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Structural details foreign direct Investment Law

Structural Details of Foreign Direct Investment Law

A new Decree Law No. 19 of 2018 has been issued after the announcements made earlier this year on the loosening of domestic ownership restrictions. The new Decree-Law compliments the Federal Law No. (18) of 2017 and amends the Federal Law No. (2) of 2015 on Commercial Companies.
Tax Update Regarding Compensation Payment

Tax Update Regarding Compensation Payment

The Federal Tax Authority (FTA) has clarified about VAT applicable on payments considering the type of compensation, which can structurally look like payments made to pay off for some loss, to clear up a dispute, to pay for a penalty or fine or similar transactions.

OECD Meets Again Regarding Permanent Establishment

A permanent establishment (PE) is a fixed place of business which generally gives rise to income or value added tax liabilities in a particular jurisdiction. The OECD’s Base Erosion and Profit Shifting working group has issued a revised discussion draft on international corporations’ tactics to avoid permanent establishment status. Towards the end of last year, […]