Pillar two floor could disadvantage tax frameworks in the Middle East

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Pillar two floor could disadvantage tax frameworks in the Middle East

Danish Mehboob
June 07 2021
UAE introduces corporate tax regime with 9% rate for majority of businesses

Following the G7 agreement on a global minimum corporate tax rate, tax directors suggest Gulf Cooperation Council (GCC) countries face significant tax outflows under pillar two because of limited domestic corporate tax regimes.

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Topics

NewsKuwaitQatarOmanDirect TaxUnited Arab EmiratesBahrainSaudi ArabiaITR MagazineSummer 2021Middle EastJurisdictions
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Danish Mehboob
Senior Reporter ITR
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Danish reports on all matters of direct tax and BEPS. He covers a range of tax issues in these areas and what multinationals are doing to manage the tax burdens. Danish also specialises in tax technology and data management.
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