For Tax Periods starting on or after 1 January 2025, audited financial statements are required under UAE Corporate Tax rules if a Taxable Person that is not a Tax Group earns Revenue exceeding AED 50 million during the relevant Tax…
An ADGM company is not automatically exempt from UAE Corporate Tax. An ADGM company that meets every Qualifying Free Zone Person (QFZP) condition can apply 0% to its Qualifying Income and 9% to Taxable Income that is not Qualifying Income….
Missing a UAE Corporate Tax deadline does not make the filing obligation disappear. It can create two separate exposures: a penalty for submitting the return late and another penalty if the Corporate Tax due remains unpaid. Additional penalties may arise…
IFRS 18 changes how companies structure and explain financial performance. One of its most important requirements is the classification of income and expenses into operating, investing and financing categories in the statement of profit or loss. For UAE finance teams,…
UAE Corporate Tax is no longer a registration exercise. For most businesses, it is now an annual cycle connecting accounting, tax analysis, management judgement, return filing and payment. The headline rate may be 9%, but the real exposure often sits…
Do you need audited financial statements for UAE Corporate Tax? For many businesses, the answer depends on one number: AED 50 million. But that threshold is not the whole rule. Qualifying Free Zone Persons and UAE Corporate Tax Groups have…
If your business operates through multiple UAE entities, UAE Corporate Tax Group formation may significantly simplify the way the group calculates and reports its Corporate Tax position. Under the UAE Corporate Tax Law, eligible related companies can apply to be…
A KGRN Chartered Accountants Advisory Update on UAE Corporate Tax The UAE has extended the availability of Small Business Relief under the Corporate Tax regime to eligible Tax Periods ending on or before 31 December 2029. The AED 3 million…
Corporate Tax has not turned every valuation into a tax exercise. It has, however, created several situations in which businesses must determine value, pricing or tax basis under different regulatory frameworks. A real estate developer calculating the gain attributable to…
FTA Decision No. 6 of 2026, issued 2 June 2026, requires Qualifying Free Zone Persons (QFZPs) that distribute goods or materials in or from a Designated Zone to obtain an Agreed-Upon Procedures (AUP) report under ISRS 4400 from an independent,…
