What is a UAE Corporate Tax Group?
Tax Group is a benefit under the UAE Corporate Tax Law which allows two or more resident taxable persons to be treated as a single entity for tax purposes. This means that their income, losses, and tax liabilities are consolidated and reported in a single tax return filed by the parent company.
To form a Tax Group, all members shall meet specific conditions as per Article 40 of the UAE CT Law and submit a joint application to the Federal Tax Authority. This structure offers benefits such as simplified reporting, loss offset, and elimination of intra-group transactions which will potentially reduce the overall tax burden for participating businesses.
Read more about UAE Tax Groups here: https://fame.ae/uae-corporate-tax-group-pros-cons-and-considerations/