NOTICE FROM THE INTERNATIONAL TAX AUTHORITY UPDATE TO RULES ON ECONOMIC SUBSTANCE
The latest update from the International Tax Authority regarding the Rules on Economic Substance (v4) as of 2 April 2024, has been released.
This particular update focuses on Rule 5, and notably excludes the United Arab Emirates from the list of jurisdictions without a corporate income tax system.
It is very important for entities to carefully consider the financial periods when claiming non-residence status in the United Arab Emirates.
Updated Rules can be found here.
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