Eli Roimen

With the UAE’s rapid tax evolution, transfer pricing rules ensure fair corporate taxation. Malcolm Manekshaw of Alvarez & Marsal sheds light on these guidelines, tax certainty, incentives, and the system’s nuances. https://lnkd.in/dBZkCwfi

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The UAE continues to lead as a global economic hub by aligning with international tax standards. Starting January 1, 2025, the UAE will implement a 15% Domestic Minimum Top-up Tax (DMTT) on multinational enterprises with global revenues exceeding €750 million. This move supports the OECD’s Global Minimum Tax (GMT) framework, which ensures fair taxation across borders and curbs tax base erosion. By adopting GMT, the UAE reinforces its position as a transparent, globally integrated economy while safeguarding its appeal as a destination for international businesses. This follows the successful introduction of a 9% corporate tax in 2023, reflecting the nation’s focus on strengthening non-oil revenues and enhancing its fiscal sustainability. As the global economy evolves, the UAE’s proactive approach ensures it remains a competitive and compliant leader in fostering responsible business practices. https://lnkd.in/ddtmU8Zs

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Just because you have nothing to pay, does not mean you do not need to report. Free zone entities that do not elect to pay UAE corporate tax are required to submit audited accounts. See the full guide on how to prepare your financials to report to the Federal Tax Authority from David Daly

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Exploring Re-Domiciliation? The UAE Could Be Your Next Strategic Move! In today’s dynamic business landscape, re-domiciliation is gaining traction as companies seek to optimize tax efficiency, enhance market access, and benefit from stable, business-friendly environments. The UAE stands out as a premier destination for this strategic maneuver, offering a seamless transition with its robust legal frameworks and tax incentives. Navigating the re-domiciliation process involves careful planning and compliance with local regulations. Engaging with legal experts is crucial to ensure a smooth transition. Dive into this article authored by our Partner Ziad Chebli to explore the UAE’s advantages and the key steps for a successful transition. #ReDomiciliation #UAE #CorporateMigration #TaxEfficiency #HASlawfirm

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The enactment of Federal Decree-Law No. 47 of 2022 has significantly reshaped the UAE's corporate tax landscape. Explore the key requirements for Freezone entities to qualify as "Qualifying Free Zone Persons" (QFZPs).

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The UAE’s economic growth impact is setting the stage for a transformative future across key sectors. James Mathew, CEO & Managing Partner, UHY James - Audit l Tax l Advisory l Risk l Technology shares his insights on how real estate, tourism, and investment are thriving amidst this dynamic expansion. #FinanceWorld #FinanceWorldMagazine #UAEGrowth #EconomicImpact #RealEstateTrends #TourismBoom #InvestmentOpportunities #UAE #EconomicExpansion #sectortransformation

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A must read report prepared by Michael Hasbani and our Markets team on FDI insights in the GCC. The region continues to provide great potential and opportunity for many foreign investors thus further fueling interest in the GCC as a promising stable market providing decent returns. #EYMENA #GCC #FDI

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We just found out one of our top Clients does not qualify for 0% corporate tax benefit under qualifying person category Long story short - As per FTA: “please contact your respective free zone and confirm if they are a designated zone or not.” As per license: “License from Dubai South, DWC under Dubai Aviation City Corporation” As per DWC: “they confirmed that Dubai Aviation City Corporation is the only designated zone in Dubai south currently” We looked it up also (old but relevant) - https://lnkd.in/dq2FAHeA What is the twist then? We double checked our address in DACC and our office is in A5 building which is constructed / situated outside the cage of DACC which means our business is outside designated zone Though the license is issued by a designated zone but physically office is not caged as per them to be eligible as a qualifying person What does this mean? It means we cannot benefit from the qualifying person status nor qualifying activities enlisted below What happens now? We need to brainstorm with the shareholders and stakeholders to tax plan for $1.2 Mn to $1.7 Mn (provisional CT) #work #learnings #corporate #tax #UAE #DACC #accounting #consulting

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Deconstructing the rise of BNPL in the region, senior partner at Global Ventures, Said Murad highlights that over 55% of the population is under 30, making these services particularly appealing to a tech-savvy, younger demographic. Murad emphasizes that #BNPL plays a crucial role in fostering financial inclusion by offering an interest-free payment solution that caters to individuals without access to traditional banking. According to Murad, BNPL serves as an accessible and affordable credit avenue, proving to be commercially competitive and consumer-friendly. Sandeep Ganediwalla, partner at Redseer, adds that BNPL not only provides convenience and transparency but also empowers consumers to better manage their expenses. #BNPL #Finance #FinancialInclusion #Tech #Payments #Credit #Transparency #Convenience #Saudi #UAE #Dubai #Riyadh #SaudiArabia #KSA

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UAE Investment Funds and Investment Managers Guide 2024. As the investment sector continues to grow in the UAE, this guide is an essential tool for businesses and investors looking to navigate the new tax landscape  Unlock the potential of your investments with expert knowledge! Learn more at https://lnkd.in/dZZ9gyN4 #UAE #InvestmentFunds #TaxExemptions #InvestmentManagers #CITGuide #NRDoshi

