In the realm of corporate tax, maintaining adequate substance is a critical requirement for Free Zone Persons (FZPs) to ensure compliance and benefit from favorable tax rates. This article delves into the various aspects of maintaining adequate

Introduction In the seventh instalment of our detailed series on the OECD/G20 Global Anti-Base Erosion (GloBE) Model Rules, we delve into the nuanced aspects of tax neutrality and distribution regimes. This complex segment of the GloBE rules

Introduction Building on our exploration of the Global Anti-Base Erosion (GloBE) Model Rules introduced by the OECD/G20, this article delves into the key definitions and scope that underpin these regulations. Understanding these foundational elements is crucial for

Introduction: A Global Business Dilemma Imagine you’re a business owner expanding globally. You engage a foreign company for vital services—perhaps cloud-based connectivity solutions or hiring an overseas sales agent. You make payments but don’t deduct Tax Deducted