#UAE Corporate Tax Rate
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Are you eligible for CORPORATE TAX small business relief in the UAE?
If your revenue is ≤ AED 3 Million, you might qualify! Exclusions apply to Multinational Enterprises and qualifying free zones. Elevate Accounting & Auditing's Approved Auditors ensure smooth compliance. Let's elevate your business!
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#corporate tax in uae#corporate tax penalty#corporate tax rate uae#business tax in uae#tax dispute uae
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Learn how to maximize your corporate tax plan in Dubai under the direction of a professional! 🏊 The competitive corporate tax rates in UAE present ample prospects for business growth. 🏖 It is essential to comprehend the complexities of tax accounting, regardless of the size of your organization—startup or multinational. Our proficient group of tax advisors in Dubai is available to optimize your tax procedures and optimize your financial gains. 💼 We can help you with anything from understanding the business tax environment to taking advantage of incentives and exemptions. You may minimize liabilities and assure compliance with our customized tax accounting services. 💡 Don't let complicated tax laws hinder your company's growth. Unlock your full potential in Dubai's dynamic market by partnering with us. Reach out to us right now to start your successful, tax-efficient path! 🚀
Speak with us : +971 52 949 0565.
Send us an email : [email protected].
Go to our website : https://sncglobalgroup.com.
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Corporate tax 2024
We have dedicated English and Arabic-speaking teams for Corporate tax.
Follow MASAR CHARTERED ACCOUNTANTS For more updates For Free Consultancy. We are Always Available for you.
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#uae #corporatetax #uaecorporatetax #uaetax #exempt #tax #FTA #masar #masarcharteredaccountants
#corporate tax services#uae corporate tax#corporate tax rates#corporate tax in uae#corporate tax in dubai#tax agency in uae#tax advisor
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Investment in Brazil could remove countries from tax haven list
Criteria will be established by Brazil’s Federal Revenue Service and are expected to benefit countries like the UAE and Singapore
The Brazilian government included a provision in a new provisional presidential decree addressing the 15% minimum tax on multinational companies’ profits, which allows the executive branch to remove a country from the tax haven list if it makes significant investments in Brazil. This measure, experts say, could be crucial for attracting investments from countries that aim to become financial hubs, such as the United Arab Emirates, which are currently classified as tax havens.
According to the provision included in the decree, a jurisdiction classified as a tax haven or offering preferential tax regimes “may be exceptionally excluded for countries that significantly promote national development through substantial investments in Brazil.”
The Federal Revenue Service will be responsible for regulating what types of investments, including their amounts and frequency, could qualify a country for exclusion from the list. These investments will need to support national development, and the criteria will also be outlined in the regulations.
Currently, the tax authorities consider countries that tax income at a rate below 17% as tax havens. Jurisdictions that protect the confidentiality of corporate ownership structures are also categorized this way.
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Why Choose Chartered Accountants for Your Financial Needs
In Dubai's quick financial landscape, every small, medium, and large business wants to grow quickly and adapt to their changing business environment and business ethics, consequently our top-rated company, Hussain Al Shemsi Chartered Accountants, offers the best and highest quality accounting and auditing services in the UAE. Our Expert Chartered Professional Accountants provide high-quality accounting services throughout the UAE, including Accounting, Tax Accounting, Consultancy and Advisory and other professional chartered accounting services.
What are Chartered Accountants?
Chartered Accountants are professional Certified Accountants who specialize in business accounting, auditing, financial statement activities, filing corporate tax returns, and also promote business consulting and advisory services. When it comes to Dubai, Ajman, Sharjah, and other UAE locations, our Hussain Al Shemsi Chartered Accountants (HALSCA) team is the most Experienced Chartered Professional Accountants. Our team specializes in auditing, accounting, consulting, tax advisory services, industry driving reviews, and other chartered accounting services in the UAE.
The Role of Chartered Accountants
Taxation Services
HALSCA, the Expert chartered accountants in Dubai, specialize in providing the Best Taxation Services in the UAE that will guide you through difficult tax issues. With intricate knowledge of tax-effectiveness and compliance with the law while managing your financial affairs, whether you are an individual taxpayer, a corporation, or a trust, Hussain Al Shemsi Chartered Accountants provides the top taxation services in the UAE.
Auditing and Assurance
Auditing is an important function in all businesses, hence the Audit and Assurance report is required for a variety of reasons. Audit and assurance is the process of evaluating business accounts and confirming data in financial statements using a variety of documents. The audit process can assist detect corporate risks.
