UAE Corporate Tax Registration: Everything You Need to Know in 2023
Who needs to register for corporate tax in the UAE? All businesses operating in the UAE are required to register for corporate tax, regardless of their size or industry. However, there are a few exceptions, including: When do I need to register for corporate tax in the UAE? Businesses with a financial year starting on […]
FTA Corporate Tax Audit: Preparation Tips and Expert Guidance
The FTA’s approach to corporate tax auditing The FTA is taking a risk-based approach to corporate tax auditing, which means that businesses with a higher risk of non-compliance are more likely to be audited. The FTA has identified a number of factors that may increase a business’s risk of non-compliance, including: How the FTA selects […]
UAE Offshore: Corporate Tax & Transfer Pricing Insights
The United Arab Emirates (UAE) has long been a haven for offshore company formation, attracting entrepreneurs and businesses from across the globe with its alluring combination of tax benefits, ease of setup, and strategic location. The introduction of the UAE corporate tax and transfer pricing regulations has ushered in a new era for offshore companies, […]
7 Key Insights from “Exempt Persons: Public Benefit Entities, Pension Funds and Social Security Funds” guide
In this blog post, we’ll distill the key insights from a comprehensive document on tax exemptions for public benefit entities, pension funds, and social security funds, Exempt Persons: Public Benefit Entities, Pension Funds and Social Security Funds, published by FTA. We’ll focus on providing clear and essential information without diving into corporate jargon. 1. Qualifying Public […]
Analyzing the Impact of Corporate Tax on the Tourism Sector
The UAE’s tourism industry remains a critical pillar of the economy, playing a vital role in job creation and contributing significantly to the nation’s growth. Aligned with this importance, the UAE Tourism Strategy 2031, a key initiative under the ‘Projects of the 50’, aims to propel the sector’s contribution to GDP to Dhs450 billion by 2031, reflecting […]
