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EB

ONLINE

1st ed.

Amsterdam : IBFD Publications USA, Incorporated, 2021

1 online resource (461 pages)

ISBN 9789087227364 (electronic bk.)

ISBN 9789087227357

Print version: Hull, Howard R. UAE International Tax Amsterdam : IBFD Publications USA, Incorporated,c2021 ISBN 9789087227357

Cover -- Title -- Copyright -- Acknowledgements -- Foreword -- Table of Contents -- Introduction -- Part 1: UAE Tax Overview -- Chapter 1: Tax Jurisdictions -- 1.1. Introduction -- 1.2. Federal -- 1.3. Emirates -- 1.4. Free zones -- Chapter 2: Direct Tax -- 2.1. Introduction -- 2.2. Corporate tax -- 2.3. Personal tax -- Chapter 3: Indirect Tax -- 3.1. Introduction -- 3.2. Value added tax -- 3.2.1. Scope -- 3.2.2. Registration -- 3.2.2.1. Mandatory registration -- 3.2.2.2. Voluntary registration -- 3.2.2.3. Group registration -- 3.2.3. Types of supply -- 3.2.3.1. Standard-rated supplies -- 3.2.3.2. Zero-rated supplies -- 3.2.3.3. Exempt supplies -- 3.2.3.4. Out-of-scope supplies -- 3.2.3.5. Deemed supplies -- 3.2.3.6. Profit margin supplies -- 3.2.4. Place, date and value of supplies -- 3.2.5. Output VAT -- 3.2.5.1. Goods -- 3.2.5.2. Services -- 3.2.5.3. Price display -- 3.2.5.4. Tax invoices -- 3.2.6. Input VAT -- 3.2.6.1. Input tax recovery -- 3.2.6.2. Blocked input tax -- 3.2.6.3. Timing of recovery -- 3.2.6.4. Input tax apportionment -- 3.2.7. VAT refunds -- 3.2.7.1. Government entities and charities -- 3.2.7.2. New residences -- 3.2.7.3. Business visitors -- 3.2.7.4. Tourists -- 3.2.7.5. Exhibitions and conferences -- 3.2.8. VAT reporting -- 3.2.8.1. Filing and payment -- 3.2.8.2. Voluntary disclosures -- 3.2.8.3. Record keeping -- 3.3. Customs duty -- 3.3.1. Importer of record -- 3.3.2. Tariff classification -- 3.3.3. Rules of origin -- 3.3.4. Valuation of goods -- 3.3.5. Suspension regimes -- 3.3.5.1. Goods in transit256 -- 3.3.5.2. Customs warehouses -- 3.3.5.3. Free zones and tax-free shops -- 3.3.5.4. Temporary admission -- 3.3.5.5. Import for re-export -- 3.3.6. Exemptions -- 3.3.7. Reimportation -- 3.4. Excise tax -- 3.4.1. Excise goods -- 3.4.2. Taxpayers -- 3.4.3. Rates -- 3.4.4. Digital tax stamps -- 3.4.5. Filing and payment.

20.1. Introduction -- 20.2. Request by taxpayers -- 20.3. Request by competent authorities -- 20.4. Arbitration procedure -- Part 3: International Value Added Tax -- Chapter 21: VAT Framework -- 21.1. VAT framework -- Chapter 22: International Goods -- 22.1. Introduction -- 22.2. International imports -- 22.2.1. General principles -- 22.2.1.1. Scope -- 22.2.1.2. Registration requirements -- 22.2.1.3. Place of import -- 22.2.1.4. Taxable base -- 22.2.1.5. Date of import -- 22.2.2. Chargeable events -- 22.2.2.1. Point of entry -- 22.2.2.2. Import VAT deferral -- 22.2.3. Designated zones -- 22.2.3.1. Importation to a designated zone -- 22.2.3.2. Designated zone to mainland United Arab Emirates -- 22.2.3.3. Designated zone to VAT suspension -- 22.2.3.4. Consumption within a designated zone -- 22.2.3.5. Designated zone to designated zone -- 22.2.4. Suspension regimes -- 22.2.5. Exemptions -- 22.2.5.1. VAT exemptions and zero rating -- 22.2.5.2. Customs exemptions -- 22.2.5.3. Personal effects -- 22.2.5.4. Special needs -- 22.2.6. Re-importation -- 22.3. International exports -- 22.3.1. General principles -- 22.3.2. Designated zones -- 22.3.2.1. Mainland United Arab Emirates to designated zone -- 22.3.2.2. VAT suspension to designated zone -- 22.3.2.3. Designated zone to rest of the world -- 22.3.3. Suspension regimes -- 22.3.4. VAT refunds -- 22.3.4.1. Foreign businesses -- 22.3.4.2. Tourist visitors -- 22.3.4.3. Government bodies -- 22.4. Intra-GCC transactions -- 22.4.1. Introduction -- 22.4.2. Business-to-business (B2B) supplies -- 22.4.2.1. Without transport -- 22.4.2.2. With transport -- 22.4.3. Business-to-consumer (B2C) supplies (distance selling) -- 22.4.3.1. Without transport -- 22.4.3.2. With transport -- 22.4.4. Intra-GCC transfers (B2Me) -- 22.4.5. Consumer-to-consumer (C2C) and self-supplies by consumers (C2Me).

