Tax Loss Relief and Transfer | UAE Corporate Tax
“Tax Loss Relief” and “Tax Loss Transfer” is the second snippet under UAE Corporate Tax
“Tax Loss Relief” and “Tax Loss Transfer” is the second snippet under UAE Corporate Tax
The UAE Federal Decree Law No 47 of 2022 on Taxation of Corporates and Business (Corporate Tax – CT) has been released on 9 Dec 2022. Refer key highlights.
UAE Tax Residency Determination has been updated as per latest UAE Cabinet Decision no 85 of 2022. The decision will be effective from 1st March 2023.
Please feel free to seek any further clarification/information on the Transfer Pricing related implications under the upcoming Corporate tax regime.
With 9 % Statutory tax rate and exemptions and reliefs, the UAE corporate tax regime should remain one of the most competitive in the region