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Ajay Denny

Ajay D Kaitharan is an ACCA Affiliate and a Commerce graduate, serving as a key member of ATB Legal’s Accounting, Tax Consulting, and Corporate Compliance practice. He specialises in corporate taxation, accounting, and financial compliance across the UAE, India, the GCC, and other major business jurisdictions. His expertise extends to navigating complex direct and indirect tax regimes, Double Taxation Avoidance Agreements (DTAA), and cross-border compliance frameworks.With a strong foundation in public accounting and hands-on experience serving small and medium enterprises (SMEs) as well as larger corporate clients, Ajay delivers practical, results-driven solutions. He is adept at structuring tax-efficient strategies, ensuring regulatory compliance, and addressing intricate accounting challenges in dynamic business environments.

Insights

Articles by Ajay Denny

Tax

Navigating Cross-Border Tax Disputes: UAE Issues Formal Guidance on Mutual Agreement Procedure (MAP)

Introduction In a significant step toward strengthening international tax cooperation, the UAE Ministry of Finance (MoF), in coordination with the Federal Tax Authority (FTA), has issued comprehensive guidance on the Mutual Agreement Procedure (MAP). This long-anticipated update provides much-needed clarity on the procedures available to resolve cross-border tax disputes under the UAE’s Double Taxation Agreements […]

26 Jun 2025 · 5 minRead →
News

UAE Central Bank’s 2025 AML Blitz Tops AED 339 Million — What Every UAE Business Needs to Know

The Central Bank of the UAE (CBUAE) is sending an unmistakable message in 2025: robust anti-money-laundering (AML) controls are no longer optional. Since March the regulator has issued a string of record-breaking penalties on exchange houses, bank branches and insurers, pushing the cumulative tally past AED 339 million and ushering in the toughest enforcement climate […]

12 Jun 2025 · 3 minRead →
News

UAE Ministry of Finance and Federal Tax Authority Announce Corporate Tax Penalty Waiver for Late Registration

The UAE Ministry of Finance (MoF), in consultation with the Federal Tax Authority (FTA), has issued a significant compliance relief measure in the form of an administrative penalty waiver for businesses and entities that failed to register for Corporate Tax by the required deadline. However, this waiver is conditional—it is only available to registrants who […]

30 Apr 2025 · 3 minRead →
News

UAE FTA Reminds Businesses to Update Tax Records Before Grace Period Ends

The UAE Federal Tax Authority (FTA) has issued an urgent reminder to businesses across the country to update their tax records before the grace period ends on March 31, 2025. This compliance requirement is part of the UAE’s ongoing efforts to enhance tax transparency, streamline regulatory processes, and ensure businesses adhere to the latest tax […]

17 Mar 2025 · 2 minRead →
Tax

​​VAT Implications of Cryptocurrency Mining in the UAE: A Key Update​

​​The Federal Tax Authority (FTA) has recently published a public clarification document offering guidance on the Value Added Tax (VAT) implications of cryptocurrency mining activities employing the proof-of-work mechanism within the UAE. This clarification is of significant importance to businesses operating in the cryptocurrency sector.​  Key Takeaways The FTA’s clarification distinguishes between two scenarios: mining […]

17 Jan 2025 · 3 minRead →
Tax

UAE Introduces 15% Corporate Tax on Large Multinational Companies

In alignment with global tax reforms spearheaded by the Organisation for Economic Co-operation and Development (OECD), the UAE is set to introduce a 15% Domestic Minimum Top-up Tax (DMTT) on large multinational companies. This will be implemented from 1st January 2025. This move forms part of the UAE’s adoption of the Global Minimum Tax (Pillar […]

10 Dec 2024 · 4 minRead →
Corporate and Commercial

Qatar Signs Landmark Tax Treaties with UAE and KSA

  Following recent improvements in regional relations, Qatar has signed tax treaties with the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA). These Double Tax Avoidance Agreements (DTAAs) are a positive step for businesses and individuals operating in all three countries. GCC Economic Cooperation Takes a Leap Forward In a significant development […]

7 Jun 2024 · 2 minRead →
Corporate and Commercial

Saudi Arabia Investment Guide: Navigating Saudi Vision 2030

Saudi Arabia, a nation synonymous with vast oil reserves, is embarking on a bold economic transformation. Previously, navigating investment in Saudi Arabia could be seen as complex. However, recent reforms are fostering a more investor-friendly environment. The Ministry of Investment (MISA) serves as a centralized resource, simplifying procedures and providing valuable guidance. Moreover, new regulations […]

29 Apr 2024 · 4 minRead →
Corporate and Commercial

Taxation and Taxes in the UAE: A Comprehensive Overview

This article provides a comprehensive overview of the major tax implementations in the UAE and offers insights into the taxation landscape of the country. The article delves into the types of taxes levied in the UAE, discussing the tax rates, registration requirements, filing procedures related to VAT, and the key provisions governing its application.  The United […]

25 Apr 2024 · 18 minRead →
Corporate and Commercial

General Interest Deduction Rule in the UAE Corporate Tax Law

What is included under the Provision of General Interest Deduction Limitation Rule in the UAE Corporate Tax Law?  The General Interest Deduction Rule (GIDLR) prescribes the maximum allowed amount of net interest expenditure that can be deducted from the Taxable person’s accounting income.   What is Net Interest Expenditure?  The net interest expenditure includes the interest […]

24 Apr 2024 · 4 minRead →
Corporate and Commercial

Transfer Pricing Regulations in the UAE

What is the Transfer Pricing Mechanism? Transfer Pricing policies are concerned with determining the price for transactions made between related parties.  Who is subject to Transfer Pricing Regulations? Transfer pricing rules are applicable to UAE businesses that have transactions with Related Parties and Connected Persons, regardless of whether such Related Parties or Connected Persons are […]

24 Apr 2024 · 4 minRead →