Investment in UAE
29 May 24

Tax Implications of Business Investments

Background: Mr. Ahmed, a UAE resident, owns and operates a small bakery in his local community. Recognizing the importance of securing a stable supply of flour, a crucial ingredient in his bakery’s products, Mr. Ahmed decides to purchase shares in Company C, a reputable flour production company. To facilitate this…
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Corporate Tax in UAE
03 Apr 24

A Guidance towards Corporate Tax Compliance: Election to recognize gains and losses on a realization basis for Corporate Tax Law

Case Study 1: Adjustment of Accounting Income when the taxpayer elects realization basis only for assets held on capital account Background: Company X operates in the retail sector, selling home appliances. Due to market developments, Company X anticipates the need to discount certain products to facilitate sales. Consequently, it records…
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