The UAE has long been known for its business-friendly policies and tax-free environment. Following the introduction of VAT back in 2018 and corporate tax being rolled out starting in June 2023, UAE businesses and investors are getting used to the new reality tax is here and its here to stay.
While some industries have had exposure to tax at an emirate level, most UAE businesses had to ensure that their accounting and reporting systems are able to capture the necessary data and produce accurate tax returns to enable them to comply with the reporting requirements.
Tax considerations are essential in a transactional context. In jurisdictions with developed tax regimes, tax implications are a priority when contemplating an M&A transac…
Read the full article at: https://gulfbusiness.com/insights-corporate-tax-mergers-and-acquisitions/