Corporate Tax regulations with VATBOX Tax Agency! Discover insights on Tax rates, Compliance, and Expert guidance for UAE businesses.
TheUAE’s Ministry of Financeissued on Thursday a Ministerial Decision stipulating new rules for small businesses’ corporate tax. The Small Business Relief decision addresses the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, (The Corporate Tax Law). The recent...
“Looking to the medium term, we welcome the planned fiscal reforms, including the expected introduction of a corporate income tax and gradual phasing out of business fee structures” – Mr Ali Al-Eyd of the IMF, speaking following his Article IV Consultation with UAE authorities, held from 2...
In light of these new regulations, free zone businesses in the UAE should thoroughly review the FTA guidelines to ensure compliance and maximize the benefits of the 0 percent tax rate on qualifying activities. Back to top UAEIncentives 27 27Likes Dezan Shira & Associates Your Partner for Growth...
Corporate tax will be levied on the profit, not on the total turnover, of the company. Will UAE residents getting a salary of over Dh375,000 have to pay tax? No. It will not be applicable to the salary. Will corporate tax apply to a freelancer?
The FTA urged all concerned natural persons (individuals) realising income in the UAE, or conducting business – wholly or partly – in the UAE, to refer to the new guide, to familiarise themselves with the Corporate Tax Law, implementing decisions, and other relevant materials available on the...
When will corporate tax in UAE be implemented? + As per the latest announcement, corporate tax will be in full effect from the financial year starting on or after 1 June 2023. For businesses that have a financial year starting on 1 January 2023 and ending on 31 December 2023, they will ...
5 UAE corporate tax facts you must know 1. Availability of small business tax relief A small business can avail of tax relief as per the UAE corporate tax law. This provision applies on top of the 0% CT rate for businesses with a taxable income of up to or equal to AED 375,000. Sm...
UAE Corporate Tax - "Qualifying Group Relief" Guide and "Business Restructuring Relief" Guide Key Takeaways May 2024 "Qualifying Group Relief" Guide The Federal Tax Authority (FTA) has released a comprehensive Corporate Tax (CT) Guide on Qualifying Group (QG) Relief. This guide serves a...
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 insight