The introduction of corporate tax in UAE under Federal Decree-Law No. 47 of 2022 has brought significant changes to the financial landscape, making it crucial for businesses to stay compliant. With a UAE corporate tax rate of 9% on taxable income above AED 375,000, companies must ensure they understand and adhere to the regulations. Whether […]
Top 5 Corporate Tax Mistakes to Avoid in the UAE Read More »
The United Arab Emirates (UAE) has a well-established taxation system that aims to create a stable and sustainable economy while ensuring social development. As part of this system, the Minister of State for Financial Affairs has issued Ministerial Decision No. 82 of 2023, which outlines the categories of taxable persons required to prepare and maintain
In terms of Corporate tax for UAE free zone companies have a distinct tax implication compared to juridical persons or individuals in the UAE. It is important to understand the differences between these categories of taxpayers and how Free Zone Persons can take advantage of the corporate tax system. Below is a comprehensive guide on
All you need to know about the Corporate Tax Implications on UAE Free Zones Read More »
Great news for small businesses in Abu Dhabi! On April 6, 2023, the Ministry of Finance in Abu Dhabi, UAE issued Ministerial Decision No. 73 of 2023 to provide Small Business Relief under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, also known as the Corporate Tax Law. This decision
Ministry of Finance issues decision on small business relief for corporate tax purposes Read More »
