Sameer Mishra, Special to Gulf News

Articles from the author

What counts as qualifying income in free zones?

A closer look at the 0% corporate tax benefit and how to maintain QFZP status

Free zones in the UAE offer incentives such as full foreign ownership, simplified licensing procedures, state-of-the-art infrastructure, and access to vibrant business ecosystems.

UAE free zones: Why transfer pricing paperwork is key

Rationale behind transfer pricing rules is to prevent profit shifting

Transfer pricing refers to the pricing of transactions between entities that are under common control or ownership.

How logistics services qualify in a free trade zone

Benefit applies even when goods are sold to non-free zone persons, with conditions

According to the UAE Federal Tax Authority (FTA), QFZPs can benefit from the 0% corporate tax rate when selling services or goods to non-free zone persons, as long as they derive qualifying income from qualifying activities

What is the 'Qualifying' rule in UAE free zones?

Businesses need to align supply chains with tax framework to maximise benefits

For distribution income to be considered “qualifying,” the activity must be conducted in or from a designated zone, and any goods entering the UAE must pass through that designated zone.

What is arm’s length principle for UAE’s Free Zones?

Concept ensures transactions between related parties are priced fairly and transparently

The arm’s length principle for UAE Free Trade Zones requires that transactions between related parties be priced as if they occurred between independent companies under similar circumstances.

Tax implications of movement of goods in UAE free zones

Understanding VAT in UAE designated free zones is critical for compliance

Goods moved into, out of, or within UAE designated free zones can fall either inside or outside the scope of VAT, depending on the transaction’s nature.

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