Area Guidance / Impact Initial Recognition Investments in associates or joint ventures are initially recognised at cost. Subsequent Measurement The carrying amount is increased or decreased to reflect the investor’s share of the investee’s profit or loss after... Read More
As businesses move closer to E-invoicing implementation, the need to evaluate VAT positions and compliance frameworks is becoming increasingly critical. As part of this transition, organizations should undertake a comprehensive review of their current VAT position to... Read More
Under the UAE Corporate Tax (CT) Law, income derived from a participating interest is exempt from CT. Consequently, both the income from such participating interest and any related expenses are excluded when calculating taxable income for CT purposes. Outlined below... Read More
The UAE Ministry of Finance (‘the MoF’) recently released comprehensive E-invoicing guidelines, underscoring the Government’s dedicated approach to a standardized and timely implementation of new system. The key aspects of the guidelines are summarized below:... Read More
The UAE Cabinet has introduced a Research & Development (R&D) Tax Credit regime under UAE Corporate Tax (‘CT’) Law framework. This credit can be offset against Qualifying Entity’s CT liability and/or Top-up Tax liability. Effective for tax periods commencing... Read More
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