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Corporate Taxes United Arab Emirates (UAE)

Awatif Mohammad Shoqi Advocates & Legal...

Understanding the Corporate Tax Obligations for Natural Persons Under UAE Law

The Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses (Corporate Tax Law), establishes the legislative framework for imposing federal tax on corporations and business profits in the UAE. This...more

Hogan Lovells

UAE Corporate Income Tax

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The new corporate tax regime introduced by the UAE Ministry of Finance will apply for fiscal years starting on or after 1 June 2023. In this article, we explain the key provisions of the new regime, how to comply with the...more

Awatif Mohammad Shoqi Advocates & Legal...

What You Need To Know About Direct Taxation Of Businesses In The UAE

The UAE has not imposed corporate taxes on profits of most corporations or other businesses historically. That said, the Government of UAE will be introducing corporate tax to be levied on businesses, effective for financial...more

Hogan Lovells

Recent changes to the UAE legal landscape: March 2022

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The United Arab Emirates (UAE), which has made significant updates to its laws governing commercial activity in recent years, has again revised and refined the statutory landscape for companies in the country. The issuance of...more

K&L Gates LLP

Update – UAE Introduces Corporate Tax

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The United Arab Emirates (UAE) Ministry of Finance (Ministry) announced on 31 January 2022 that it will introduce a federal corporate tax regime for the first time in the UAE. A federal corporate tax law is expected to be...more

K&L Gates LLP

The New UAE Economic Substance Regulations (Updated)

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EXTENSION ANNOUNCED - The Ministry of Finance (MoF) announced on 31 December 2020 the extension of the deadline for submitting the ESR’s notifications and reports. All companies in the UAE that were engaged in any of the...more

K&L Gates LLP

The New UAE Economic Substance Regulations

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Background - The European Union (EU) has a blacklist of countries that do not meet the EU’s criteria on tax transparency, fair taxation, and the implementation of measures to counteract base erosion of profit shifting (BEPS)....more

Hogan Lovells

UAE Economic Substance Rules and Regulations

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Economic substance regulations have been circulating in various forms across several jurisdictions during the last couple of years. They are being introduced across the globe in countries with low or no corporate taxation in...more

Hogan Lovells

A Turning Point for Tech – Global survey on digital regulation

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Whilst political uncertainty may have businesses’ attention fixed, the Hogan Lovells Global Survey on Digital Regulation: ‘A Turning Point for Tech’ suggests that tech companies should be looking elsewhere. During yesterday’s...more

Bracewell LLP

New UAE Economic Substance Regulations Issued

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On 30 April 2019, the UAE Cabinet issued the Cabinet of Ministers Resolution No. 31 of 2019 concerning Economic Substance Regulations in the UAE (“Regulations”). ...more

Latham & Watkins LLP

Doing Business in the UAE

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Country Background - Formed on 2 December 1971, the UAE is a federal state of seven emirates comprising Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. The UAE federal constitution...more

Bilzin Sumberg

Use of Estonia in U.S. International Tax Planning

Bilzin Sumberg on

According to recent estimates, Estonia, which is situated halfway between Stockholm and St. Petersburg, currently has more than 350 start-up technology companies – one for every 3,700 citizens – and the government expects...more

K&L Gates LLP

UAE Expected to Issue Draft Law on Corporate Tax and VAT

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Although the United Arab Emirates (“UAE”) currently has Emirate level tax legislation in place, taxation has, to date, generally only applied to the oil and banking sectors. The last decade has seen the member states of the...more

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