UAE Expands Corporate Tax Exemption to Certain Foreign Entities
How Foreign Entities Can Benefit From UAE’s Corporate Tax Exemptions? The UAE has been a favourite for international investment for decades. It offers low taxation and business-friendly policies. In a recent development, it has widened corporate tax exemptions for foreign entities, providing much-needed clarity and assurance to international companies. Suppose your business has the support […]
Tax Grouping in UAE Corporate Tax: Benefits and Filing Advantages
Maximising UAE Corporate Tax Group Benefits- Smart Filing Strategies and Crucial Considerations Forming a UAE corporate tax group provides various incredible upsides to businesses, yet it is highly underutilised in the UAE markets. They’re not using the simplified filing and significant tax savings that these offer. Now that corporate tax is a solid fixture, grouping […]
When Is a Transfer Pricing Agreement Mandatory Under UAE Corporate Tax?
Your Compliance Roadmap for Transfer Pricing in UAE Transfer pricing is becoming a growing concern in the UAE. The UAE implemented a 9% corporate tax on profits above AED 375,000. A recent survey found that over 65% of UAE businesses are still adapting to such new regulations on transfer pricing. Getting your compliance in order […]
How to Calculate Corporate Income Tax Provision?
Mastering How to Calculate UAE Corporate Income Tax Provision Concerned about how much tax your company pays before filing? You are not the only one. With the UAE’s 9% corporate tax now implemented, it is becoming more important than ever to know how to calculate corporate income tax provision so you can report correctly and […]
When Should Businesses Register for Corporate Tax in the UAE? A Guide for Sole Establishments, Freelancers, Foreign Branches, and Partnerships.
Knowing the Right Time for Corporate Tax Registration in UAE Taxation in the form of corporate tax has become a significant component of business in the UAE. Following the introduction of the corporate tax rules, both small and large companies are highly advised to know when they are required to register. Whether you’re a freelancer, […]
Who are Exempt Persons under UAE Corporate Tax Law?
Understanding Corporate Tax-Exempt Persons Categories in the UAE When the UAE introduced its corporate tax system, it got the attention of business owners and finance professionals across the region. A 9% corporate tax starting in June 2023 was a significant adjustment because, previously, the nation was tax-free. But here’s the good news: not all businesses […]
Corporate Tax Elections in the UAE – Types and Their Advantages
Understanding Corporate Tax Elections in the United Arab Emirates With the implementation of a federal corporate tax system in year 2023 and further conforming to international tax standards with a 15% Domestic Minimum Top-Up Tax (DMTT) for large multinational corporations from year 2025 and a 9% tax on profits over AED 375,000, the United Arab […]
Qualifying Free Zone Person Status in the UAE: Do You Really Meet the Requirements
Understanding the Criteria for Qualifying Free Zone Persons in the UAE The UAE continues to attract business owners with its supportive regulatory environment and tax-efficient Free Zones. However, operating in a free zone isn’t enough to guarantee tax benefits under the new corporate tax regime. To fully benefit, your business must qualify as a “Qualifying […]
Process of VAT and Corporate Tax Deregistration
Understanding the Process of VAT and Corporate Tax Deregistration All UAE companies are required to start the VAT and Corporate Tax deregistration process when they close down or no longer meet the criteria for tax registration. It’s a necessary step to avoid future tax liabilities, fines, or complications with the Federal Tax Authority (FTA). The […]
Corporate Tax Registration UAE – Guide, Process and Required Documents
Effortless Corporate Tax Registration UAE for Your Business You would be surprised to know that, from June 2023, the UAE has introduced a Corporate Tax rate of 9% on business profits. This applies to earnings above AED 375,000. Such a landmark decision encourages transparency and ensures sustainable economic growth in the UAE. As businesses adapt […]