Examining TNMM in UAE Corporate Tax for Arm’s Length Pricing
The UAE's corporate tax system uses the Transactional Net Margin Method (TNMM) to establish an arm's length price for controlled transactions.
Category: Tax & Business
News
UAE Residents’ Visa-Free Destinations for the 52nd National Day
Over the past five decades, the UAE has transformed itself into a beacon of progress, unity and prosperity, captivating the world with its remarkable achievements.
UAE’s Commitment to Clean Energy at COP28
The Cop28 summit in the UAE happening on 30 November until 12 December 2023 underscores the country's dedication to environmental sustainability and its ambition to shape a cleaner, greener future for generations to come.
New international rules on carrying gold discussed
The Dubai Multi Commodities Centre (DMCC) and the World Gold Council are collaborating to establish international regulations and procedures to address the issue of illicit gold trade through hand-carry luggage.
Recent UAE Corporate Tax update clarifies tax benefits for free zone firms
The UAE Ministry of Finance has recently introduced new corporate tax decisions aimed at offering more clarity for free zone companies on eligible and ineligible activities for tax benefits.
UAE – the 2nd most economically stable country worldwide
The United Arab Emirates (UAE) has been ranked as the world's second most economically stable country. The UAE boasts a per capita GDP on par with leading Western European nations, making it the most competitive economy in the Arab world.
UAE Ends 3-Months Visit Visa
The issuance of 90 days visit visas in the UAE has been discontinued. It has been confirmed by the immigration authorities that three-month visas are no longer available, however visitors can come on 30 or 60 days visas.
You can marry online in the UAE
The Abu Dhabi Judicial Department (ADJD) is introducing a digital service to facilitate marriage in the UAE. This service enables residents to apply for a marriage certificate and complete the procedures online.
Dubai – the global maritime centre
Dubai has solidified its position as a global maritime powerhouse, ranking 5th worldwide on the 2023 International Shipping Centre Development (ISCD) Index for the fourth consecutive year, following Singapore, London, Shanghai and Hong Kong securing the top four spots.
UAE healthcare system – update
The UAE has introduced new laws with heightened penalties for unlicensed health professionals and facilities. The legislation includes private healthcare facility regulations and also regulations pertaining to veterinary medicine.