Tax

Why obtaining a tax residency certificate is not sufficient to secure your tax residency

Spain, Tax / By

I. Summary It is a common misconception to assume that when an individual relocates to a new country, obtaining a tax residency certificate issued by the new country of tax residence automatically grants tax non-resident status in any other country, including in the previous country of tax residence. This is far from true. In this […]

Why obtaining a tax residency certificate is not sufficient to secure your tax residency Read More »

Why the UAE is an excellent country to set up a personal holding company

Tax, UAE / By

I. Introduction The United Arab Emirates (“UAE”) has traditionally ranked among the top countries where high net worth and ultra-high net worth individuals relocate. However, since the 2020 pandemic and the rise of remote work, there has also been an influx of entrepreneurs, freelancers and other business minded people. It is common for prosperous individuals

Why the UAE is an excellent country to set up a personal holding company Read More »

Foreign investors and nominee arrangements in Saudi Arabia

Saudi Arabia, Tax / By / ,

I. Introduction Foreign investors seeking to expand their activities and business into the Kingdom of Saudi Arabia (“KSA”) tend to focus on studying the market and the investment opportunities. However, the regulatory requirements are considered a major aspect when investing in the KSA and should be considered as well. A company willing to enter the

Foreign investors and nominee arrangements in Saudi Arabia Read More »

Five key points when being subject to a cross-border tax procedure

Tax, UAE / By

I. Introduction The world is becoming more globalised than ever. There has never been such level of international trade and investment. With international transactions in full upswing, cross-border tax procedures and cooperation between tax authorities are on the rise. In this article we list five key points that companies should consider if they are subject

Five key points when being subject to a cross-border tax procedure Read More »

An overview of the amendments to Zakat in Saudi Arabia

Saudi Arabia, Tax / By

An overview of the amendments to the Zakat Collection Regulations for the year 1445 AH The legislative developments regarding the provisions for collecting zakat follow an accelerated pace, in a consistent manner with the changes in the other laws in the Kingdom of Saudi Arabia, such as the companies and investment laws, accounting standards, tax

An overview of the amendments to Zakat in Saudi Arabia Read More »

Spanish tax on large fortunes and impatriates under the Beckham Law

Spain, Tax / By

Introduction NAX Law secured and important tax ruling from the Spanish General Directorate of Taxation (“GDT”), regarding the interaction between the Spanish tax on large fortunes (“TLF”) and the impatriates regime, also known as Beckham Law. In this article we uncover the details. The impatriates regime Spain introduced the impatriates regime in 2003, at the

Spanish tax on large fortunes and impatriates under the Beckham Law Read More »

Capital gains tax arising from cross border intragroup share transfers – a European and GCC perspective

Tax, UAE / By

Introduction If you are working for a multinational enterprise, it is likely that you have been involved in an intragroup restructuring that includes countries. A common question that arises in these international intragroup restructurings is whether any transfer – of shares or assets – made between entities of the same group should result in any

Capital gains tax arising from cross border intragroup share transfers – a European and GCC perspective Read More »

A closer look into Saudi Arabia’s proposal for a new Income Tax Law

Saudi Arabia, Tax / By / ,

Summary In late 2023, Saudi Arabia’s Zakat, Tax and Customs Authority (“ZATCA”) opened a public consultation to replace the existing Income Tax Law (“ITL”) by a new one. The proposal, which is currently under study, aims to update the ITL, to align it with the most relevant international tax practices and to promote business through

A closer look into Saudi Arabia’s proposal for a new Income Tax Law Read More »

Registration deadlines for UAE corporate tax announced – are you ready?

Tax, UAE / By

Introduction On 27 February 2024, the UAE’s Federal Tax Authority (“FTA”) published its Decision No. 3 of 2024, dated 22 February, regarding the timeline specified for registration of taxable persons for corporate tax for the purposes of Federal Decree-Law No. 47 of 2022 on the taxation of corporations and businesses (the “CT Registration Decision”). The

Registration deadlines for UAE corporate tax announced – are you ready? Read More »

Scroll to Top