strategy: An introduction to Transfer Pricing
With the introduction of corporate tax from June 1st 2023, transfer-pricing rules have become critical for UAE businesses carrying out intra-group cross-border transactions. Transfer pricing kicks in when goods or…
Read More 
Transfer Pricing: Arm’s Length Standard & Comparability Analysis
Businesses conducting intra-group cross-border transactions need to consider the arm’s length principle while determining the transfer prices. The arm’s length principle requires MNEs to treat their members as separate entities…
Read More 
What are the Five Comparability Factors for Transfer Pricing?
Comparability analysis is the foundation of transfer pricing. The arm’s length principle is founded on the comparability between a transaction controlled by two entities belonging to the same multinational group…
Read More 
Arm’s Length Comparability Analysis: Contractual Terms of the Transaction
A comparability analysis is a crucial step in transfer pricing, a practice used to determine the pricing of transactions between related entities, such as subsidiaries of the same multinational enterprise…
Read More 
Stages of Money Laundering: Key Insights on Placement
Complying with the UAE’s Anti-Money Laundering (AML) laws is critical for financial institutions Designated Non-Finance Businesses & Professions (DNFBP) and Virtual Assets Service Providers (VASPs) to fight off the risk…
Read More 
Key Insights on FTA’s VAT Administrative Exceptions Guide
The UAE allows Value Added Tax (VAT) registrants to avail of the concessions/exceptions permitted in the VAT Laws and relevant regulations through a process called VAT Administrative Exception. By applying…
Read More