9.3.2. Beneficial ownership -- 9.3.3. Treaty abuse -- 9.3.4. Extraterritoriality -- 9.4. Procedural considerations -- Chapter 10: Interest -- 10.1. Interest -- Chapter 11: Royalties -- 11.1. Royalties -- Chapter 12: Capital Gains -- 12.1. Capital gains -- Chapter 13: Personal Services -- 13.1. Independent personal services -- 13.2. Dependent personal services -- 13.2.1. General rules -- 13.2.2. Short-term employment (international transfers) -- 13.2.3. Employment in international transport -- 13.3. Directors’ fees -- 13.4. Artistes and sportsmen -- 13.5. Government service and members of diplomatic missions and consular posts -- 13.6. Students -- Chapter 14 Pensions -- 14.1. Pensions -- Chapter 15: Other Income -- 15.1. Other income -- Chapter 16: Capital -- 16.1. Capital -- Chapter 17: Double Taxation Relief -- 17.1. Introduction -- 17.2. Double taxation defined -- 17.3. Relief from concurrent full tax liability -- 17.4. Relief from concurrent limited tax liability -- 17.5. Relief from concurrent full and limited tax liability -- 17.5.1. Deduction method -- 17.5.2. Exemption method -- 17.5.3. Credit method -- 17.5.4. UAE tax treaties -- Chapter 18: Anti-Abuse Provisions -- 18.1. Introduction -- 18.2. International developments -- 18.3. Tax evasion or avoidance -- 18.4. Anti-abuse provisions -- 18.4.1. Limitation on benefits -- 18.4.1.1. Publicly traded test -- 18.4.1.2. Ownership and base erosion test -- 18.4.1.3. Active business test -- 18.4.1.4. Derivative benefits test -- 18.4.1.5. Discretionary relief -- 18.4.2. Principal purpose test -- 18.5. Tax policy considerations -- Chapter 19: Non-Discrimination -- 19.1. Introduction -- 19.2. Scope of application -- 19.3. Unlawful discrimination -- 19.3.1. Discrimination on the grounds of nationality -- 19.3.2. Discrimination against businesses -- Chapter 20: Mutual Agreement Procedure.

Part 2: International Tax Treaties -- Chapter 4: Treaty Framework -- 4.1. Introduction -- 4.2. Sources of treaty law -- 4.3. Interpretation of tax treaties -- 4.4. Interaction between treaty law and domestic law -- Chapter 5: Scope of Tax Treaties -- 5.1. Introduction -- 5.2. Taxes covered -- 5.3. Period of time covered -- 5.4. Territory covered -- 5.5. Persons covered -- 5.5.1. Residents -- 5.5.2. OECD Model definition -- 5.5.2.1. Context, object and purpose -- 5.5.2.2. Domestic law reference -- 5.5.2.3. Terms of the treaty -- 5.5.3. UAE treaty definitions -- 5.5.3.1. Individuals -- 5.5.3.2. Government bodies and institutions -- 5.5.3.3. Companies and other legal entities -- 5.5.3.4. Trusts, charities and foundations -- 5.5.3.5. Pension schemes -- 5.5.3.6. Collective investment vehicles and real estate investment trusts -- Chapter 6: Immovable Property -- 6.1. Principles of taxation -- 6.2. Allocation of income -- Chapter 7: Business Profits -- 7.1. Principles of taxation -- 7.1.1. General principle -- 7.1.2. International traffic -- 7.2. Permanent establishments defined -- 7.2.1. Legal basis -- 7.2.2. Fixed place of business -- 7.2.3. Representatives -- 7.2.4. Service permanent establishments -- 7.2.5. Subsidiaries -- 7.2.6. The impact of e-commerce -- 7.3. Allocation of profits -- Chapter 8: Transfer Pricing -- 8.1. Introduction -- 8.2. Arm’s length prices -- 8.2.1. Introduction -- 8.2.2. Arm’s length methods -- 8.2.2.1. Traditional transaction methods -- 8.2.2.2. Transactional profit methods -- 8.3. Documentation and compliance -- 8.3.1. Master File -- 8.3.2. Local File -- 8.3.3. Country-by-country reporting -- 8.4. Consequences of inappropriate transfer pricing practices -- Chapter 9: Dividends -- 9.1. Definition -- 9.2. Taxation in the beneficiary state -- 9.3. Taxation in the source state -- 9.3.1. Limited tax liability.

