The registration period is currently available for certain categories of companies operating in the UAE. What is the minimum threshold to pay corporate tax? Companies and individuals posting over Dh375,000 profit per annum will have to pay a nine per cent tax. Is it the lowest corporate tax r...
The recent decision aligns with Article 21 of the Corporate Tax Law, which treats the taxable person as not having derived any taxable income in a given tax period where the revenue did not exceed a certain threshold. Read more: UAE introduces new fees on international imports in 2023 Why do...
The guide provides a comprehensive and simplified explanation and instructions for natural persons realising income in the UAE, enabling them to determine whether they are subject to Corporate Tax. The FTA urged all concerned natural persons (individuals) realising income in the UAE, or conducting bus...
UAE has issued a Federal Decree-Law on Taxation of Corporations and Businesses, under which they will become subject to UAE Corporate Tax from the beginning of their first financial year that starts on or after 1 June 2023. The UAE’s Corporate Tax regime will levy a standard rate...
The UAE allows qualified business entities to take advantage of a 0 percent corporate tax rate in free zones. We discuss the criteria.
Corporate Tax regulations with VATBOX Tax Agency! Discover insights on Tax rates, Compliance, and Expert guidance for UAE businesses.
Introduction of UAE Corporate Income Tax30/03/2023 On 9 December 2022, the UAE’s Ministry of Finance released new legislation on the taxation of corporations and businesses, which will apply to all taxable persons for financial years starting on or after 1 June 2023. Read our summary for ...
5. Provisions for influencers, freelancers, and individuals doing business An individual is referred to as a natural person in the UAE corporate tax regime. Individuals engaged in business activity are subject to the corporate tax as per the UAE rules based on the Cabinet Decision. Individuals ...
UAE Corporate Tax: Dubai Emirate Law No. 1 of 2024 - Taxation of foreign banks 5 minute read March 13, 2024 Share In brief On March 7, Law No. (1) of 2024 (“Law”) on taxation of foreign banks operating in Dubai was issued by the Ruler of Dub...
Where a QFZP has business taxed at 9% (e.g. through a DPE or FPE), the standard UAE CT Law rules and reliefs apply, except for the Tax Group regime, transfer of Tax Losses, Business Restructuring Relief or Qualifying Group Relief. In addition to complying with Transfer Pricing (TP) ...