Andre Anthony

Oct 31, 2024 | cms.law | Stephen Hignett |Andre Anthony |Alice Carter

Home / Publications / Autumn Budget 2024 – reforms to UK Inheritance... The Chancellor has announced a series of reforms to the UK Inheritance Tax (“IHT”) regime as part of the Autumn Budget 2024. We have summarised these below.Freeze on IHT nil-rate band and residence nil-rate bandIt was announced that the freeze on the IHT nil-rate... Read more

Oct 21, 2024 | lexology.com | John O'Connor |Andre Anthony |Adelina Frunza |Alice Carter

The UAE introduced the Economic Substance Regulations (“ESR”) on 30 April 2019, as part of its commitment as a member of the Organisation for Economic Co-operation and Development (“OECD”) Inclusive Framework on Base Erosion and Profit Shifting (“BEPS”).

Jun 13, 2023 | lexology.com | Geoff Smith |Andre Anthony

BackgroundThe UAE enacted its Corporate Tax Law (the “CTL”) in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The CTL came into force on 1 June 2023. The main corporate tax rate of 9% applies on income exceeding AED 375,000 (roughly USD 102,000). The CLT provides that the rate of corporate tax which applies to “Qualifying Free Zone Persons” is 0% with respect to qualifying income and 9% on non-qualifying revenue.

Jun 13, 2023 | cms.law | Geoff Smith |Andre Anthony

UAE Corporate Tax Law: When does a non-resident juridical person have a UAE Nexus? 13/06/2023BackgroundThe UAE enacted its Corporate Tax Law (the “CTL”) in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The CTL came into force on 1 June 2023. The main corporate tax rate of 9% applies on income exceeding... Read moreAuthors Geoff SmithPartnerDubaiAndre AnthonySenior AssociateDubai