The Ministry of Finance in UAE has introduced Corporate Tax Law for all the business profits. Every taxable person needs to register for this before the filing of their first return. This blog will focus on the companies who must register for Corporate Tax. The...
Corporate Tax is a direct tax imposed on the income or profits of corporations or other legal entities. Corporate Tax in Dubai holds an important position and there are a few corporate tax consultants to fulfill these requirements for different businesses. UAE is known for...
The UAE has always been recognized as a business-friendly destination with its flexible tax environment, including the absence of federal corporate tax. However, the UAE introduced a change in its tax system by implementing the federal corporate tax regulations in the financial year starting from...
The UAE corporate tax regime is the talk of the town in corporate tax in UAE and its implications for businesses. At the same time, many businesses and entrepreneurs might assume that losses exempt them from the registration process. That is not quite the case...
The UAE Federal Tax Authority (FTA) has released a comprehensive guide on Small Business Relief (CTGSBR1), a program designed to ease the implementation of the Corporate Tax regime for qualifying businesses. This guide delves into the crucial aspects of this relief, empowering small businesses to...
Corporate Tax in UAE is a direct tax imposed on the net income or profit of corporations and businesses introduced by the UAE Ministry of Finance. This tax reform is designed to support medium and small enterprises by instituting an initial statutory tax rate of...
The UAE Federal Tax Authority (FTA) published a corporate tax guide on Small Business Relief (CTGSBR1). This guide is designed to provide guidance on Small Business Relief for Corporate Tax in the UAE. This guide explains the overviews these following major topics: The introduction of...
In the shift of fiscal policy in UAE, the government introduced a new corporate tax regime. This landmark decision marks the country’s first initiative into corporate taxation. Also, it aligns with international standards and promotes fiscal sustainability. Moreover, this new framework differentiates businesses operating on...
The United Arab Emirates (UAE) introduced a corporate tax regime effective from June 1, 2023. The Federal Tax Authority has released a new . This guide is particularly on Taxation of Foreign Source Income (FSI). This guide provides a good overview of the taxation of...
The UAE federal tax authority issued a guide on the interaction of accounting standards with corporate tax on 6 November 2023. The UAE Federal Tax Authority has been introducing guides and publications on different aspects of UAE corporate tax Law. Moreover, many businesses find it...
