Strohal Legal invites you to a webinar on Tuesday, 24. August 2021, 2 pm GST – Dubai Time (CEST +2). “Expected amendments to the DTA Austria – UAE”What steps to be taken as employer, as employee, as entrepreneur, as shareholder, as property owner. Register via mail to lindle@advocates.cc and state your preferred language.Direct link: https://us02web.zoom.us/j/87626919829?pwd=Vy9FYitaSU1BdkI4dGNYY1NBelBGdz09
Austrian residents will have to pay Austrian tax on UAE income 1. Background The Austrian Finance Minister Gernot Blümel and his UAE counterpart signed a protocol (the “Protocol“) amending several key provisions of the double taxation agreement between Austria and the UAE (the “DTA“). Mr. Blümel stated that “changes to the treaty will prevent income …
Significant changes to the Double Taxation Agreement between Austria and UAE Read More »
Dear Friends and Clients, After delays and some waiting time, the first guideline has been published in Dubai on how to apply for the advantages of the new direct investment rules. Also the first companies have already been established in the UAE mainland with 100% foreign participation. Among them a hotel, kindergartens, primary schools, jewelry …
Dear Friends and Clients, Treaty shopping is a thorn in the side of many European tax authorities. However, as we have already explained in several webinars, a fortunately-set-up legal structure that spans several countries can lead to considerable tax savings. For example, the double taxation treaty between the UAE and Germany is widely inapplicable due …
All those who could not attend our last webinar on “Asset Protection” can now download the presentation or watch the short summary on YouTube. https://youtu.be/NyAwC0ezudM
Under the Economic Substance Regulations (“ESR“) most UAE businesses need to prove to the UAE authorities that they are doing business in the UAE (have an “economic substance”). The ESR were implemented to avoid harmful tax practices within the UAE. As the ESR have substantially changed in August 2020, all UAE businesses should now re-assess …
Do you have an FZ-LLC or an onshore LLC in the UAE? Or maybe even an “International Company” (offshore) that generates profits? You are still taxable in your home country with your international income? Or are you now only subject to limited taxation in your home country? All of this makes a significant difference in …
Anyone living, working, investing and earning income in the United Arab Emirates (UAE) or in other countries far from home would probably be reluctant to pay in their home state – and thus pay double tax on their income. For this reason, many states have concluded double taxation agreements (DTAs) with each other over the …
UAE Double Taxation Treaties About to be Amended Read More »
In October of last year, we wrote an article on how laborious – and often impossible – it is for companies in the UAE to open bank accounts. This article was met with a great response. A little more than half a year later, unfortunately, the situation has not improved; on the contrary, RAKICC, an …
It is not getting better with the banks or the drama with the banks in the UAE part two Read More »
Paying customs twice is burdensome and has also become the subject of complaints to various authorities in the UAE. Frequently, goods were delivered to a free zone, especially as it is connected to a port, and then the goods were to be transferred to another free zone. The Free Zone 1 required already the 5% …