25.5. Notifications.

Chapter 23: International Services -- 23.1. Introduction -- 23.2. Place-of-supply rules -- 23.2.1. General rules -- 23.2.1.1. Customer status -- 23.2.1.2. Place(s) of residence -- 23.2.2. Special rules -- 23.2.2.1. Leasing means of transport -- 23.2.2.2. International transportation -- 23.2.2.3. Real estate-related services -- 23.2.2.4. Wired and wireless telecommunication and electronic services -- 23.2.2.5. Restaurant, hotel and catering services -- 23.2.2.6. Cultural, artistic, sport, educational and recreational services -- 23.2.2.7. Transport of goods-related services -- 23.3. Designated zone services -- 23.4. Inbound services -- 23.4.1. Registered international suppliers -- 23.4.2. Non-registered international suppliers -- 23.5. Outbound services -- 23.5.1. Zero-rating -- 23.5.2. Qualifying conditions -- 23.5.2.1. Place of the customer -- 23.5.2.2. Nature of the services -- 23.5.3. VAT refunds -- 23.5.3.1. Foreign businesses -- 23.5.3.2. Government bodies -- 23.6. Intra-GCC transactions -- 23.6.1. Business-to-business (B2B) supplies -- 23.6.2. Business-to-consumer (B2C) supplies -- 23.6.3. Consumer-to-consumer (C2C) services -- Part 4: Base Erosion and Profit Shifting -- Chapter 24: International Framework -- 24.1. Introduction -- 24.2. BEPS Action Plan -- 24.3. Inclusive Framework on BEPS -- 24.4. Minimum standards -- 24.4.1. Harmful tax practices -- 24.4.2. Prevention of tax treaty abuse -- 24.4.3. Country-by-country reporting -- 24.4.4. Tax treaty dispute resolution -- Chapter 25: Country-by-Country Reporting -- 25.1. Introduction -- 25.2. Scope -- 25.2.1. UAE headquarters -- 25.2.2. Multinational enterprise groups -- 25.2.3. Consolidated revenue threshold -- 25.3. Entities -- 25.3.1. Ultimate parent entity -- 25.3.2. Surrogate parent entity -- 25.3.3. Reporting entity -- 25.3.4. Constituent entities -- 25.4. Reportable periods.

UAEInternational Tax provides an in-depth analysis of the taxation of international cross-border investments involving the United Arab Emirates. Whether the United Arab Emirates is the source or the destination of investments, both domestic and international laws are addressed in detail.The United Arab Emirates has been undergoing a fundamental tax transformation in recent years. Whilst it has successfully maintained its position as a tax-competitive jurisdiction, the country has recently introduced a number of indirect taxes. It has also managed to significantly enhance its tax treaty network, whilst respecting its international commitments with new base erosion and profit shifting measures, as well as new measures to enhance transparency and exchange of information. These have all had a significant effect on international cross-border investments.In addition to examining the United Arab Emirates’ significant network of international tax treaties, UAE International Tax addresses the complex rules for the avoidance of treaty abuse, international VAT law, country-by-country reporting, economic substance regulations, beneficial ownership disclosures, financial account information and other recent developments.UAE International Tax was written in the context of the "Year of the Fiftieth", celebrating 50 years since the formation of the United Arab Emirates..

001905421

express

(Au-PeEL)EBL6805076

(MiAaPQ)EBC6805076

(OCoLC)1285873872