United Arab Emirates

UAE competitive corporate tax regime to carve in stone UAE’s position as preferred regional and global business hub

June 2, 2022

By Mourad Chatar & Sarah Bahous, Partners at Value Square, Dubai On April 28, 2022, the United Arab Emirates Ministry of Finance (UAE MoF) released a public consultation document on the upcoming corporate tax regime. The regime’s guiding principles were announced three months prior,

Asia-Pacific

Corporate tax in the Kingdom of Bahrain—fiction or reality?

April 11, 2022

Raman Ohri, Keypoint, discusses why it’s only a matter of time until Bahrain implements a corporate income tax, which will inevitably be followed by transfer pricing rules.

Asia-Pacific

Significant changes to the income tax treaty between Austria and the UAE as of 2023

March 24, 2022

Iris Burgstaller and Fanni Deak, TPA Austria, discuss recent changes to the Austria-United Arab Emirates income tax treaty to implement the OECD standards on base erosion and profit shifting (BEPS); after the exchange of the instruments of ratification, the amendments will be applicable for tax years after December 31, 2022.

Asia-Pacific

UAE and OECD meet to discuss country’s progress in implementing international tax standards: Deepthi Nair / The National→

March 15, 2022

Asia-Pacific

New UAE transfer pricing regulations to enhance UAE regional hub status

March 2, 2022

Mourad Chatar and Sarah Bahous, Value Square, discuss the transfer pricing implications stemming from the United Arab Emirates’ newly announced corporate income tax system.

Africa

UAE announces 9% corporate income tax rate, sets tone on regional corporate tax competition

January 31, 2022

Mourad Chatar and Sarah Bahous, Value Square, discuss the United Arab Emirates’ January 31 announcement that it will implement a federal corporate tax regime at a standard nine percent rate, which will apply to relevant businesses from . . .

Asia-Pacific

Indian court extends tax exemption of Abu Dhabi Investment Authority to its Jersey trust

November 19, 2021

Ritu Shaktawat and Milind Hasrajani, Khaitan & Co, discuss the October 28 landmark decision by the High Court of Bombay holding that income from debt securities earned by a Jersey trust settled by the Abu Dhabi Investment Authority (ADIA), and of which ADIA is the sole beneficiary, is exempt . . .

Africa

E-invoicing and interaction with transfer pricing: a Middle East and African perspective

October 25, 2021

Rubeena Dina and Aniruddha Saha, GTS Africa, discuss the global trend of tax authorities’ introducing electronic invoicing requirements and the implications for transfer pricing in the Middle East and Africa . . .

Asia-Pacific

Gulf Cooperation Council countries and businesses prepare for global minimum tax

August 16, 2021

Raman Ohri, Keypoint, discusses the dilemma that the July 1 inclusive framework agreement on a global minimum tax created for Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates . . .

Asia-Pacific

United Arab Emirates publishes MAP guidance for resolving tax and transfer pricing disputes

July 21, 2021

Nour Ali, regional tax consultant at DNV, discusses the United Arab Emirates’ July 1 release of mutual agreement procedure (MAP) guidance for resolving tax and transfer pricing disputes through. . .

Africa

Israel, United Arab Emirates sign tax treaty: Reuters→

June 2, 2021

Americas

Tax havens begin sharing information about entities that earn income from IP, other mobile activities

March 31, 2021

Twelve tax haven countries, for the first time, provided information about the activities of some business entities located in their countries to the countries where the entities’ parents or beneficial owners are tax residents, the OCED today announced. Anguilla, the Bahamas . . .

Africa

OECD publishes assessment of cross-border tax dispute resolution in 13 more countries

February 17, 2021

The OECD on February 1 published assessments of the cross-border tax dispute resolution processes in Aruba, Bahrain . . .

Africa

18 more nations meet global standards on countering harmful tax practices, OECD says

November 25, 2020

Hong Kong, Switzerland, and Mauritius are among 18 jurisdictions that now meet global “minimum standards” on harmful tax practices, the OECD announced . . .

Transfer Pricing

UAE launches country-by-country reporting platform: Gulf News→

November 17, 2020

Asia-Pacific

Israel seeks to negotiate tax treaty with UAE: Hamodia→

September 1, 2020

Asia-Pacific

UAE announces tax relief in response to coronavirus: KPMG→

March 18, 2020

Asia-Pacific

UAE finance ministry announces that it has begun to receive CbCR reports: ZAWYA→

December 11, 2019

Americas

OECD seeks feedback on the effectiveness of 13 countries’ cross-border tax dispute resolution processes

November 18, 2019

The OECD today requested input from taxpayers to assist in an assessment of the timeliness and efficiency of the cross-border tax dispute resolution process in Aruba, Bahrain, Barbados,. . .