Financial Planning and Advisory
Efficient financial planning and advisory is crucial for long-term prosperity in Dubai's changing economic environment. In order to help individuals and organizations reach their financial objectives, chartered accountants provide strategic advising services. They provide helpful advice and recommendations based on your particular situation, ranging from investment research to budgeting.
The Advantages of Using a Chartered Accountant
Professionalism and Expertise
Dubai's chartered professional accountants are highly knowledgeable and experienced in financial management. Their commitment and professionalism guarantee that your financial affairs are managed with the highest care and attention to detail.
Compliance with Regulations
Navigating the complex regulatory environment of Dubai, UAE, can be challenging without expert guidance. Chartered accountants reduce the possibility of non-compliance and the fines that come with it by making sure your financial procedures follow local laws and regulations.
Strategic Business Guidance
Chartered accountants are trusted advisors who provide strategic insights to propel corporate growth, going beyond simple math calculations. Their experience can assist you in navigating obstacles and seizing chances whether you're growing your business or venturing into new industries.
Accuracy and Efficiency of Finance
You can anticipate increased accuracy and efficiency in your operations when chartered accountants are in charge of your financial processes. They can find chances for optimization and simplify procedures thanks to their sophisticated accounting tools and thorough attention to detail.
Conclusion
Choosing Hussain Al Shemsi Chartered Accountants (HALSCA) Reliable Chartered Professional Accountants in Dubai, UAE, is a strategic move for anyone serious about their financial health. These experts bring a level of professionalism, expertise, and strategic insight that is unmatched in the financial sector. Whether you're a small business looking to optimize your operations, a large corporation seeking efficiency improvements, or an individual in need of personal financial advice, expert chartered accountants in Dubai can provide the guidance and support you need. Their comprehensive services, from tax planning to auditing and financial advisory, ensure that your financial needs are met with precision and care. By partnering with a chartered accountant, you are investing in a secure and prosperous financial future.
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10 Online Business Ideas in Dubai, UAE
Dubai is one of the most vibrant cities in the world, renowned for its luxury lifestyle, stunning architecture, and thriving business environment. The city’s strategic location, coupled with its advanced infrastructure, make it an ideal location for entrepreneurs and businesses to thrive. With the internet becoming an integral part of our lives, online businesses have become an attractive option for individuals looking to establish a successful venture in Dubai. In this article, we will explore 10 online business ideas that can be started in Dubai, providing a comprehensive guide for entrepreneurs looking to tap into the lucrative online market in the city.
Growth of E-Commerce in Dubai
According to analysis by the Dubai Chamber of Commerce, the value of the UAE e-commerce market is expected to reach $9.2bn in 2026. During 2021, e-commerce sales in the UAE reached $4.8billion compared to $2.6 billion in 2019. It is estimated that more than one-third of consumers in the UAE bought a product or service using their smartphone at least once a week, which is above the global average of weekly online purchases. Local retailers are attracting shoppers in the UAE more than international sites, with domestic online shopping sites accounting for 73 percent of total sales.
Importance of Online Businesses in Dubai's Economy
There are numerous benefits of starting an online business in Dubai due to its favourable business climate and variety of economic benefits. Rather than just being a great value for setup costs, a potential online startup in Dubai can facilitate constant growth and a result-driven journey without any hassles. If you set up a business in Meydan Free Zone you can avail:
100% Exclusion from personal and corporate TAX
Smooth registration process for a business license
Full ownership of the business
Access to growth-driven regional and international markets
Lower legal restrictions
Lower currency restrictions
10 Online Business Ideas in Dubai
1. E-commerce Store
An e-commerce store is a popular and profitable online business idea in Dubai. With the increasing trend of online shopping, the demand for e-commerce stores is growing exponentially. An entrepreneur can sell any product online, including clothes, electronics, gadgets, and food.
2. Social Media Management
In today’s digital world, social media is a crucial aspect of any business. Entrepreneurs can start a social media management company in Dubai, where they can help businesses manage their social media presence, create content, and run advertising campaigns.
3. Digital Marketing Services
Dubai has a vast number of businesses that require assistance in establishing a social media presence. Setting up an online digital marketing business to help other businesses get comfortable with marketing can be a profitable idea. A digital marketing specialist plays a diverse role in improving sales, generating leads, optimizing as campaigns, content creation, and social media management.
