All Countries
International Trade
Tax Sharing And Funding Agreement

Tax Sharing And Funding Agreement Template for United Arab Emirates

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Tax Sharing And Funding Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Tax Sharing And Funding Agreement

"I need a Tax Sharing and Funding Agreement for our UAE holding company and its five subsidiaries, addressing the new corporate tax obligations starting January 2025, with specific provisions for quarterly funding mechanisms and intra-group loans."

Celebrated by
Collaborations with
Investors
Document background
The Tax Sharing And Funding Agreement is essential for corporate groups operating in the UAE's evolving tax landscape. It becomes particularly relevant following the introduction of corporate tax and existing VAT requirements, where groups need to establish clear mechanisms for sharing tax liabilities and managing related funding arrangements. This document is typically used when multiple entities within a corporate group need to coordinate their tax obligations, establish funding mechanisms for tax payments, and ensure compliance with UAE tax regulations. The agreement addresses both federal and emirate-level tax considerations, providing a structured approach to managing group tax arrangements while ensuring alignment with UAE tax laws, including Federal Decree-Law No. 47 of 2022 on Corporate Tax and Federal Decree-Law No. 8 of 2017 on VAT. It includes detailed provisions for calculation methodologies, payment mechanisms, and reporting requirements, making it a crucial document for groups managing complex tax arrangements in the UAE.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including tax collecting entities and recipients

2. Background: Context of the agreement, including relevant tax authority arrangements and basis for tax sharing

3. Definitions: Detailed definitions of terms used, including specific tax types, calculation periods, and funding mechanisms

4. Tax Sharing Arrangements: Core provisions detailing how tax revenues will be shared between parties, including calculation methodologies

