UAE Federal Tax Authority Provides Guidance on Interest Deduction Limitation Rules
The UAE Federal Tax Authority has published a Corporate Tax Guide on Interest Deduction Limitation Rules - CTGIDL1. The guide explains, among other things, that the deduction of interest is subject to various corporate tax provisions, applied in the following order:
1. General principles of deductibility of expenditure
In general, business expenditure is allowed as a deduction while calcul…
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