4. Graphic Design & Video Editing
Social media platforms are the future of modern business. Design is now a serious area of commerce and companies are striving to establish their brand in the market. Therefore, graphic designers & video editors are in constant demand to create aesthetic content for a wide client base. Furthermore, other benefits include flexible working hours, choice of projects, varied application across different industries and more.
5. Online Consultancy
This could be in the form of tutoring, offering financial and management advice, or helping with higher education. These services are highly demanded online, and you can charge competitive rates to earn a considerable profit. At MARKEF the process of obtaining your online business license is extremely straightforward.
6. Online Education
To make education accessible to all, the best way is to take it online. Online tutoring has been picking up since the pandemic. However, one of the easiest ways to start your online business, you need to be armed with just your skills and subject matter knowledge. To start your online teaching career, you simply need a professional license from the Dubai Economic Department (DED) which can be left up to trusted business consultants like MARKEF.
7. Online Translator
Many people in the UAE come from different parts of the world. Most people come here to study, work, or start a business. People need language translators to help them communicate with others in the UAE. Offering translation services to foreigners can be very profitable for other ventures such as the tourism industry and even the online shopping business. Even though Arabic and English are common in that area, you can also hear Hindi, Urdu, or Mandarin. You can easily start your business on translation which will be helpful for various foreigners.
8. Affiliate Marketing
Affiliate marketing is a commission-based business model where an entrepreneur promotes other businesses’ products and earns a commission for each sale made through their unique affiliate link. It is a profitable online business idea in Dubai.
9. Fitness instructor
Dubai’s residents have a passion for health and fitness. If you share that passion, you could quickly turn it into a career. You don’t need a costly premises to get into this field. You don’t even need to see clients face to face. Many instructors now hold fitness, yoga, and pilates classes via video conference.
10. Virtual assistant
If you have a good understanding of fast-paced working environments and exceptional organisational skills, you should consider offering your skills as a virtual assistant. There are now dozens of online platforms like TastVirtual and VaVaVirtual that make it easy for you to connect with local entrepreneurs looking to tidy up their busy lives and delegate tasks.
Want to start an online business in Dubai?
Contact Us
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How Nigerians Can Easily Migrate To Dubai Via Property Ownership & Investment
According to the latest inbound tourism data for Dubai, over 144,000 Nigerians visit the emirate yearly, marking a year-on-year rise of 33%. The result makes Nigeria Dubai’s fastest-growing visitor source market to date.
In this article, we will look at:
Why Nigerians love Dubai
Why Dubai is a prime investment opportunity for Nigerians
Visa Restrictions
How Nigerians can now easily migrate to Dubai via Property Investment & Ownership
Alright, let’s dive in.
There are several reasons why Nigerians love Dubai:
Shopping: Dubai is known as a shopper’s paradise, with some of the world’s largest and most luxurious shopping malls. Nigerians love to shop, and Dubai offers a wide range of high-end fashion, electronics, jewelry, and luxury items that are not always available in Nigeria.
Tourism: Dubai is a popular tourist destination, with a variety of attractions such as the Burj Khalifa, the world’s tallest building, and the Palm Jumeirah, an artificial island. Nigerians enjoy visiting these attractions and taking part in the city’s vibrant nightlife.
Business opportunities: Dubai is a hub for international business, and many Nigerians travel there to explore new business opportunities. The city’s favorable tax policies and regulations make it an attractive location for entrepreneurs and investors.
Safety: Dubai is one of the safest cities in the world, with a low crime rate. Nigerians appreciate the safety and security that Dubai offers.
Luxury: Dubai is known for its luxury lifestyle, and Nigerians who can afford it often enjoy staying in the city’s opulent hotels and resorts, dining at high-end restaurants, and taking part in exclusive experiences such as desert safaris and helicopter tours.
Why Dubai is a prime investment opportunity for Nigerians
Dubai is a prime investment opportunity for Nigerians for several reasons:
Business-friendly policies: Dubai has a business-friendly regulatory framework, which means that it is easy to set up and run a business in the city. This makes it an ideal destination for Nigerian investors who are looking for an environment that supports entrepreneurship.
Strategic location: Dubai is strategically located at the crossroads of Europe, Asia, and Africa, making it an ideal hub for global trade and commerce. This makes it a convenient location for Nigerian investors who want to tap into the growing markets in these regions.
