What Is a Corporate Tax Period In UAE?
With the introduction of the UAE’s Federal Corporate Tax Law, businesses in the UAE are facing challenges to keep an eye on all the components of corporate tax. One of the fundamental components businesses must understand and comply with is the corporate tax period. This period defines the timeline within which companies calculate their taxable […]
How To Register For Corporate Tax As a Natural Person?
With the recent changes in tax laws and the promulgation of new laws, it is difficult for natural persons to deal with corporate tax laws while conducting business activities in the UAE. Natural persons conducting business activities with an annual turnover exceeding AED 1 million are mandated to register for corporate tax as per Cabinet […]
UAE Corporate Tax Registration – How To Register?
The corporate tax was introduced in June 2023 under Federal Decree-Law No. 47 of 2022 in the UAE. It has made it mandatory for all types of businesses in the UAE to register for UAE corporate tax. However, certain exemptions and relief options for corporate tax are discussed in the article below. The recent changes […]
Free Zone Corporate Tax In UAE: Understand Qualifying Free Zone Person!
For years, the Free Zones in the UAE have been a haven for businesses, offering several benefits such as 100% foreign ownership, duty exemptions, and attractive tax benefits. The introduction of the UAE’s new free zone corporate tax regime, effective from June 1, 2023, has changed the taxation scenario of businesses in the Free Zone […]
How To Change Entity Type In FTA Portal Online?
Do you know about the recent update from the Federal Tax Authority (FTA) regarding the amendment of the legal entity type of your business? Yes, you can amend the legal entity type of your business in the UAE just one time if you have registered an incorrect legal entity type or have undergone a legal […]
What Are The Tax Deductible Expenses In UAE Corporate Tax
Businesses in Dubai face the challenge of ensuring compliance with the UAE’s corporate tax system, especially when it comes to identifying which expenses can be deducted. Misunderstanding tax-deductible expenses could lead to overpaying taxes or penalties for non-compliance. The UAE’s Corporate Tax Law, specifically Article 28 of the Federal Decree-Law No. 47 of 2022, offers […]
What Are Qualifying Activities In UAE Corporate Tax?
In the UAE, corporate tax regulations for Free Zone businesses have introduced significant changes, especially with the release of Ministerial Decision No. 139 of 2023. These rules categorize business activities into two types: Qualifying Activities, which benefit from a 0% corporate tax rate, and Excluded Activities, which are taxed at the standard rate of 9%. […]
What Is Double Taxation Agreements or Treaties In UAE
Have you ever wondered if a business that pays taxes in one country might also need to pay the same taxes in another? This scenario leads to double taxation, discouraging businesses from engaging in international trade. Double taxation increases business costs and reduces competitiveness. To address this, countries have established Double Taxation Agreements (DTAs) to […]
Things You Should Know About Corporate Tax Advisory Services
Corporate tax advisory services play a pivotal role in the financial health and compliance of businesses. In a dynamic business environment like Dubai, these services are particularly crucial due to the intricate tax regulations and the city’s status as a global business hub. Here’s what you need to know about Corporate Tax Advisory Services In […]
What Is Tax Clearance Certificate In UAE and How To Apply For It?
Complying with tax regulations is mandatory in every country, including the UAE. To demonstrate your compliance and avoid penalties, you need to obtain a tax clearance certificate from the Federal Tax Authority (FTA). A Tax Clearance Certificate in the UAE shows that a company or individual has met their tax obligations. This document is mandatory […]
