Corporate Tax Guide on Interest Deduction Limitation Rules - Now Published

The Federal Tax Authority has released a new Corporate Tax Guide focused on Interest Deduction Limitation Rules. This guide provides essential insights for any Person conducting relevant activities in the UAE. 

The document covers: 

– The meaning of Interest under the Corporate Tax Law. 

– Application of both General and Specific Interest Deduction Limitation Rules. 

– Carry forward and utilisation of disallowed Net Interest Expenditure. 

– How these rules interact with other provisions of the UAE Corporate Tax Law. 

A must-read for professionals navigating UAE’s evolving tax landscape.