While Corporate Tax and Transfer Pricing has already been
implemented from 1 June 2023, further amendments and announcements
are expected.
Bilal Asif, Head of Tax & Budget at ArcelorMittal Jubail and
Lokesh Gupta discuss the evolving tax regime and the key aspects to
consider for multinational companies operating in Free Zones as
well as the Mainland. Economic Substance Regulations (ESR) and
Qualifying Income are some of the crucial criteria for businesses
to cope up with the dynamic tax landscape in the UAE.
Lokesh Gupta, Associate Director - Tax & Transfer Pricing,
Nexdigm UAE has more than 12 years of experience in handling
cross-border tax and Transfer Pricing. He has been actively working
with businesses in the UAE on matters relating to Economic
Substance Regulations and setting up Transfer Pricing Policy
documents.
Originally published 26 June 2023.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