Africa

EU Council revises its tax blacklist, addresses “two out of three” exception and foreign source income exemption regimes

October 10, 2019

Davide Anghileri of the University of Lausanne, Switzerland, resolutions relating to taxation adopted by the of the EU Council today . . .

American Samoa

Netherlands government publishes revised draft list of low tax jurisdictions

October 8, 2019

Jian-Cheng Ku and Rhys Bane of DLA Piper, Amsterdam, discuss the Dutch government’s October 7 release of a draft list of low tax jurisdictions which makes four changes from the previous list. . . .

Africa

EU Code of Conduct Group proposes changes to tax blacklist for seven countries including Switzerland, UAE, Mauritius

October 8, 2019

Davide Anghileri of the University of Lausanne, Switzerland, discusses October 4 EU Code of Conduct Group (Business Taxation) recommendations for amendments to the EU list of non-cooperative tax jurisdictions . . .

Asia-Pacific

Singapore, UAE tax treaty amended by multilateral instrument

September 3, 2019

The Inland Revenue Authority of Singapore has announced that amendments . . .

American Samoa

Dominica removed from the EU tax blacklist

June 17, 2019

The Council of the EU on June 14 removed Dominica from the . . .

BVI, Bermuda, Cayman top tax haven list; UAE, UK, France most aggressive in lowering other countries withholding tax via treaty: Tax Justice Network→

May 29, 2019

American Samoa

EU Council revises tax blacklist, plans less frequent list updates

May 17, 2019

Davide Anghileri of the University of Lausanne discusses today’s decisions by the EU Council regarding the EU list of non-cooperative tax jurisdictions . . .

Americas

Tax laws of 12 low-tax countries including BVI, Bermuda, Cayman don’t harm other countries, 131-country group concludes

July 23, 2019

An OECD-led 131-country coalition, known as the “Inclusive Framework on BEPS,” has approved. . .

Asia-Pacific

BEPS multilateral tax treaty to enter into force for Ukraine

August 8, 2019

Ukraine today deposited with the OECD legal documents ratifying . . .

Asia-Pacific

UAE country-by-country reporting rules published

July 30, 2019

Saumitra R. Bhagwat and George German of Deloitte Middle East discuss new UAE Ministry of Finance transfer pricing guidance which sets out country-by-country reporting compliance obligations for multinational corporation groups. . .

Asia-Pacific

MLI to enter into force for United Arab Emirates

June 6, 2019

The United Arab Emirates deposited its instrument of . . .

Asia-Pacific

Synthesized text of Japan-UAE tax treaty published showing MLI modifications

July 20, 2019

The Japanese government on July 1 published the . . .

Asia-Pacific

UAE, Finland sign tax information exchange agreement

March 29, 2016

The United Arab Emirates and Finland on March 27 signed an agreement on the exchange of information . . .

Africa

Brazil signs tax treaty with UAE potentially ending blacklisting, approves South Africa pact

November 14, 2018

Francisco Lisboa Moreira of Bichara Advogados, São Paulo, discusses the latest tax treaty developments in Brazil . . .

Asia-Pacific

UAE joins “Inclusive Framework on BEPS”

May 16, 2018

The OECD today announced that the United Arab Emirates has become the 116th jurisdiction to join the . . .

Asia-Pacific

UAE confident of removal from EU blacklist after tax reform, outstanding issues is implementing BEPS: Gulf News General→

December 7, 2017

EU officials to recommend removal from tax blacklist for Panama, South Korea, UAE, Barbados, Grenada, Macao, Mongolia, Tunisia: Francesco Guarascio / Reuters→

January 16, 2018

Asia-Pacific

UAE signs multilateral treaty to fight offshore tax evasion and multinational corporation avoidance

April 22, 2017

The United Arab Emirates on April 21 signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, becoming the 109th jurisdiction to participate in the convention. The treaty, developed in 1988 by the OECD and the Council of Europe, would enable . . .

Asia-Pacific

UAE president to issue VAT law within 2-4 months: Yasmine Saleh / Zawya→

March 16, 2017

See: Zawya.

More News

UAE opens VAT registration portal

September 23, 2017

UAE tax authorities have opened a VAT registration portal to prepare for the new tax, which will begin January 2018 at a standard rate of 5 percent. Businesses must register for VAT if annual supplies . . .

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Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

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