Tax Groups in UAE | 9% Corporate Taxation - Group of Companies | Benefits & Ownership Requirements

Here we will discuss the concept of tax groups in the UAE CT (corporate tax) regime as explained in the consultation document, released by the MOF.

The Bottom Line: The concept of a tax group is essential for companies with multiple licenses in the UAE. Many companies operate as a group of companies as a single unit, having the option to be a tax group not only reduces the compliance cost but also helps reduce the effective tax rate of the company.

To read about it in detail click here - https://www.msiauditors.com/all-you-need-to-know-about-tax-groups-9-uae-ct-public-consultation-document/

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Timestamp
0:00 Introduction to taxation for group of companies
1:24 Who is allowed to form a Tax Group?
2:12 What does it mean to be part of the tax group for CT?
2:45 What are the conditions to transfer losses between Group companies?
3:50 What happens in the case of a merger or acquisition?

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