The ministerial decision on Small Business Relief specifies the revenue threshold and conditions for a taxable person to elect for Small Business Relief and clarifies the provisions of the carried forward Tax Losses and disallowed Net Interest Expenditure under the Small Business Relief scheme. Under t...
If your company falls under the small business category, you can seek “small business relief”. Besides this, you can be designated as having no taxable income during the corresponding tax period along with a 0% CT rate for taxable income up to and including AED 375,000. You may also be...
Trapp, Roger
Corporate Tax under Article 21 of this Decree-Law – Small Business Relief, a Taxable Person that is also a resident of UAE does not exceed the minimum amount of Income tax for an Excise Period: The Profits of the Taxable Person for the related Tax Period and former Tax Periods do not e...
Its revenue for the relevant tax period and previous tax periods must not exceed AED3 million It must not be a financial institution or a holding company If a business meets the criteria for small business relief, it will not have to pay any corporate tax on its profits. It will also be...
Corporate Tax compliance and administration requirements have been tailored to suit different categories of taxpayers, in recognition of the diversity of businesses that will come within the scope of the new Corporate Tax regime. Additionally, the Corporate Tax regime provides generous relief fo...
MAATS is a leading accounting firm that provides accounting services in Dubai, UAE. We also undertake corporate tax services and company formation in Dubai.
Second, we should consider reducing the tax burden of small and medium-sized enterprises and individual businesses, especially the tax burden of labor-intensive small businesses. In addition, the tax relief for social charitable donations should also be increased. ...
Find out the corporate tax rates and corporate income tax rate for chargeable income in Malaysia, and explore tax deductions measures for SMEs.
Verify if you meet the conditions to access the entity level tax exemptions you consider are relevant, e.g.: Small Business Relief: Confirm eligibility for this exemption based on the revenue threshold. Qualifying Free Zone Person (“QFZP”) status: Assess compliance with the QFZP conditions su...