Guide on Treatment of Unrealized Gains and Losses Under UAE Corporate Tax

Guide on Treatment of Unrealized Gains and Losses Under UAE Corporate Ta

Guide on treatment of unrealized gains and losses under UAE Corporate Tax provides you the complete knowledge on the topic. For calculating taxable income under the UAE Corporate Tax law (the CT law), general rules for determining taxable income- defined under Article 20 of the Corporate Tax Law (CT law) are to be considered.

According to Article 20 (2) of the CT law – taxable income for a tax period shall be calculated by considering accounting income and making specific adjustments defined under Article 20 (2); the first adjustment is for- any unrealised gains or losses under UAE Corporate Tax.

We first explained about the realisation principle and when the income is realised. Then, we shed light on what are the unrealised gains or losses under UAE corporate tax.

This guide also highlights how unrealised gains and losses are treated and how they impact the computation of Taxable income and how the adjustments are made. We have also included case study for better understanding. For thorough understanding of treatment of unrealised gains and losses, checkout the guide.  

Guide on UAE Corporate Tax Group

Guide on UAE Corporate Tax Group

A tax group is a special arrangement in which two or more resident companies can come together to operate as a single taxable entity, subject to the conditions of Article 40 of the Corporate Tax Law.

This means if the companies meet the requirements to form a Tax Group, and the Federal Tax Authority approves their application to form a Tax Group, they can file a single UAE CT return covering all the members of the Tax Group.

With this guide, we would like to provide you with the information regarding:

  • Who can form a UAE corporate tax group
  • Conditions need to be fulfilled to form a UAE corporate group
  • Pros and cons of forming a corporate tax group

For an in-depth exploration of the UAE corporate tax group, please refer to the comprehensive guide available for detailed insights and information

Guide to Non-Resident Person’s Nexus in UAE (CT purposes)

Guide to Non-Resident Person Nexus

The Corporate Tax Law has been introduced in the UAE and provides special treatment for the non-resident person’s taxation. This eBook deals with determining a non-resident person’s nexus in UAE and provides you with its complete details.

With this eBook, you’ll learn about:

  • Introduction to the non-resident person in the UAE
  • Condition for a Non-Resident Person to be said to have a Nexus in the UAE
  • Taxable Income if there is a Nexus in the UAE
  • Determine the Permanent Establishment in UAE
  • Comprehensive Examples of Permanent Establishment
  • Other UAE Corporate Tax requirements for a Non-resident person
  • Application of General Anti Avoidance Rules (GAAR) Provisions

We also provide you with the answers to frequently asked questions on the topic. Check out the eBook to learn more about Determining a Non-Resident Person’s Nexus in UAE for Corporate Tax Purposes.

Comprehensive Guide on Corporate Tax Registration on EmaraTax

Comprehensive-Guide-on-Corporate-Tax-Registration-on-EmaraTax

Federal Tax Authority of the UAE manages the EmaraTax Platform, which provides several useful digital services to businesses in the UAE, such as:

  • Handling Tax Registration
  • Filing of Returns
  • Payment of Taxes
  • Applying for tax refunds under the UAE CT Law regime

Considering the cruciality of the platform, we have come up with this comprehensive guide on Corporate Tax Registration on EmaraTax.

The guide provides you with the information regarding:

  • Who should register for Corporate Tax?
  • Timeline for Corporate Tax Registration
  • Documents Required for Corporate Tax Registration on EmaraTax
  • Steps for Corporate Tax Registration on EmaraTax
  • Mistakes to Avoid During UAE Corporate Tax Registration on EmaraTax
  • Post-Registration Responsibilities and Compliance
  • Penalties for Non-Compliance

The UAE government has introduced the Corporate Tax (CT) and positioned the country as a business and investment hub. It demonstrates the UAE authorities’ commitment to bringing transparency into business dealings. The introduction of corporate tax in the UAE will boost the economy and attract foreign direct investment.

To have a comprehensive understanding of Corporate Tax Registration on EmaraTaX, we invite you to go through this detailed guide and empower yourself by advancing your expertise.