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,…

In April 2024, the International Accounting Standards Board (IASB) published a new standard on IFRS 18 “Presentation and Disclosure in Financial Statements.” This brings a major shift in how companies in the UAE submit their financial statements. The new IFRS…

In the United Arab Emirates, the UAE Corporate Tax will be applied over the whole country and will apply equally to all business and commercial activity, with the exception of natural resources, which will continue to be taxed at the…

UAE Corporate Tax Registration in Mainland vs Free Zone – What Businesses Actually Pay? The introduction of corporate tax in the UAE in 2023 has brought a major change to how businesses manage their finances and operations. The core objective…

Chapter Nineteen – Transitional Rules Transitional provisions are crucial in any tax regime to ensure a smooth shift from existing practices to adopt the new regulatory framework. These transitional rules guide how businesses prepare their opening balance sheet for tax…

In the UAE Corporate Tax framework, compliance with tax obligations is not only a legal requirement but also a key factor in maintaining business credibility and operational integrity. While the legislation provides avenues for lawful deductions, credits, and refunds, it…

The chapter seventeen of the Federal Decree-Law No.47 of 2022 outlines the documentary and procedural obligations for filing returns, preparing financial statements, maintaining records, and complying with transfer pricing rules. The provisions of this chapter ensure that the tax authority…