Tax benefits: Dubai offers a favorable tax regime, with no corporate or personal income tax. This means that Nigerian investors can keep more of their profits, which can be reinvested in their businesses or used for other investment opportunities.
Infrastructure: Dubai has world-class infrastructure, which supports business and trade. The city has modern transportation systems, including a well-connected metro network and extensive road infrastructure. Additionally, it has a well-developed telecommunications infrastructure and state-of-the-art utilities.
Real estate opportunities: Dubai’s real estate market offers excellent investment opportunities, with a range of properties to suit every budget. The city has a booming real estate sector, with high demand for residential, commercial, and industrial properties.
Visa-free entry: Nigerian nationals can enter Dubai without a visa for up to 90 days. This makes it easy for Nigerian investors to travel to the city for business and explore investment opportunities.
Overall, Dubai’s business-friendly policies, strategic location, tax benefits, infrastructure, and real estate opportunities make it an ideal destination for Nigerian investors who are looking for investment opportunities in the Middle East.
Visa Restrictions
Nigerians seeking to migrate to Dubai may face challenges in obtaining a visa due to restrictions that have been imposed on Nigerian passport holders. In 2019, the United Arab Emirates (UAE) suspended the issuance of work visas to Nigerians, citing security concerns. While the ban has been lifted, Nigerians still face restrictions on travel to Dubai.
How Nigerians can easily migrate to Dubai via Property Investment & Ownership
Dubai offers several options for Nigerians to migrate via property ownership and investment. Here are some steps you can take:
Choose the right property: Dubai offers a range of properties, from affordable apartments to luxurious villas. As a Nigerian looking to migrate, you should consider factors like location, budget, and property type.
Understand the visa requirements: To migrate to Dubai, you will need a valid visa. The type of visa you need depends on your purpose of visit, such as work, investment, or tourism. The Dubai government offers several types of visas, including long-term investor visas for property owners.
Invest in a property: Investing in a property in Dubai can offer significant returns on investment. It is important to work with a reputable real estate agent who can guide you through the process of buying a property in Dubai, including the legal requirements and payment procedures.
4. Apply for an investor visa: Once you have invested in a property, you can apply for an investor visa. This type of visa is valid for three years and can be renewed. To be eligible, you must invest a minimum of AED 1 million (approximately USD 272,000) in real estate.
5. Meet other visa requirements: In addition to the investment, you will need to meet other visa requirements, such as a valid passport, proof of income, and a clean criminal record.
6. Seek professional advice: It is essential to seek professional advice from a lawyer or immigration consultant who can guide you through the visa application process and ensure that you meet all the requirements.
Overall, migrating to Dubai via property ownership and investment requires careful planning and a significant financial commitment. However, for Nigerians seeking new opportunities and a higher quality of life, Dubai can be an attractive destination with a thriving economy, world-class infrastructure, and a vibrant cultural scene.
At RealEstateMoses there are several opportunities to invest which gets you a 3 year business license and investor visa for free in Dubai when you purchase 1 bedroom and above.
For more info contact RealEstateMoses- https://linktr.ee/realestate_moses
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Everything You Need to Know About Corporate Tax in UAE
Corporate tax is an essential aspect of running a business in the UAE. With its favorable tax laws and a favorable business environment, the UAE has become a hub for foreign investors. It makes it crucial to have a deep understanding and read the information on the corporate tax system in the UAE, in order to make the most of its benefits. This article will help you understand corporate tax in the UAE by explaining rules, regulations and its benefits in the UAE.
Introduction to Corporate Tax in UAE
There is no personal income tax in the UAE, because of which UAE has a tax-free environment, making it an attractive country to live in for most people. However, corporations are subject to corporate tax on their income earned in the UAE. The introduction of CT in this region was intended to help UAE with the transformation and development that the government has strategically planned to achieve. The country’s tax laws are enforced and implemented by The UAE Federal Tax Authority (FTA). The authority also provides guidelines and regulations for corporations and businesses operating in the UAE. Corporations need to be abiding by these laws and regulations to avoid getting penalized.
The Corporate Tax Law in the UAE
The corporate tax law in the UAE is regulated by the Federal Tax Authority, which oversees the implementation and enforcement of the country’s tax laws. The CT law applies to all businesses operating in the UAE, regardless of their size or structure. The tax is levied on a company’s profits, and the rate at which the tax would be at, depends on the type of business and the industry in which it operates.
