New Corporate Tax in UAE
Credence 3 tips of the day;
Tax Group in Corporate Tax:
1. Parent company and its subsidiaries must be resident juridical persons; no member is Exempt person or QFZP.
2. Parent company holds at least 95% of capital and voting rights in subsidiary, entitled to at least 95% of subsidiary's profit
3. Parent company Prepare consolidate financials of tax group for taxable income.