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Women chair audit committees - often considered the ‘senior’ committee of a board - at 13.3 percent of listed companies in the UAE, a new report from Heriot-Watt University, Dubai Campus and Grant Thornton - UAE shows. The report also showed that five accounting companies dominate the auditing landscape for listed companies in the UAE: Ernst & Young (auditing 36 companies), Deloitte & Touche (34), Grant Thornton (33), Pricewaterhouse Cooper (21) and KPMG (20). Hisham Farouk, CEO of Grant Thornton, says it is imperative to “keep gender diversity at leadership levels on the national business agenda”. Najla Al-Midfa, chair of the audit committee at United Arab Bank, says the milestone figure underscores “our nation’s commitment to advancing gender diversity and inclusivity in corporate governance”, and that women chairing audit committees are “championing rigorous risk management and ESG priorities, driving investor trust and confidence”. Read the full story: https://hubs.li/Q02Z1NYN0 #corporategovernance #sdg5 #womenonboards #uaesdg5 #uaewomenempowerment

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Major changes to the UAE’s Value Added Tax (VAT) rules took effect on Nov. 15, with fund managers and virtual asset traders facing the biggest impact. Find out more: https://zurl.co/PcUFM

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Abu Dhabi stands out as the wealthiest city for sovereign wealth fund (SWF) assets due to its strategic diversification approach. - Abu Dhabi's wealth is distributed across multiple SWFs, unlike Norway’s singular fund model. - This multi-entity setup mitigates risks and boosts adaptability in global markets. - SWFs concentrated in key cities shape investment trends and geopolitical dynamics. - Increasing international partnerships by these funds encourage collaborative growth and innovation. In conclusion, Abu Dhabi's strategic diversification cements its role as a key player in global finance. #abudhabi #investmentstrategy #globalfinance #financialhubs

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It would help if you were not struggling with Corporate Tax Picture this: you're running a growing business, but tax compliance drains your time and resources. Every delay or mistake leaves you anxious about potential penalties and costly financial hits. With the UAE’s evolving tax landscape, the pressure is real—one error can have long-term consequences, hurting your company’s growth and reputation. Our Corporate Tax Service ensures you’re always ahead of the curve. No complex adjustments or panic on how to optimize your tax structure. We understand, simplify, and minimize your tax burden. This only means you can focus on growing your business. Book Your Free Consultation Now - https://rb.gy/dp7brg Connect with us at: www.corporategroup.me info@corporategroup.me +971 4 565 6680 #CGME #CorporateGroup #CorporateTaxUAE #TaxConsulting #UAECompliance #TaxAdvisory #BusinessTaxPlanning #CorporateTaxSolutions #TaxExperts #TaxOptimization #TaxRegulations #BusinessGrowth   #FinancialPlanning #AuditAndTax #BusinessConsultancy #SMEsupport #BusinessSolutions

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The second half of this year promises more growth, with qualitative leaps and exceptional accomplishments on the horizon. Despite global economic uncertainties, the stable investment and economic environment are paving the way for continued prosperity. In 2024, the UAE is expected to build on the successes of the previous year, with positive growth rates forecasted across various macroeconomic indicators. Notably, the GDP surged to Dh1.68 trillion in 2023, marking a solid 3.6% increase. #UAE #Economy #Growth #Investment #Prosperity #GDP #EconomicIndicators

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Khaleej Times has launched a new initiative to offer readers expert insights about the impact of VAT and Corporate Tax on UAE’s businesses. Being an expert, associated with “Khaleej Times”, please find my comments where businesses are engaged in buying and selling second-hand goods in the UAE. I have addressed, is it possible for the businesses to pay VAT on the net margin to the FTA to remain competitive in the market, or they are required to apply VAT on the gross sales price? If they are permitted to apply VAT on the net margin for second-hand goods, then: •⁠ ⁠On which goods they can apply the profit margin scheme? •⁠ ⁠What are the preliminary conditions to apply the profit margin? •⁠ ⁠How can they comply with and report the numbers in their VAT return? https://lnkd.in/dahgEP5x #VAT #profitmarginscheme #uae #fta

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Free Up Your Time, Focus on What Matters! 🇦🇪 #UAEEntrepreneurs At Crevaty, our experienced and qualified team of accountants in the UAE handle all your accounting needs, including tax matters. Imagine: No more late nights spent on bookkeeping. No more scrambling to understand complex tax regulations. More time to focus on running and growing your business! Let Crevaty take care of the numbers, so you can take care of your dreams. Get a free consultation today and see how we can help! #CrevatySavesYou #AccountingMadeEasy #PeaceOfMind

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H.E. Badr Jafar, CEO of Crescent Enterprises and Special Envoy for Business & Philanthropy and Philanthropy, UAE, underscored the pivotal role alternative investments can play in addressing the Usual to achieve the 2030 Sustainable Development Goals (SDGs). He called for a multi-stakeholder approach to leverage the over $100 trillion in assets under management across sovereign wealth funds, pensions, insurance, and family offices, encouraging private investors, governments, and civil society to collaborate in unlocking these opportunities. An estimate of approximately $4 trillion needed. #aimsummitdubai #alternativeinvestment

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