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...
Corporate Tax regulations with VATBOX Tax Agency! Discover insights on Tax rates, Compliance, and Expert guidance for UAE businesses.
Currently, there is no federal corporate tax in the United Arab Emirates (UAE). The corporate tax is calculated on a territorial basis. It is based on the tax decrees issued by each individual Emirate's government. There are seven Emirates in the UAE. The corporate tax rates range is wide...
As new and more complex forms of doing business develop, income tax is also being amended to keep pace. Recently, the scope and frequency of these amendments have accelerated due to international requirements, especially as part of the programme for comb
Who is exempted from the corporate tax? A qualifying free zone entity which fulfils all conditions specified in the Executive Regulations of the UAE Corporate Tax Law will be exempt. Natural resource extraction activities are also exempted; however, they’re subject to existing emirate-level taxatio...
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...
operates outside the UAE, within the same free zone or within any other free zone. If your entity belongs to a free zone but your income from the mainland is passive, your corporate tax will be calculated at 0%. However, you have to pay 9% tax for business tractions with mainland ...
UAE Corporate tax: Understanding who is Taxable, Exempt and Qualifying Free Zone Person Article 10 March 2023 How 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, includi...
Navigating the Free Zone Persons Corporate Tax guide Print We hosted a webinar, the first in a series on this topic, about the recently released Free Zone Persons Corporate Tax guide by the Federal Tax Authority, which addresses the application of the Corporate Tax Law to Free Zones and Free...
Registration timing for juridical persons that are resident persons: A juridical person that is a resident person must file a corporate tax registration application based on its date of incorporation or establishment as per the UAE laws. This requirement extends to free zone persons and offshore com...