Corporate Tax Rates in the UAE
The CT rate depends on the type of business and industry that it operates in, hence there is no standard CT rate in UAE. Oil and gas, insurance, and banking are however, some industries that are exempt from CT. The tax rate for other industries ranges from 0% to 55%.
Benefits of Corporate Tax in UAE
The UAE offers several benefits for corporations, including:
No personal income tax
A favorable tax environment for businesses
A stable and predictable tax system
A streamlined process for tax registration and compliance
Access to a large pool of potential customers and investors
Corporate Tax Filing and Compliance in the UAE
It is necessary for corporations operating in the UAE to file their tax returns on an annual basis. The tax returns must be filed with the Federal Tax Authority(FTA) by the end of the financial year. The tax returns must include detailed information on the corporation’s income and expenses, and must be supported by financial statements and other relevant documents.
Common Mistakes to Avoid in Corporate Tax in UAE
To ensure compliance with the CT laws in the UAE, it is important to avoid common mistakes, including:
Not registering for CT
Filing incorrect or incomplete tax returns
Failing to keep accurate financial records
Not seeking professional advice
FAQ
Q: Is there personal income tax in the UAE?
A: No, there is no personal income tax in the UAE.
Q: Who is responsible for implementing and enforcing corporate tax laws in the UAE?
A: CT laws are enforced and implemented by The Federal Tax Authority (FTA) in the UAE.
Q: What is the standard corporate tax rate in the UAE?
A: The rate depends on the type of business and the industry in which it operates. There is no standard ct in the UAE.
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Everything You Need to Know About Corporate Tax in UAE
Corporate tax is an essential aspect of running a business in the UAE. With its favorable tax laws and a favorable business environment, the UAE has become a hub for foreign investors. It makes it crucial to have a deep understanding and read the information on the corporate tax system in the UAE, in order to make the most of its benefits. This article will help you understand corporate tax in the UAE by explaining rules, regulations and its benefits in the UAE.
Introduction to Corporate Tax in UAE
There is no personal income tax in the UAE, because of which UAE has a tax-free environment, making it an attractive country to live in for most people. However, corporations are subject to corporate tax on their income earned in the UAE. The introduction of CT in this region was intended to help UAE with the transformation and development that the government has strategically planned to achieve. The country’s tax laws are enforced and implemented by The UAE Federal Tax Authority (FTA). The authority also provides guidelines and regulations for corporations and businesses operating in the UAE. Corporations need to be abiding by these laws and regulations to avoid getting penalized.
The Corporate Tax Law in the UAE
The corporate tax law in the UAE is regulated by the Federal Tax Authority, which oversees the implementation and enforcement of the country’s tax laws. The CT law applies to all businesses operating in the UAE, regardless of their size or structure. The tax is levied on a company’s profits, and the rate at which the tax would be at, depends on the type of business and the industry in which it operates.
Corporate Tax Rates in the UAE
The CT rate depends on the type of business and industry that it operates in, hence there is no standard CT rate in UAE. Oil and gas, insurance, and banking are however, some industries that are exempt from CT. The tax rate for other industries ranges from 0% to 55%.
Benefits of Corporate Tax in UAE
The UAE offers several benefits for corporations, including:
No personal income tax
A favorable tax environment for businesses
A stable and predictable tax system
A streamlined process for tax registration and compliance
Access to a large pool of potential customers and investors
Corporate Tax Filing and Compliance in the UAE
It is necessary for corporations operating in the UAE to file their tax returns on an annual basis. The tax returns must be filed with the Federal Tax Authority(FTA) by the end of the financial year. The tax returns must include detailed information on the corporation’s income and expenses, and must be supported by financial statements and other relevant documents.
Common Mistakes to Avoid in Corporate Tax in UAE
To ensure compliance with the CT laws in the UAE, it is important to avoid common mistakes, including:
Not registering for CT
Filing incorrect or incomplete tax returns
Failing to keep accurate financial records
Not seeking professional advice
FAQ
Q: Is there personal income tax in the UAE?
A: No, there is no personal income tax in the UAE.
Q: Who is responsible for implementing and enforcing corporate tax laws in the UAE?
A: CT laws are enforced and implemented by The Federal Tax Authority (FTA) in the UAE.
Q: What is the standard corporate tax rate in the UAE?
A: The rate depends on the type of business and the industry in which it operates. There is no standard ct in the UAE.
