CFO Working Group - Global Minimum Tax neutralizes tax advantages in the UAE

Presentation by AURIFER, your tax adviser in the Middle East

Presentation by AURIFER, your tax adviser in the Middle East

The grand majority of countries around the world have endorsed amendments to the international tax regimes, aimed at taxing profits in the places where economic activities take place and value is created.

It is the most comprehensive reform of international tax since the Second World War. With legislation aimed to be issued as from 2022 and the changes to be effective as from 2023, it is important that businesses start looking into the matter.

Especially the implementation of a Global Minimum Tax at 15% will heavily impact the UAE. It will effectively neutralize the tax benefits of the UAE as a country, and it may lead the UAE to decide to implement corporate income tax at 15%. On a more complex level, it may bring some benefits as well to the UAE.

During the seminar, we will discuss the international tax aspects of these developments, and have a look at them from the GCC level.

For more information please contact Orsolya Bizouarn,