Ins and Outs of UAE Corporate Tax: The Ultimate Guide
The Taxation Era started already in the UAE. The introduction of Corporate Tax in the UAE brought a significant impact in the business world. Business owners, entrepreneurs, freelancers and other taxable persons must be aware of the UAE Corporate Tax Regime.
Read moreHow to Register Corporate Tax in UAE? Corporate Tax filing in EmaraTax
Register corporate tax in UAE with the help of leading tax agents in UAE. Businesses can stay compliant, enjoy tax benefits, mitigate risks and streamline financial processes with best tax agents. How to Register Corporate Tax in UAE? Step-by-step Guide…
Read moreStay Ahead of the Curve: UAE Tax Group’s Guide to Tax Planning
Introduction This blog serves as a comprehensive guide to the UAE Corporate Tax regime, specifically focusing on tax groups. It aims to provide a clear understanding of the formation, compliance obligations, and changes in membership relating to tax groups. This…
Read moreUAE Corporate Tax Law for Individuals
Introduction Understanding the concept and importance of Corporate Tax in the UAE are vital for natural persons engaged in business activities within the country. This section will provide an overview of the applicability of Corporate Tax to natural persons, highlighting…
Read moreTax Assessments and Penalties: UAE Corporate Tax Law
Amount of Annual Income Subject to Corporate Tax-CD-116 of 2022 0% CT rate Taxable Person Income not exceeding (375,000) shall be subject to Corporate Tax at the rate of (0%) zero percent in the Tax Period irrespective of whether the…
Read moreCaculation of Corporate Tax liability & Reliefs
Caculating Corporate Tax liability Corporate Tax Reliefs Transfer of Tax Loss–(Article 38) Tax loss can be offset against taxable income of another person if: Tax Return To complete a tax return for CT folloing information will be included: a) The…
Read moreWhat is deductible and non deductible expenses under corporate income tax UAE?
Deductible Expenses–(Article 28) Interest Expenses Entertainment Expenditure –(Article 32) 50% of entertainment expenses are deductible. Entertainment include the followings:a) Meals.b) Accommodation.c) Transportation.d) Admission fees.e) Facilities and equipment used in connection with such entertainment, amusement or recreation. Non-Deductible Expenses–(Article 33) Contact…
Read moreTax Base Analysis of Corporate Tax in UAE
Tax Base –(Article 12) State Sourced Income–(Article 13) Permanent Establishment–(Article 14) Fixed or Permanent Place–(Article 14) Fixed or Permanent Place–Exceptions (Article 14) A fixed place or permanent place is not operated by the non-resident person, or its related party or…
Read moreWhat is the taxable and exempt income for corporate tax?
Taxable Income–(Article 20) Taxable Income– Financial Statements (Article 20) Taxable Person that prepares financial statements on an accrual basis may elect to take into account gains and losses on a realization basis in relation to: Exempt Income–(Article 22) Participation Exemption…
Read moreOverview of Related Parties & Related Party Transaction Under Corporate Tax
Related Parties–(Article 35) Transactions between Related Parties–(Article 34) Arm’s length ruleThe arm’s length result of a transaction or arrangement between Related Parties must be determined by applying one or a combination of the following transfer pricing methods:a. The comparable uncontrolled…
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