Analytics and brochures

This study covers VAT for services in the business sector. Digital (electronic) services are outside the scope of this research and will soon be addressed separately. Read more in the article of Andrey Nikonov, Senior Partner.

The UAE VAT legislation contains multiple provisions reserved to deal with supplies in, to or from the VAT Implementing State. The tax authorities of the KSA, Oman, UAE, Bahrain clarifie that these provisions are dormant yet. Neither Authority considers another GCC State as the one which has already implemented VAT. However, it could happen that the UAESupreme Court decided differently. Read more in the article of Andrey Nikonov, Senior Partner.

In this case study we look into first Corporate Tax period issue. This is not that simple because the UAE Regulation doesn't have it, in contrast with other Gulf jurisdiction. For those taxpayers who had been set up before 1 of June 2023, this issue means more than just a distribution of tax relevant facts between the returns. For them, it is also about the moment from which their loose tax-free status on their income. Read more in the article of Andrey Nikonov, Senior Partner, and Maria Nikonova, Partner.

We elaborate on some controversial issues pertinent to the short-term presence of the Recipient of a Service in the UAE. How could presence of 1.5 months not exceed the threshold of 1 month? Read more in the article of Andrey Nikonov, Senior Partner, and Maria Nikonova, Partner.

A share premium in the UAE mainland and a free zone is researched in this study. There is no special rule to deal with it in the Corporate Tax Law. Neither is there any direct guidance from either the FTA or the Minister of Finance. International experience and the interpretation of the general rules has been collected to fill the gap. Read more in the article of Andrey Nikonov, Senior Partner.

Investment funds in the UAE may be exempt from the Corporate Income tax. This study focuses on the taxation of UAE investments in foreign investment funds. Funds may be structured as companies or partnerships. This affects their investors. The zero rate for the investors from UAE free zones and (or) participation exemption for a distribution is addressed. We examine tax ramifications in the UAE with examples of the funds in the UK, US, Ireland and the Cayman Islands. At the end, we address profit-sharing arrangements that are not registered in a state and operate without creating any entity. Read more in the article of Andrey Nikonov, Senior Partner.