Articles

Under the UAE Corporate Tax Law and relevant Free Zone regulations, a Qualifying Free Zone Person (QFZP) is required to prepare annual financial statements audited in accordance with International Financial Reporting Standards (IFRS). Why is this Important? Audited financial statements provide transparency and ensure that the company’s financial position and performance are accurately reported. This […]

Under Articles 34 and 55 of the UAE Corporate Tax Law, entities must comply with the arm’s length principle for transactions with related parties and connected persons. This means prices and terms must be consistent with those that would have been agreed between independent parties in similar circumstances. Why is this Important? Proper transfer pricing

Under the UAE Corporate Tax Law, a Qualifying Free Zone Person (QFZP) can benefit from a 0% corporate tax rate on qualifying income. However, this benefit is conditional: a QFZP must ensure its non-qualifying income does not exceed the prescribed de-minimis threshold. Exceeding this limit will result in losing QFZP status and being taxed at

In response to evolving international tax standards and the UAE’s commitment to combating tax avoidance and base erosion, the Corporate Tax Law introduced the requirement for Free Zone Persons (FZPs) to maintain adequate substance within the UAE. This new obligation ensures that businesses benefiting from the attractive Free Zone tax regime demonstrate a genuine economic