5. Funding Obligations: Details of funding arrangements, including timing, payment methods, and currency

6. Payment Mechanics: Specific procedures for making payments, including bank account details and payment verification

7. Tax Calculations: Methodology for calculating tax shares and adjustments

8. Record Keeping and Reporting: Requirements for maintaining tax records and reporting obligations

9. Audit Rights: Provisions for auditing tax calculations and payments

10. Representations and Warranties: Standard representations regarding authority, compliance with laws, and tax status

11. Confidentiality: Provisions regarding confidentiality of tax information and agreement terms

12. Term and Termination: Duration of agreement and circumstances for termination

13. Dispute Resolution: Procedures for resolving disputes, compliant with UAE law

14. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction

Optional Sections

1. Group Reorganization Provisions: Optional section dealing with changes in group structure or ownership

2. Specific Emirate Provisions: Additional provisions specific to particular emirates when relevant

3. Foreign Currency Provisions: Specific provisions for handling multiple currencies in calculations and payments

4. Tax Reform Adaptation: Provisions for adapting to future changes in UAE tax laws

5. Transition Provisions: Temporary provisions for transitioning from previous arrangements

6. Inter-company Loan Provisions: Specific provisions for handling related party funding arrangements

7. Force Majeure: Provisions for handling unforeseen circumstances affecting tax collection or sharing

Suggested Schedules

1. Schedule 1 - Tax Calculation Methodology: Detailed methodology for calculating tax shares

2. Schedule 2 - Payment Procedures: Specific procedures and timelines for making payments

3. Schedule 3 - Reporting Templates: Standard templates for tax sharing reports and calculations

4. Schedule 4 - Bank Account Details: Details of designated bank accounts for payments

5. Schedule 5 - Contact Details: Contact information for key personnel and authorized representatives

6. Appendix A - Tax Types Coverage: Detailed list of tax types covered under the agreement

7. Appendix B - Compliance Requirements: Summary of relevant UAE tax compliance requirements

8. Appendix C - Historical Tax Data: Reference data for previous tax sharing arrangements if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Accounting Period
Actual Tax Liability
Administrative Agent
Aggregate Group Tax Liability
Allocated Tax Amount
Business Day
Calculation Date
Commercial License
Contributing Member
Corporate Tax
Due Date
Effective Date
Estimated Tax Payment
Excise Tax
Federal Tax Authority
Final Tax Return
Fiscal Year
Funding Notice
Funding Obligation
Funding Payment
Group
Group Member
Head Entity
Income Tax Return
Initial Public Offering
Interest Rate
Loss Entity
Material Adverse Effect
Member State
Parent Entity
Payment Date
Payment Schedule
Permitted Jurisdiction
Profit Entity
Quarterly Payment
Receiving Entity
Reconciliation Period
Regulatory Authority
Related Party
Relevant Tax Amount
Scheduled Payment Date
Settlement Date
Subsidiary Entity
Tax Assessment
Tax Authority
Tax Benefit
Tax Credit
Tax Group
Tax Law
Tax Loss
Tax Payment
Tax Period
Tax Return
Tax Sharing Amount
Tax Year
Taxable Income
UAE Corporate Tax
UAE VAT
Value Added Tax
Clauses
Tax Calculation
Payment Obligations
Funding Arrangements
Tax Returns and Filings
Record Keeping
Information Sharing
Audit Rights
Confidentiality
Representations and Warranties
Tax Adjustments
Default and Remedies
Force Majeure
Dispute Resolution
Governing Law
Jurisdiction
Assignment
Termination
Amendments
Severability
Entire Agreement
Notices
Indemnification
Group Reorganization
Tax Authority Dealings
Compliance
Currency
Set-off Rights
Further Assurance
Tax Reporting
Cost Allocation
Bank Accounts
Payment Mechanics
Interest Provisions
Term
Transition Arrangements
Relevant Industries

Financial Services

Manufacturing

Real Estate and Construction

Retail and Consumer Goods

Energy and Resources

Healthcare

Technology

Transportation and Logistics

Hospitality and Tourism

Professional Services

Relevant Teams

Finance

Legal

Treasury

Tax

Compliance

Corporate Secretariat

Internal Audit

Accounting

Risk Management

Corporate Development

Relevant Roles

Chief Financial Officer

Tax Director

Head of Treasury

Financial Controller

Group Finance Manager

Tax Manager

Corporate Counsel

Legal Director

Compliance Officer

Group Accountant

Treasury Manager

Senior Tax Analyst

Finance Director

Head of Legal

Company Secretary

Industries
Federal Decree-Law No. 7 of 2017 on Excise Tax: Establishes the framework for excise tax implementation in the UAE, including tax sharing mechanisms between federal and emirate authorities
Federal Decree-Law No. 8 of 2017 on Value Added Tax: Governs VAT implementation, collection, and distribution mechanisms in the UAE
Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses: New corporate tax law implementing 9% corporate tax on business profits, relevant for tax sharing arrangements
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Governs commercial transactions and agreements between parties, providing framework for funding arrangements
UAE Federal Law No. 14 of 2018 (Central Bank Law): Regulates financial institutions and banking operations, relevant for funding mechanisms and transfers
UAE Federal Law No. 2 of 2015 (Commercial Companies Law): Governs company formations and operations, including financial obligations and arrangements between entities
Federal Tax Procedures Law No. 7 of 2017: Establishes procedures for tax collection, administration, and enforcement, including mechanisms for tax sharing
UAE Cabinet Decision No. 36 of 2017 on Executive Regulation of Federal Law No. 7 of 2017: Provides detailed implementation guidelines for tax procedures, including administration and sharing mechanisms
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Tax Sharing And Funding Agreement

UAE-governed agreement establishing tax sharing and funding arrangements between group entities, addressing federal and emirate-level tax obligations.

find out more

Joint Development Agreement Income Tax

Agreement governing tax structure and implications for joint development activities under UAE tax law.

find out more

Double Tax Avoidance Agreement

A bilateral treaty between the UAE and another country to prevent double taxation, establishing tax rights and obligations under UAE federal law.

find out more

Double Tax Agreement

A bilateral treaty between the UAE and another country to prevent double taxation and establish tax cooperation framework under UAE law.

find out more

Bilateral Advance Pricing Agreement

A UAE-governed agreement between a multinational company and two tax authorities establishing approved transfer pricing methodologies for cross-border transactions.

find out more

Tax Proration Agreement

UAE-governed agreement for allocating tax liabilities and responsibilities between multiple parties, aligned with UAE federal tax laws.

find out more

Advance Price Agreement

A binding agreement with the UAE Federal Tax Authority establishing approved transfer pricing methodologies for cross-border intercompany transactions.

find out more

Tax Indemnification Agreement

UAE-governed agreement establishing tax indemnification obligations and risk allocation between parties, addressing UAE VAT and corporate tax requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.