The recent announcement of the latest UAE ministerial decisions through the Ministry of Finance (MoF) introduces new changes that would affect corporate tax strategies within the UAE, effective from January 1, 2025. These updates focus on 3 key areas: tax groups, participation exemption, and foreign...
As corporations within the UAE adapt to the newly carried out corporate tax regime, information on available tax deductions becomes crucial for minimizing tax liabilities and maximizing profitability. This article will discuss the top 5 tax deductions each UAE commercial enterprise has to consider and...
On December 9, 2024, the UAE Ministry of Finance delivered important amendments to the country's company tax framework. These adjustments align with the UAE's broader approach to strengthen its tax system, enhance commercial enterprise compliance, and promote sustainable financial increase. Among the important updates are...
The United Arab Emirates (UAE) is poised to implement a change in its company tax structure, introducing a 15% minimal tax on large multinational establishments (MNEs) effective January 1, 2025. This announcement marks a strategic shift within the UAE's financial policy, aligning it with worldwide...
The United Arab Emirates (UAE) has brought a dynamic and distinctive guide for filing Corporate Tax (CT) returns, which presents step-by-step commands for taxable persons, which include natural persons carrying out business, juridical persons, and Qualifying Free Zone Persons (QFZPs). This guide outlines all of...
On November 18, 2024, the UAE Ministry of Finance (MoF) introduced an important amendment to Ministerial Decision No. (261) of 2024, affecting the tax remedy of unincorporated partnerships, overseas partnerships, and family foundations below Federal Decree-Law No.47 of 2022 on corporate tax. These adjustments are...
The Federal Tax Authority (FTA) of the UAE has issued an urgent reminder for Resident Juridical Persons with licenses issued in October and November to finish their corporate tax registration by 30 November 2024. This directive is a part of the FTA's ongoing efforts to...
Real estate investment is a significant area of interest for natural persons looking to diversify their portfolios and enhance their financial stability. With the recent changes in corporate tax regulations in the UAE, it is essential to understand how these laws impact individual investors. Purpose of...
The advent of corporate tax within the UAE, powerful June 1, 2023, has caused diverse misconceptions, mainly concerning groups working in Dubai's Free Zones. This article will discuss how Understanding those common misconceptions is vital for marketers and the role of corporate tax consultant in...
On September 25, 2024, the Federal Tax Authority (FTA) issued Federal Tax Authority Decision No. 7 of 2024, extending the deadline for corporations to report their company tax returns and settle their company tax liabilities for certain tax periods. This decision aligns with the provisions...
