OrbitaxOrbitax

UAE Federal Tax Authority Provides Guidance on Interest Deduction Limitation Rules

|Approved Changes|United Arab Emirates
United Arab Emirates

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…

Continue Reading