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…
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,…
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…
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,…
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…
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…
The Ministry of Finance (MOF) of the United Arab Emirates (UAE) has said that a federal company tax will be put in place all over the country. (dubbed the “UAE Corporate Tax”). For the purposes of this definition, a “Corporate…
