CA.Muhammed Farseen’s Post

Dreaming of tax-free income and asset confidentiality? Doing business in Dubai is your best solution! UAE legislation provides unique tools for tax optimization and international business operations. This is available for both companies and individuals. Advantages of UAE tax residency for businesses: - Guarantee of confidentiality for your accounts in banks and financial institutions within and outside the UAE - Income from global sources distributed among shareholders is exempt from taxation in UAE - Using tax residency status to meet the Economic Substance Regulations (ESR) requirements in the Emirates - Application of reduced tax rates on income thanks to agreements between the UAE and other countries - Profits from international activities of legal entities and individuals are not taxed in UAE and can be freely transferred from accounts - Ensuring confidentiality of data on real estate and asset ownership using legal instruments of United Arab Emirates Become a UAE tax resident and enjoy global benefits without extra tax consequences.

🌍 What is Pillar 2, and Why is it Important for the UAE? Difference between Pillar1 & Pillar 2 ▶️ What is Pillar 2? 👉 It is a part of the OECD’s BEPS 2.0 framework. 👉 It introduces a Global Minimum Tax (GMT) of 15% for multinational enterprises (MNEs) with consolidated revenues over EUR 750 million. 👉 Its goal is to ensure MNEs pay a minimum level of tax globally, regardless of jurisdiction. ▶️ Why is Pillar 2 important to the UAE? 👉 Aligns with Global Standards: Builds credibility and compliance with international tax norms. 👉 Attracts Foreign Investment: Adherence to Pillar 2 makes the UAE a trusted investment hub. 👉 Prevents Unilateral Measures: Reduces risks of other countries imposing additional taxes on UAE-based entities. 👉 Supports Economic Diversification: Encourages global integration as the UAE diversifies from oil dependency. 👉 Ensures Fair Taxation: Limits profit shifting to the UAE solely for tax advantages. ⚖️Pillar 1 focuses on profit distribution among countries, while Pillar 2 ensures global minimum taxation, together aiming to create a fairer and more transparent international tax system. 💡 What are your thoughts on this development? Let's discuss in the comments! #UAE #CorporateTax #GlobalMinimumTax #BEPS #TaxCompliance #OECD

The UAE has introduced new tax and administrative relief measures for local businesses, foreign partnerships, and family foundations. Key changes include: 1. Unincorporated Partnerships: No longer required to notify the Federal Tax Authority (FTA) within 20 days of structural changes. 2. Foreign Partnerships: Classified as 'tax transparent' if holding that status in their home country, simplifying compliance for individual partners. 3. Family Foundations: Legal entities within can now request 'tax transparent' status, aligning with UAE corporate tax benefits. Younis Haji AlKhoori, Undersecretary at the Ministry of Finance, highlighted these changes as part of efforts to ease compliance and bolster the UAE’s appeal as a global business hub. For more info- ☎️ +971501843166 📧 [email protected] 🌐 www.allianceca.ae . . . #alliance #ca #dubai #audits #businessadvisors #dubaibusiness #UAE #entrepreneurship #businessgrowth

The Corporate Tax regime is reshaping the UAE economy. While it can pose challenges, it also opens up opportunities for businesses to enhance their operations, financial transparency, and global competitiveness. From precise tax provision calculations to transfer pricing compliance, revenue recognition, and financial reporting alignment with international standards, MBG can help you with your regulatory needs to thrive in the UAE’s economic development. https://lnkd.in/dWeg-SUy #mbg #uae #riskadvisory #auditfirms #compliance 

The Ministry of Finance in the UAE is actively soliciting corporate input regarding the introduction of a global minimum tax (GMT) nationwide. This inclusive consultation welcomes feedback from all stakeholders, particularly multinational entities, their advisors, service providers, and investors. The objective is to collect insights on diverse areas, including domestic implementation challenges, strategies for minimizing compliance costs, and policy considerations for potential adoption.

New Publication by the UAE Federal Tax Authority FTA : Corporate Tax Guide for Investment Funds & Managers. This document is a corporate tax guide for investment funds and investment managers in the United Arab Emirates (UAE). It provides an overview of what investment funds and investment managers are, the corporate tax treatment of these entities, and the conditions for being a qualifying investment fund. It explains how income from a qualifying investment fund is allocated to investors, including exemptions for certain types of income. The guide also covers other corporate tax provisions applicable to investment funds, such as treatment of distributions and impact on qualifying group status. Investors in a qualifying invesment fund who are taxable persons include their proportional share of net income available for distribution in their own income. However, exemptions apply to certain types o f income such as dividend income from resident persons or participating interests that meet specific conditions. If entities within a Qualifying Group cease to be members within two years after transferring assets or liabilities within the group, they may trigger clawback provisions where transfers will be treated as having taken place at market value for determining taxable incom e during relevant periods. Read more in the guide, and feel free to contact us for any question +97143231738 | +971 54 327 8971 | +971 52 368 5021 | [email protected]| amaudit.ae #AMAudit #UAE #FTA #UAEFTA #UAETax #UAEinvestment #UAEsaving #MiddleEastFinance #CorporateTax #TaxGuide #InvestmentFunds #InvestmentManagement

