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…

This chapter establishes the rules on when and how the taxable persons must register for Corporate Tax, the scenarios where the authority can initiate registration, and the conditions that must be satisfied for deregistration. It also offers the authority with…

The UAE Corporate Tax regime offers a range of deductions, exemptions, and reliefs to help taxpayers and encourage investment and economic growth, where these benefits are meant to be applied in good faith and in line with commercial reality. To…

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 framework provides mechanisms that permit related entities to consolidate their tax reporting obligations for efficient tax process and compliance reasons. One such mechanism is the formation of a Tax Group, which…

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…