What Is A TRN Number In UAE: Meaning of TRN Number?
The Tax Registration Number (TRN) is a distinct 15-digit code obtained when a company undergoes the Value Added Tax (VAT) registration process in UAE. TRN comes into play with VAT, a tax borne by consumers. It serves as a means to distinguish a business from others. In the UAE, every company is mandated to register […]
Corporate Tax Relief For Small Businesses In UAE
Corporate tax relief for small businesses is a discussion of great interest to entrepreneurs and small business owners in the UAE. It refers to tax policies that provide relief or exemptions to small businesses from paying corporate taxes. Recently, the UAE Ministry of Finance announced the issuance of Ministerial Decision No. 73 of 2023 on […]
How To Know 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 […]
Tax Incentives For R&D and Innovation In The UAE
The UAE has rapidly transformed into a global hub for innovation, entrepreneurship, and technology-driven growth. With the government’s strong commitment to nurturing a knowledge-based economy, businesses engaged in Research & Development (R&D) are gaining unprecedented advantages through targeted tax incentives. Understanding these benefits is crucial for companies aiming to innovate while optimizing their UAE tax strategy. Why The UAE Is Promoting […]
What Is The Deadline For Corporate Tax Registration In UAE? Updated 2025
Businesses in the UAE must comply with set corporate tax registration deadlines for submitting their applications. Effective March 1, 2024, the Federal Tax Authority (FTA) has outlined specific timeframes for different types of taxable entities or individuals to register for corporate tax in UAE, ensuring compliance with tax laws. The latest Federal Tax Authority Decision […]
Corporate Tax Penalty Waiver UAE: A Complete Guide for Businesses
As per Cabinet Decision No. 75 of 2023, UAE business entities have been liable for a penalty of AED 10,000 if they fail to apply for corporate tax registration by a deadline set by the FTA. Such a heavy penalty load would result in bankruptcy or even business closure in the UAE, especially for startup […]
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 complete their UAE corporate tax registration. However, certain exemptions and relief options for corporate tax are discussed in the article below. The recent […]
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 […]
