Tax Group in Corporate Tax Law

In the realm of Corporate Tax Law in the United Arab Emirates (UAE) for the year 2023, a Tax Group refers to a collective of companies that are regarded as a unified entity for taxation purposes. This entails the amalgamation of profits and losses from all constituent companies within the group, subject to taxation as a single consolidated amount.

 

To qualify as a Tax Group, the participating companies must satisfy the following conditions

The advantages of establishing a Tax Group include:

The disadvantages of forming a Tax Group encompass:

The decision to create a Tax Group should be carefully evaluated on a case-by-case basis. It is advisable to consult with a tax advisor to determine if establishing a Tax Group aligns with your business objectives.

 

Some additional considerations pertaining to Tax Groups in the context of UAE Corporate Tax Law for 2023:

The decision to create a Tax Group should be carefully evaluated on a case-by-case basis. It is advisable to consult with a tax advisor to determine if establishing a Tax Group aligns with your business objectives.