The corporate tax compliance in UAE is a fundamental responsibility for businesses operating within the country. The chapter Fourteen of the Federal Decree-Law No. 47 of 2022 outlines the requirements related to the corporate tax payable and the conditions under…
The Chapter Thirteen of the Federal Decree-Law No. 47 of 2022 establishes the conditions and methods for calculating the corporate tax payable by a taxable person, mentioning how amounts must be reported, the order in which the tax liabilities need…
In the United Arab Emirates (UAE), the corporate tax structure allows connected firms to consolidate their tax reporting duties for more effective tax processing and compliance. One such mechanism is the formation of a Tax Group, which permits resident juridical…
Chapter Eleven – Tax Loss Provisions Under the UAE Corporate Tax framework, certain deductions are permitted to ensure that the taxable base reflects the financial performance of a business. The adjustment for tax losses enables businesses to offset losses from…
The Article 34, 35, and 36 of the Federal Decree Law No. 47 of 2022 outlines the rules governing transactions between related parties and connected persons. This helps to ensure that transactions with related parties and connected persons are conducted…
This chapter outlines the provisions for the deductibility of business expenses under the UAE Corporate Tax regime when calculating the taxable income of a taxable person. Taxable persons understand more about allowable expenditures, the limitations of expenses in certain categories,…
This chapter explains the reliefs such as Transfers with a Qualifying Group and Business Restructuring Relief offered by the authority for certain businesses or income types to be exempt from corporate tax. Article 26 – Transfers Within a Qualifying Group…
Chapter Seven – Exempt Income The chapter seven of the UAE Corporate Tax Law covers the exempt cases where certain types of income are eligible to be taxed, reflects UAE’s alignment with global tax principles and foster economic competitiveness. The…
The chapter six of the Federal Decree Law No. 47 of 2022 and deals with rules and regulations for determining taxable income, and small business relief. This provides a clear computation for calculating taxable income and reduces complexity in corporate…
This chapter contains Article 18 and Article 19 of the corporate tax law which defines the framework for Qualifying Free Zone Persons (QFZP) for corporate tax purposes and election to be subject to corporate tax. Article 18 – Qualifying Free…
