The UAE Corporate Tax Law is Federal Decree-Law No. 47 of 2022, enacted on October 3, 2022, and becomes effective 15 days after its public publication in the Official Gazette.
Transfer pricing is of crucial importance to corporate taxation. Transfer prices directly impact the distribution of losses and profits for companies that are who are taxed by the corporate tax.
To support the introduction of UAE VAT Registration, the FTA defined the role of Tax Agency to support businesses in fully complying with the Legislation.