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
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
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
Even without a German nexus, in cases of a licensing of right registered in Germany an application/disclosure before 30 June 2022 might be necessary. ..According to the German Federal Ministry of Finance (BMF) the...more
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
El 14 de julio de 2020, el Ministerio de Hacienda expidió el Decreto 1010 de 2020, por el cual se reglamentan aspectos relacionados con el impuesto de normalización tributaria y saneamiento de activos en Colombia....more
Existing contracts must be amended no later than December 31, 2019. Parties to certain older German profit and loss transfer agreements ("PLTA"), take note. According to the German Federal Ministry of Finance's ("BMF")...more