Global businesses are in a constant hunt for favorable jurisdictions. Some need benefits for startups, while others might seek political stability and a certain macroeconomic environment. But taxation challenges remain the most common reason to relocate the business, with the UAE being a popular choice thanks to its attractive tax legislation. However, it's important to clarify some common misconceptions about UAE tax regulations: • UAE Is Not Tax-Free: Contrary to popular belief, the UAE introduced a 5% VAT in 2018¹, and from July 1, 2023, most companies are subject to a 9% corporate income tax². • Free Zones Offer Specific Exemptions: Certain companies, such as those trading in metals and energy resources on licensed commodity exchanges or involved in leasing aircraft and marine vessels, can benefit from tax exemptions in designated free zones. However, industries like banking and financial services are generally not eligible for these exemptions. Each business case needs careful evaluation. • Conditions for Tax Exemption: To benefit from a tax-free status, companies must meet specific criteria³. Failure to comply could result in a 9% tax on income exceeding Dh375,000, including qualified income, and the loss of zero-tax eligibility for five years. To navigate these complexities and make informed decisions, we strongly recommend consulting with experts. The Octagon team is here to assist you in choosing the best strategy tailored to your business needs. Read more: ¹ — https://lnkd.in/daHTXNy9 ² — https://lnkd.in/dy_gX9Rj ³ — https://lnkd.in/dm4iEu8H #FamilyOffice #CapitalMarkets #AssetManagement #FOAS #TaxesRegulation #UAE

𝗕𝗶𝗴 𝗡𝗲𝘄𝘀 𝗳𝗼𝗿 𝗨𝗔𝗘 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀: 𝗗𝗼𝘂𝗯𝗹𝗲 𝗧𝗮𝘅𝗮𝘁𝗶𝗼𝗻 𝗔𝘃𝗼𝗶𝗱𝗮𝗻𝗰𝗲 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁𝘀 𝗦𝗶𝗴𝗻𝗲𝗱! The Ministry of Finance just signed agreements with Kuwait, Bahrain, Egypt & and the World Bank to: ➡️ Reduce tax burdens, Avoid being taxed twice on the same income. ➡️Encourage cross-border trade and investment, creating exciting possibilities for expansion. ➡️Streamline tax compliance with Clearer regulations 𝗛𝗼𝘄 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗶𝗺𝗽𝗮𝗰𝘁 𝗬𝗢𝗨? If you're a UAE business operating in these countries, these agreements can 𝘀𝗶𝗺𝗽𝗹𝗶𝗳𝘆 𝘆𝗼𝘂𝗿 𝘁𝗮𝘅 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 and 𝗼𝗽𝗲𝗻 𝗻𝗲𝘄 𝗱𝗼𝗼𝗿𝘀 𝗳𝗼𝗿 𝗲𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻. That's where TMG. (Taxmantra Global) comes in! We're experts in helping UAE businesses 𝗻𝗮𝘃𝗶𝗴𝗮𝘁𝗲 𝘁𝗵𝗲 𝗲𝘃𝗲𝗿-𝗰𝗵𝗮𝗻𝗴𝗶𝗻𝗴 𝘁𝗮𝘅 𝗹𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲, ensuring you 𝘀𝘁𝗮𝘆 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝘁 𝗮𝗻𝗱 𝗺𝗮𝘅𝗶𝗺𝗶𝘇𝗲 𝘆𝗼𝘂𝗿 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀. Don't let tax complexities hinder your growth! Contact TMG today - https://lnkd.in/g8R6EMSn #uaestartups #uaecorporatetax #uaetax

𝐔𝐀𝐄 𝐓𝐚𝐱 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐜𝐲 𝐚𝐧𝐝 𝐓𝐑𝐂: 𝐌𝐨𝐯𝐢𝐧𝐠 𝐅𝐨𝐫𝐰𝐚𝐫𝐝 𝐟𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 As the UAE continues to strengthen its position as a global hub for businesses and expatriates, understanding the benefits of securing a 𝐓𝐚𝐱 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐜𝐲 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐞 (𝐓𝐑𝐂) has become crucial for companies and individuals alike. The UAE offers unique advantages, such as access to Double Taxation Agreements (𝐃𝐓𝐀), providing businesses relief from double taxation and allowing them to maximize their financial strategies globally. Whether you're a startup, an established company, or a high-net-worth individual, obtaining a TRC can significantly reduce tax exposure and enhance your global operations. 𝐀𝐭 𝐓𝐚𝐱𝐟𝐲 𝐋.𝐋.𝐂., we specialize in guiding businesses through the process of securing a TRC, ensuring compliance with the UAE’s tax regulations, and helping you unlock the benefits of this strategic jurisdiction. Our team’s expertise allows us to handle all aspects of the application efficiently, empowering you to stay ahead in today’s competitive business environment. Ready to leverage the UAE's tax advantages? Reach out to us today for tailored advice and seamless support! CA Priyanka Garg Khalid Alsharqawy TAXFY FOR TAXATION AND ACCOUNTING LLC Federal Tax Authority #UAE #TaxResidency #TRC #GlobalBusiness #TaxOptimization #DoubleTaxation

The United Arab Emirates (UAE) is poised to introduce a minimum top-up tax (DMTT) of 15 percent on large multinational enterprises (MNEs) operating in the country. This will be implemented on or after January 1, 2025, aiming to establish a fair and transparent system in line with global standards. According to the Ministry of Finance, the DMTT will be imposed on MNEs with consolidated global revenue of 750 million euros or more in two out of four preceding financial years. 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐨𝐮𝐭𝐜𝐨𝐦𝐞𝐬: ✅ Some companies may consider relocating their operations to other jurisdictions with lower tax rates, although the UAE's strong business environment and infrastructure may mitigate this risk. ✅ The new tax will generate significant additional revenue for the UAE government, which can be used to fund public services and infrastructure projects. ✅ The UAE's adoption of a global minimum tax rate aligns it with international standards, enhancing its reputation as a responsible and transparent business hub. Overall, the impact of the 15% corporate tax on large multinational entities in the UAE is likely to be mixed. While it may increase the cost of doing business in the country, the potential benefits in terms of government revenue and enhanced global standing could outweigh the negative consequences. #UAEtax #corporatetax #taxplanning