Recent Developments in Dubai Business Tax Group Legislation
The residents who elected to be classified as a single taxable company for the purposes of UAE Corporate Tax are tied to one another through a common ownership and control structure known as a Tax Group. A legal entity having an effective management location in the United Arab Emirates or one that is registered with the state is referred to as a resident person. With the Parent Company serving as the group's representative member and managing compliance responsibilities, a Tax Group functions as a cohesive entity. Both the Parent Company and the Subsidiary are liable for the tax due jointly…