The International Tax Services (ITS) team at BDO in India is pleased to bring to you ‘The Global Tax Chronicle’ - A quarterly summary of global tax trends and compliances. Each edition of the chronicle will deliver an international perspective on critical tax developments across the domains of direct & indirect taxation and transfer pricing.
A unique section would spotlight a different country in each edition, elaborating on significant tax regulations in that jurisdiction. The publication will also be supplemented with a compliance calendar highlighting key tax compliances worldwide, from a business perspective.
Edition 11 Country in focus: The UAE
The introduction of the Corporate Tax Law in the UAE and its applicability from 1st June 2023 marks a significant milestone in the country's legal landscape. The implementation of the CT Law demonstrates the UAE's commitment to enhancing transparency, attracting foreign investment, and diversifying its economy. With the introduction of this law, businesses operating in the UAE now have a structured framework and a roadmap as regards their tax obligation in the UAE. For businesses to understand the application and implication of the Corporate Tax Law, the section Country in Focus spotlights pertinent aspects of the law.
This eleventh issue of The Global Tax Chronicle focuses on Secondment Arrangements and the implications thereon under each of the tax laws viz. corporate, indirect taxes, and transfer pricing.