The UAE has set benchmarks in the global business environment, attracting global brands over the years. In the past, the absence of personal and corporate tax in the UAE made it a lucrative choice for investors. However, the Federal Tax Authority of the UAE has introduced Corporate Tax (CT) through Federal Decree-Law No. 47 of 2022, following which businesses and corporations need to shell out tax. This justifies why forward-thinking businesses are seeking professional support to understand 2024 UAE corporate tax guidelines and ensure compliance.
In this newsletter, let’s explore the prime aspects of the newly introduced corporate tax in the UAE and how it will affect Holding Companies.
What is a Holding Company?
Tax Implications for Holding Companies
Benefitting from Free Zones
Strategic Compliance with Participation Exemptions
Enhancing Economic Substance
Transfer Pricing Best Practices for Holding Companies
Strategic Planning for Long-Term Success
The introduction of Corporate Tax in the UAE presents both challenges and opportunities for Holding Companies. With professional corporate tax advisory in Dubai from experienced teams, Holding Companies can position themselves for long-term success.
The IMC Group continues to be a trusted partner, specializing in corporate tax advisory. Foreign corporates and investors venturing into the UAE can seek personalized assistance and strategic advice tailored to their interests from this proficient group of experts.
