The UAE Corporate Tax and Transfer Pricing implementation requires an in-depth analysis apart from correct documentation and compliance with the law. In this recent podcast, experts discus and evaluate critical aspects surrounding the need to form tax groups and other crucial restructuring provisions.

Nishit is a practicing-chartered accountant with over 14 years of experience advising several corporates on matters relating to international tax, regulatory, structuring of inbound and outbound investment. Nishit has also been actively advising clients in structuring investments in the UAE region and working on UAE Corporate Tax and Transfer Pricing Matters. Nishit has authored numerous articles and regularly addresses forums on international tax topics, including UAE Corporate Tax and Transfer Pricing. 

Chirag Chellani has over 10 years of well-rounded experience in Corporate, International, and Indirect Tax areas. Chirag is a group tax manager for a luxury real estate firm in UAE. In his current role, Chirag deals with formulating tax strategies to set up optimal tax structures, evaluating new investments, monitoring tax litigation matters, and identifying potential tax exposures domestically and internationally.

While Corporate Tax and Transfer Pricing has already been implemented from 1 June 2023, further amendments and announcements are expected. 

Bilal Asif, Head of Tax & Budget at ArcelorMittal Jubail and Lokesh Gupta discuss the evolving tax regime and the key aspects to consider for multinational companies operating in Free Zones as well as the Mainland. Economic Substance Regulations (ESR) and Qualifying Income are some of the crucial criteria for businesses to cope up with the dynamic tax landscape in the UAE.

Lokesh Gupta, Associate Director - Tax & Transfer Pricing, Nexdigm UAE has more than 12 years of experience in handling cross-border tax and Transfer Pricing.  He has been actively working with businesses in the UAE on matters relating to Economic Substance Regulations and setting up Transfer Pricing Policy documents.

Along with introducing Corporate Tax Law in the UAE, a comprehensive Transfer Pricing (TP) regime was also introduced broadly in line with OECD TP Guidelines. While TP-related concepts might be a newer landscape for UAE taxpayers, it is essential to navigate this while remaining compliant to the Law.

Lokesh Gupta, Associate Director - Transfer Pricing, Nexdigm has more than 12 years of experience in handling cross-border tax and Transfer Pricing.  He has been actively working with businesses in the UAE on matters relating to Economic Substance Regulations and setting up Transfer Pricing Policy documents.