Tax Groups
This guide (CTGTGR1 of 2024) provides guidance on the taxation of two or more juridical Resident Persons that form a Tax Group, particularly on the following aspects:
- What is a Tax Group;
- Who is eligible to form or be a member of a Tax Group;
- When a Tax Group can be formed and when it ceases to exist;
- How the Taxable Income of a Tax Group is determined; and
- Related compliance requirements.
This guide does not cover the concept of a Qualifying Group for the purposes of Article 26 of the Corporate Tax Law (under which assets and liabilities may be transferred between members of a Qualifying Group on a no gain or loss basis for Corporate Tax purposes), except insofar as this provision interacts with the rules related to Tax Groups.
View the Document: Corporate Tax Guide | CTGTGR1 of 2024
Important Notice
The above extract has been provided for reference only and is based on information available in the public domain at the time of publication, which is subject to change. This does not constitute any form of advice or recommendation and therefore cannot be relied on to cover specific situations. We highly recommend that you consult with a qualified tax advisor in the UAE for personalized guidance based on your specific business circumstances. We accept no duty of care or liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication. Please refer to the following resources for the official and up-to-date information on the UAE Corporate Tax legal framework:- UAE Ministry of Finance: https://mof.gov.ae/tax-legislation/; and
- UAE Federal Tax Authority: https://tax.gov.ae/en/Legislation.aspx