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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.

Comprehensive Business Restructuring Process | Benefits & Step-by-Step Guide

Discover a complete guide to the business restructuring process, its benefits, and essential steps. Learn how restructuring can improve efficiency, reduce costs, and drive business growth. Find expert insights and practical guidelines to optimize your company’s performance.

A Complete Guide for Mainland Business Setup Dubai

Discover all the information you need to start a Mainland Business Setup Dubai. Our comprehensive guide covers everything you need to start your business in one of the UAE’s most active sectors, from legal requirements to business establishment fees.

2024 UAE Offshore Company Formation Guide – Complete & Updated

Dubai offshore company formation step by step guide. We highlight the pros and challenges of offshore company formation in the Emirates.

Establishing a Company in the Ras Al Khaimah Free Trade Zone 2024

Discover the benefits of establishing a company in the Ras Al Khaimah Free Trade Zone in 2024, from tax advantages to easy setup processes ideal for startups and expanding businesses.

15 Key Benefits of Free Zone Company Formation in Dubai

Explore the top 15 benefits of forming a company in Dubai’s free zones, from tax exemptions to 100% foreign ownership. Learn why Dubai is the perfect hub for your business.

How 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…

Unlock Growth Opportunities With Ras Al Khaimah

The Ras Al Khaimah Free Trade Zone (RAK FTZ), which was established in the year 2000, is a business and industrial hub of world-class caliber that offers a wide range of cost-effective packages and appealing incentives. At the moment, the…

A Simplified Guide to Tax Groups 

Introduction to Tax Groups The Corporate Tax Law has introduced Tax Groups as a framework allowing corporations to streamline their tax processes. This guide is designed to provide a straightforward overview of what Tax Groups are, their benefits, and how…

Understanding the VAT Landscape in Various Industries: A Comprehensive Overview

The education sector experiences a mix of VAT rates depending on the service type and the institution’s ownership. Notably, private and public school education, excluding higher education, alongside goods and services provided by these institutions, are exempt from VAT. The…

Stay 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…

UAE 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…

A Comprehensive Guide on Transfer Pricing in the UAE

Overview Federal Decree-Law No. 47 of 2022 on Corporations and Businesses (“Corporate Tax Law”) was issued on 3 October 2022 and published on 10 October 2022 in Issue #737 of the Official Gazette of the United Arab Emirates (“UAE”).  The…

Audit and Accounting Alert: Fighting Corruption and Illegal Acts

While COVID-19 may have slowed down certain activities, as well as inadvertent breakdowns in financial reporting matters. Consequently, global regulators and watchdogs have issued reports and standards to address these concerns. In this edition of the Audit & Accounting Alert,…

Tax 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…

Caculation 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…

What 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…

Tax 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…

What 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…

Overview 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…

Guide to Registration and Deregistration of Corporate Tax in UAE

This article provides useful information about corporation tax registration and deregistration. Read on to simplify your company tax compliance journey. Registration–(Article 51) Tax Groups–(Conditions: Article 40) If a Government Entity have one or more subsidiaries where hold 95% or more…

Who is exempt from UAE corporate tax?

Government Entities – Exceptions (Article 5) (automatic exemption) Government Controlled Entities that are specified in a Cabinet Decision – Exceptions (Article 6) (automatic exemption) Extractive Business – CONDITIONS (Article 7) a. The Person directly or indirectly holds or has an…

Taxable Person as per Corporate Tax Law in UAE

Family Foundations–(Conditions: Article 17) Can make an application to the Authority to be treated as an Unincorporated Partnershipbased on following conditions: Unincorporated Partnerships–(Article 16) Transfer of Tax Loss–(Article 38) Tax loss can be offset against taxable income of another person…

Significant CD, MD, and FTA Decisions related to Corporate Tax in UAE

Note: This blog is prepared on the basis of The UAE  Corporate Tax Law and its relevant CD and MD is released by MOF.  This is only for informative purposes and should not be used or relied upon to make individual…

Restriction of Foreign Company Formation in UAE

Foreign Company ownership restrictions are contained in the Commercial Companies Law (CCL), which requires that UAE nationals or their entirely claimed organizations hold at least 51% of the portions of all organizations set up in the UAE.

Business Process Restructuring Services in UAE

The UAE’s dynamic business landscape thrives on innovation and efficiency. But even the most successful companies can get bogged down by outdated processes. This is where Business Process Restructuring (BPR) comes in. What is Business Process Restructuring? BPR is a…

Compliance & Anti-Money Laundering Services

Governance, Risk, and Compliance standards also include keeping an eye on and controlling the risks that come with money laundering. It is necessary to follow these rules so that the UAE stays an investor-friendly place to do business. There are…

Approved auditors in SAIF zone

Businessmen who are interested in making investments in the Sharjah emirate have a strong preference for the Sharjah Airport International Free Zone (SAIF Zone), which was established in 1995. This free zone has a solid reputation throughout the industry. The…

Approved Auditors in HFZA

Hamriyah Free Zone (HFZ), which is in the emirate of Sharjah, is a manufacturing hub and one of the best free zones in the UAE thanks to its favourable business policies, connectivity to the other six emirates, and effective regulatory…

DAFZA Approved Auditors 2023

The registered audit firms in the Dubai Airport Free Zone are required to audit the books of accounts of all businesses operating there. Audit organisations that are not registered with the Dubai Airport Free Zone Authority (DAFZA) are not permitted…