International Tax & Indirect Tax

International Tax

Indirect Tax

• Double Taxation Agreements (“DTAs”) entry into force:
  • UAE-Zimbabwe
  • UAE-Brazil

• Protocol to DTA signed:
  • UAE-Ukraine

• UAE MoF provides exceptional deadline for Economic Substance (“ES”) Notification and ES Report to 31 January 2021

• UAE MoF updates guidance on ES Regulations

• Public Clarification – Adjustment on Account of Bad Debt Relief

International Tax

Indirect Tax

• DTAs entry into force:
  • UAE-Cameroon
  • UAE-Egypt
  • UAE-Costa Rica

• DTA Signed:
  • UAE-Israel

• Cabinet Decision No. 49 of 2021 – Amending tax penalty regime in the UAE

• Publication of VAT Guide for the automotive sector

• Public Clarifications:
  • VAT registration of “Sole Establishments”
  • Temporary zero-rating of certain medical equipment

International Tax

Indirect Tax

• DTAs entry into force:
  • UAE-Niger
  • UAE-Indonesia

• Protocol to DTA signed:
  • UAE-Austria

• UAE MoF publishes Mutual Agreement Procedure Guidance

• UAE MoF issues a release regarding the UAE’s support to combat BEPS practices

• Federal Decree-Law No. 28 of 2021 – Changes in certain provisions in the Tax Procedural Law

• Introduction of Tax penalty amnesty – applicable for unpaid penalties imposed before 28 June 2021

• Federal Tax Authority Decision No. 3 of 2021 – Implementing the Marking of Tobacco and Tobacco Products Scheme

International Tax

Indirect Tax

• DTAs entry into force:
  • UAE-Israel

• DTAs signed:
  • UAE-DRC
  • UAE-Monaco

• DTA expiry:
  • UAE-Germany

• 137 Countries (including the UAE) agree on the Two-Pillar Solution by the OECD

• Public Clarifications:
  • Goods Supplied in a Designated Zone, and Connected Shipping or Delivery Services
  • Input tax recovery on telecommunication expenses provided to employees

• Publication Reconsideration User Guide