Will UAE Corporate Tax apply to business in the free zone ?
In December 2022, UAE’s Ministry of Finance announced a new Corporate Tax which will take effect starting June 1st, 2023. While, The UAE hosts many free zone areas which have always been a huge incentive for international corporations to set up their business operations. Entities in the free zone benefit from tax exemptions and many other economic […]
How will UAE Corporate Tax apply to business partnerships?
The Federal Corporate Tax Law in the UAE applies to any taxable business within UAE at a 9% rate on any net profit exceeding AED 375,000 annually. We have discussed in a previous post how Corporate Tax is going to be calculated for different businesses. However, when it comes to business partnerships, the implementation of Corporate Tax […]
What are Tax Losses and how can they be applied to Corporate Tax?
The implementation of the Federal Corporate Tax law in the UAE has many advantages for both the state and businesses within the state. However, many struggling businesses are still concerned about the effect Corporate Tax is going to have on their profits and their ability to survive in a competitive market. We have discussed in […]
How is Corporate Tax calculated in the UAE?
The UAE Government announced the introduction of a Corporate Tax Law which go into effect starting June 1st, 2023. Ever since the announcement of the UAE Corporate Tax, small and large businesses alike have been trying to measure and forecast the effect this tax is going to have on their net profits. So, we asked […]
UAE Corporate Tax: Requirements for Registration, Deregistration & Filing Returns
Since the announcement of a Corporate Tax in 2022, many businesses are still researching the scope of the new federal law and whether it applies to them or not. UAE Corporate Tax is going to take effect starting June 1st, 2023. Therefore, Corporations in the UAE are constantly on high alert for any announcements from the […]
Who Should Register for UAE Corporate Tax and Is There a Deadline?
The United Arab Emirates (UAE) has recently introduced a Corporate Tax Law that will go into effect starting from or after June 1st, 2023. The new Federal Law was decreed for the taxation of corporations and businesses in the UAE to further cement its position as a global hub for business and investment. UAE Corporate Tax is […]
Understanding UAE Corporate Tax on State-Sourced Income: A Brief Guide for Businesses
The United Arab Emirates’ Ministry of Finance recently issued a Corporate Tax Law which will be implemented by the Federal Tax Authority starting from or after the 1st of June 2023. The UAE Corporate Tax Law issued is comprehensive and includes many articles pertaining to different UAE residents and establishments which is why many individuals are left […]
Impact of transfer pricing rules on Corporate Tax in UAE
Transfer pricing is a term used to describe how transactions within and between businesses are valued. We will help you gain a basic comprehension of transfer pricing laws. A new Corporate Tax system incorporating a transfer pricing scheme will go into effect in the UAE in June 2023. (TP). Transactions involving connected parties and related parties are […]
How to Determine if a Business is Subject to UAE Corporate Tax
Recently, the ministry of finance in the Arab Emirates has introduced a national Corporate Tax schedule. It’s to be incorporated into UAE businesses. The welcome news is that it will commence operation in 2023. Are you wondering what benefits this fresh approach could be to businesses in the Emirates? It’s simple. The purpose of this […]
How To Setup a Small Business in UAE, and How will Corporate Tax Help Business?
Business owners globally prefer to set up small businesses in the UAE for several reasons. Everyone likesflexible situations, and the country offers one of the most adaptable tax mechanisms globally. Tax-freeholidays and a synthetic registration procedure based on your business region are also something youshould look forward to in the Emirates.In any case, you can […]
Corporate Tax FAQs: 15 Top Answers
Corporate Tax in the UAE is a form of direct tax imposed on net income or business profit. The UAE introduced this tax with the aim of strengthening the country’s position as a leading global center for business and investment, in addition to accelerating the country’s development and transformation to achieve its strategic goals and renewing […]
What are the benefits of Corporate Tax in UAE?
The introduction of Corporate Tax at a 9% rate on any taxable business with profits exceeding 375,000 AED annually is seen by corporations all around the UAE in a mainly negative light. Contrary to how businesses view the implementation of the Federal Tax Law, Corporate Tax doesn’t just limit a resident business’s profits. In fact, […]
