This covers juridical persons incorporated in the UAE under either mainland legislation or applicable Free Zone regulations and would also include juridical persons created by a specific statute. Foreign companies and other juridical persons may also be treated as Resident Persons for Corporate Tax purpos...
For a smooth transition to the new corporate tax era in the UAE, using efficient integrated software should be the top priority for businesses. TallyPrime is extremely user-friendly and it has step-by-step instructions to help at every step Your business will have better control over the thec...
UAE Corporate tax: Understanding who is Taxable, Exempt and Qualifying Free Zone Person Article 10 March 2023How can TMF Group help? We make UAE corporate tax simple for our clients. Our global presence and experts on the ground in 125 offices across 86 jurisdictions around the world, including...
Free zone entities that maintain adequate substance in the UAE and comply with transfer pricing rules (and document such compliance) and do not select to be subject to full corporate tax rates will be subject to corporate rates of 0% on ”Qualifying Income” and 9% on other ...
“The regime has been designed to ensure strategic sectors will thrive in the free zones. Some level of migration may happen but the overall objective is ensuring the UAE remains attractive,” Shabana Begum, MoF’s executive director for tax policy told media, when asked whether the tax ex...
Small Business Relief will not be available to Qualifying Free Zone Persons or members of Multinational Enterprises Groups (MNE Groups) as defined in Cabinet Decision No. 44 of 2020 on Organising Reports Submitted by Multinational Companies. MNE Groups are groups of companies with operations in more...
Corporate tax assessment under the UAE corporate tax law The assessment of corporate tax means analyzing and reviewing the taxpayer’s tax return details that were filed during the tax period, including those in thefree zone. All the information filled in when filing the corporate tax return shoul...
Where a taxable person meets the criteria of a Qualifying Free Zone Person (QFZP), they may benefit from the0% corporate tax rate on their qualifying income. To be eligible, an entity must: Maintain adequate substance in a free zone in the UAE ...
The UAE’s Federal Tax Authority (FTA) has released a comprehensive Guide on filing and completing Corporate Tax (CT) Returns. This Guide is crucial for all Taxable Persons in the UAE, including natural persons conducting Business or Business Activity, juridical persons, Qualifying Free Zone Person...
The Federal Tax Authority (FTA) has released a Corporate Tax (CT) Guide on Free Zone (FZ) Persons, one of the most important and complex areas of the new regime. This Guide serves as a significant resource, providing clarifications and additional insights on various important topics in relatio...