Srinivas Achar

Tax Insight | Structuring Ownership of the Family Business and Private Wealth Legislative developments in the UAE, including the Federal Law on Family Businesses, continue to strengthen the country’s framework for wealth preservation, asset protection, and succession planning. Given the vital contribution of family businesses to the UAE economy, ensuring their stability, continuity, and sustainable governance is essential for long-term economic resilience. The UAE’s evolving regulatory landscape presents significant opportunities for families to formalise ownership & governance structures, supporting smooth intergenerational wealth transfer & effective succession planning. Our latest Alert explores how family businesses can leverage the regulatory platform to formalise the ownership and management of family enterprises and personal wealth in a tax-efficient and sustainable manner. #DET #UAE #Dubai #D33 #CorporateTax #FamilyBusiness #WealthManagement #SuccessionPlanning #Tax #Governance #PrivateWealth #Sustainability #TaxPolicy #Finance

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🚨 Oman Becomes First GCC Country to Introduce Personal Income Tax – Effective 2028 🇴🇲 Big shift in the GCC tax landscape! Oman will implement a 5% income tax on individuals earning above OMR 42,000 (~USD 109,000) annually, starting 2028. This marks a strategic move under Oman Vision 2040 to diversify revenue beyond oil. ✅ Applies to top 1% income earners ✅ Covers both locals and expats ✅ Deductions allowed (education, housing, zakat, etc.) ✅ No other GCC country has implemented personal income tax yet Is this the beginning of broader tax reforms across the Gulf? #Payroll #GCC #TaxUpdate #Oman #IncomeTax #GlobalCompliance #PayrollProfessionals #GCCPayroll #Vision2040

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Hearing below questions a lot every second day when Corporate Tax Filing is going on across UAE. While MNCs, large family businesses and even medium enterprises are not asking these questions; small and micro enterprises have been asking these questions vocally…👇👇 Who should prepare Financial Statements under UAE Corporate Tax Regime? Do Small Businesses have been provided relief from preparation of Financial Statements? Does Law has any provision relating to this. If no, why we should prepare financial statements? So, for small and micro enterprises at large, here is a small video to help them to understand and address the questions…😃😃 #sme #smallbusiness #uaect #ctfiling

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Key Takeaways from Last Tax Tuesday’s Session UAE Corporate Tax & Realization Basis 1. Tax isn’t just about numbers, It’s about when gains are recognized. 2. The realization basis means no tax on: a. Asset value changes until sold. b. Debts until settled. c. Losses until confirmed. 3. There are 2 election options: a. Election A – Covers all assets/liabilities (fair value or impairment). b. Election B – Applies only to capital assets (mandatory for financial institutions). 4. The choice is strategic and binding, impacting: a. Cash flow – Avoid premature tax outflows. b. Financial reporting – Align tax with economic reality. c. Long-term efficiency – Defer tax liabilities strategically. → The key question: How will this impact your financial strategy? P.S The YouTube link in the first comment Aliasgar Poonawalla JRB Chartered Accountants Salman Rafique TaxOasis Tax Star Rayhan Aleem

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Avoid this common mistake! Selecting a business activity that does not match your license can delay your VAT registration. Select the closest available match. #VAT #UAETAX #UAETAXES #Common_Mistakes #FTA

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Guidelines for interest Deduction rules New FTA Guide Alert: Interest Deduction Limitation Rules in the UAE If your business takes loans, pays interest, or engages in intra-group funding—you need to read this!!! 🔍 What’s inside: -What counts as "Interest" under UAE Corporate Tax -When interest is non-deductible—especially for dividends & capital returns -GILR cap: 30% of EBITDA or AED 12M threshold -Grandfathering rules for pre-Dec 2022 debt - Full exemption for infrastructure & regulated banks 🧮 Time to re-evaluate your finance structure and compliance risks. #UAETax #CorporateTax #InterestDeduction #TaxCompliance #UAEFTA #TaxPlanning #UAEFinance #BusinessStrategy #AccountingUAE #TaxLaw2025

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