Can a group of UAE companies form a Tax Group under UAE corporate tax?

#UAETax #CorporateTax #TaxGroup #TaxLaw #CorporateTaxUAE

In this video, we explore whether a group of UAE companies can form a Tax Group under UAE
corporate tax regulations.

UAE resident companies have the option to establish a Tax Group, qualifying as a unified
Taxable Entity, provided the UAE parent company holds a minimum of 95% of the share capital
and voting rights in each constituent company, meeting all other relevant criteria.

Key points covered:
● Eligibility Criteria: Learn the specific requirements for forming a Tax Group, including
the necessary share capital and voting rights held by the UAE parent company.
● Resident Persons: Understand the classification of companies as Resident Persons
according to the UAE Corporate Tax Law and relevant double tax agreements.
● Exemptions and Restrictions: Find out which companies are ineligible to form a Tax
Group, such as those qualifying as Exempt Persons or benefiting from a zero percent
corporate tax rate.
● Financial Year and Accounting Standards: Discover the importance of adopting the
same Financial Year and utilizing identical accounting standards for all entities involved.

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