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Corporate Tax in the UAE can be a challenging and complex area to navigate, but with the right guidance, it can also be a valuable tool for maximizing your business's financial potential. Our Elevate team of experts is dedicated to providing comprehensive and customized Corporate Tax solutions that cater to the specific needs of your business. Contact us today to learn more about our Corporate tax services in UAE.
#uae corporate tax#Corporate Tax in UAE#corporate Tax in Dubai#UAE Corporate Tax Rate#Corporate Tax UAE 2023 Law
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#corporate tax penalty#business tax in uae#corporate tax in uae#corporate tax uae free zone#corporate tax rate uae
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Dubai Freelance Visa is a specialized service offered by Dubai Freelance Visa Agency, dedicated to assisting individuals in obtaining their freelance visas in the UAE. With the rise of the gig economy, more professionals are seeking the flexibility and independence that freelancing provides. Our agency simplifies the process of securing a Freelance Visa Dubai, ensuring that clients can focus on their work without the hassle of complicated paperwork.
Why Choose Dubai Freelance Visa?
As a leading provider of Freelance Visa UAE services, we understand the unique needs of freelancers and digital nomads. Our team is committed to delivering personalized support throughout the application process, from initial consultation to visa approval. We offer comprehensive guidance on the necessary documentation and requirements, making it easier for you to start your freelance journey in Dubai.
Benefits of a Freelance Visa
Flexibility: Work on your own terms and choose projects that align with your skills and interests.
Tax Advantages: Enjoy 0% corporate and personal tax rates, allowing you to maximize your earnings.
Legal Residency: Obtain a legal residence permit that enables you to live and work in Dubai.
Sponsorship Opportunities: The freelance visa allows you to sponsor family members, making it easier to settle in the UAE.
How to Get Started
To begin your application for a Dubai Freelance Visa, simply reach out to us through our contact page. Our experienced consultants will guide you through every step of the process, ensuring that all requirements are met efficiently.
For more information about our services and how we can assist you with your freelance visa needs, visit our website. With our expertise, you can confidently navigate the freelance landscape in Dubai and take advantage of all the opportunities it offers.
Whether you're an established freelancer or just starting out, Dubai Freelance Visa Agency is here to support your journey toward a successful freelance career in the UAE. Let us help you unlock your potential in one of the world's most dynamic cities!
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"WHAT IS CORPORATE TAX RATES"
Follow MASAR CHARTERED ACCOUNTANTS for Updates.
For Free Consultancy. We are Always Available for you.
📧 [email protected] 📞+971 56 442 2333 🌐 https://masaraudit.ae/
#uaecorporatetax#corporatetaxservices#uaetax#taxagencyUAE#corporatetaxrates#MasarCharteredAccountants
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Transfer pricing bill: Impacts on Brazil-Arab relations
Attorney Pedro Castellanos Orsi (pictured) from law firm RMMG Advogados writes an article on the impact of the provisional measure that adjusts the Brazilian legislation on transfer pricing according to OECD requirements.
The recent trip of the president of the Republic of Brazil to the United Arab Emirates shed light on the development of an important Brazilian trade relation. As reported by the Brazil-Arab News Agency (ANBA), following a series of years of steady growth, in 2022, Brazil-Arab League trade reached its highest level: USD 32.78 billion. The magnitude of this relationship also adds to the importance of an impending change in the law that will particularly affect the Brazilian trade with the UAE, Oman, and Bahrein.
On May 5, 2023, the Brazilian Federal Senate passed Provisional Measure 1,152/2022 in the form of the Bill of Conversion 8/2023, which is still to be signed by the president. The innovation comes with the stated purpose of adjusting the Brazilian Transfer Pricing legislation to the requirements established by the Organization for Economic Co-operation and Development (OECD). Depending on the case, this could translate into a sizeable increase in the tax rate on the profit and/or imports.
Under the terms of the provisional measure, the changes will be optional for 2023 and mandatory for 2024. The regulations will apply to (i) operations carried out between binding parties and (ii) operations carried out with entities based in jurisdictions with favored taxation and/or legislation that doesn’t allow the assessment of the corporate structure. The jurisdictions encompassed in the second group are listed in the 1st article of the Normative Instruction 1,037/2010, including the UAE, Oman, and Bahrain.
Continue reading.
#brazil#politics#brazilian politics#arab world#economy#foreign policy#international politics#mod nise da silveira#image description in alt
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