Qualifying Investment Fund under the UAE Corporate Tax

Mostafa

Mostafa is a qualified Corporate Tax Consultant with over 5 years of experience gained in diverse intricate tax matters, he has high expertise in conducting tax negotiations and investigations with the Federal Tax Authority and other external Tax Bodies. He has vast experience in reviewing and drafting tax documents. Mostafa has also advised on a plethora of tax matters, he draws much attention to tax filing procedures and to offering professional investigations to underlining tax complexities.

Qualifying Investment Fund under the UAE Corporate Tax

The UAE’s Corporate Tax Law sets out the criteria to establish if an investment fund qualifies for exemption from Corporate Tax. An investment fund, in this context, refers to a structured entity primarily engaged in pooling investor funds and investing them based on a defined policy. This category encompasses various entities such as real estate … Read more

Enhancing Taxable Income Calculation: Adjustments and Guidelines under UAE Corporate Tax Law

The UAE corporate tax law provides a set of adjustments and guidelines to be followed when determining taxable income in specific scenarios. This article highlights the provisions of corporate tax law regarding the calculation of income, its implications and its significance for businesses operating in the UAE. Taxable Individual Conversion into the Qualifying Group Transfers … Read more

Relation of Non-Resident Person for Taxation in Corporate Tax Law, UAE

Under the corporate tax law in UAE, a non-resident person is considered taxable if they have a nexus in the UAE. This nexus can be established if the person earns income from immovable property in the country. Immovable property includes land, buildings, and related fixtures or equipment. The registration with taxation authority in UAE is … Read more

Corporate Tax Exemption for Public and Community Welfare Entities in UAE

Public and Community Welfare Entities are non-profit organizations established to provide public services, support social welfare, or promote charitable activities. Their primary focus is on benefiting the community rather than generating profits. Examples of such entities include charitable organizations, foundations, non-governmental organizations (NGOs) and other specific types of non-profit associations. Corporate Tax Law in UAE … Read more

Requirement for Filing Corporate Tax Returns in UAE

Tax Returns and related disclosures are important for the efficient administration and enforcement of the Corporate Tax regime. It specifies dates of filing, the minimum information requirements, implications for Exempt Persons and the requirements for Unincorporated Partnerships and Tax Groups. Thus, it is advisable for Taxable Persons to seek the services of Tax Consultants in … Read more

What are the provisions for corporate tax exemptions in UAE?

The UAE corporate tax law provides various exemptions for qualifying entities, such as state entities, government-controlled institutions, and investment funds. Understanding these provisions is crucial for compliance. Corporate Tax Law in UAE furnishes provisions for exemption from corporate tax to distinct Taxable Persons. Cabinet Decision No.7 of 2023 stipulates conditions for tax registration and the timeline … Read more