Articles

VAT Treatment of Demurrage and Despatch Charges in Logistics Services

What’s new in UAE and GCC tax: PGP January Digest

As we step into the New Year, we are excited to share the first tax digest of 2025. This edition highlights the most significant updates in UAE and international tax

Forex Gains Tax Treatment in the UAE and beyond

Chief Financial Officer: Always Connected Person or Not?

Article 36(2)(b) of the UAE Corporate Tax Law provides that ‘a Person shall be considered a Connected Person of a Taxable Person if that Person is … A director or

US LLC’s (S-Corp) treatment in the UAE

Trusts & Foundations: Practical Insights from Our CFO Cafe Presentation

Today, we shared our expertise on Trusts and Foundations during an almost two-hour presentation at the CFO Cafe venue. We covered both tax and legal aspects with a focus on

Significant Changes to Tax Transparency Rules for Family Foundations

On October 28, the Minister issued Decision No. 261, introducing pivotal updates under Article 5(2). This decision expands the scope of entities eligible for tax transparency, allowing 𝗮𝗻𝘆 𝗷𝘂𝗿𝗶𝗱𝗶𝗰𝗮𝗹 𝗽𝗲𝗿𝘀𝗼𝗻

Similar Entities to gain Family Foundation Exemption

The UAE’s Corporate Tax Law has introduced beneficial provisions for Family Foundations, trusts, and similar entities, offering these structures the potential to attain tax-transparent status. However, while the law allows

Overview of the Public Clarification TAXP008 – Tax Assessment Reviews

Last week, the FTA introduced Public Clarification TAXP008, highlighting a significant update within the Tax Procedures Law. Since March 2023, taxpayers have had access to an alternative mechanism for resolving