Forbes Chartered Accountants

Own multiple entities in the UAE and wondering if a loss in one business can offset profits in another? 🏢↔️🏢

Under the UAE Corporate Tax regime, transferring tax losses between sister companies or entities within a group is entirely possible—and can significantly optimize your group’s overall tax liability. However, simply having the same owner isn't enough. All 7 specific criteria must line up perfectly.

Swipe through the carousel to break down the key conditions:
📍 UAE Residency: Both entities must qualify as UAE resident persons.
💼 Tax Scope: Both companies must be subject to corporate tax (exempt or QFZP entities are excluded).
📊 75%+ Ownership: Requires at least 75% common ownership.
📅 Financial Alignment: Both businesses must share the exact same financial year-end and accounting standards.
📝 Elections & Documentation: Proper elections must be filed and documented in full compliance with corporate tax rules.

Structuring tax loss transfers incorrectly can lead to rejected claims and unexpected penalties.

Unsure if your group structure meets all 7 conditions? Send us a DM or contact our team to ensure your corporate tax strategy is compliant and fully optimized! 📩💼

We are expanding our team at our Ernakulam, Kerala office! 🚀

If you have hands-on experience in UK accounting and auditing standards, we want to hear from you. We’re looking for a detail-oriented UK Audit & Tax Executive to join our growing team.

Position: UK Audit & Tax Executive

Location: Ernakulam, Kerala (Office No. #3, 1st Floor, Shivadas Tower, Chittoor Road, Opp. Maimoon Lulu Theatre, MG Road)

Key Requirements:

Experience: 1 - 2 years in an auditing firm with exposure to UK Tax and Accounting (UK work experience preferred).

Qualification: B.Com / CA Inter.

How to Apply:

Send your updated CV via WhatsApp to +91 88910 50302 (WhatsApp Only).

Know someone perfect for this role? Tag them below or share this post! 👇

Waiting until tax season to organize your books is like trying to fix a leak after the house is already flooded. 🌊📉

Annual accounting keeps you looking backward, but proactive monthly bookkeeping gives you real-time control over your business. By shifting from reactive scrambling to monthly financial clarity, you can catch cash leaks early, stay tax-ready year-round, and scale without end-of-year panic.

Swipe through to see:
👉 The difference between retrospective & proactive accounting
👉 The 6 Pillars of Clean Financials for SMEs
👉 In-house vs. outsourced bookkeeping comparison

Stop playing catch-up with your accounts. DM us today to streamline your monthly bookkeeping and protect your bottom line! 💼✨

🚀 We’re Hiring: Audit & Tax Executives!

Forbes Chartered Accountants is expanding its UAE team! If you have hands-on expertise in UK Tax and Accounting and want to grow your career in a dynamic international firm, we want to hear from you.

Key Requirements:

Proven experience in UK Tax & Accounting
Strong grasp of audit, financial reporting, and UK tax compliance
High attention to detail and sharp analytical skills

📍 Location: Sharjah, UAE

📲 How to Apply: Send your CV via WhatsApp to +971 55 497 8313

Take the next step in your financial career today! 💼✨