Country Manuals Tax – CM Tax
We would like to inform you that BRP TAX has updated its Country Manual Tax for the following jurisdiction:
UNITED ARAB EMIRATES (TIM)
The manuals have been aligned to take into account the evolving tax regulatory legislation relating to private banking clients holding bank accounts abroad:
Tax Investment Manual (TIM)
– The chapter of Basic Principles of the Gulf Cooperation Council (GCC) countries Taxation is further developed with regard to the following sections:
• A new section has been added regarding the French real estate tax exemption applicable in certain circumstances to individual resident in a GCC country.
• The Shariah compliant investment trust certificate (Sukuk) has been developed in a new section in order to take into account the Islamic finance characteristics.
• The section regarding the upstream withholding tax has been updated according to new double tax treaties signed by some GCC countries.
Tax Brief (TBR)
– The Tax Brief has been updated and completed with a new section on the Shariah compliant investment trust certificate (Sukuk) and other minor changes.
If these Tax Manuals are part of your subscription, you should now be able to access this new version on our Platform: https://mybrponline.com/ once you have logged in under the following search:
| Subscribed Tax Manual | Product | Document |
| Tax Country Manual Tax Investment Manual Tax Private Equity Manual Tax Tax Memorandum Tax Brief Behaviour Template Behaviour Template Short | Country Manual Tax Country Manual Investment Tax Country Manual Investment Tax Country Manual Tax Country Manual Investment Tax Country Manual Investment Tax | CM Tax RT CM InvTax RT CM InvTax PE CM InvTax Memo CM Tax RS CM InvTax BT CM InvTax BT Short |
Please do not hesitate to contact us (info@brptax.com), should you require any further information.
Best regards,
| Your BRP Tax Team |
Geneva, 16th June 2021