Follow Tax The UAE’s decision to exempt investment funds from its new corporate tax regime will be welcomed by businesses, but important questions over its implementation remain unanswered, according to one legal expert. It comes after the government unveiled Federal Decree-Law No. 47 of 2022...
“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...
Corporate Tax Advisory Services in UAE Navigate UAE Corporate Tax regulations with VATBOX Tax Agency! Discover insights on Tax rates, Compliance, and Expert guidance for UAE businesses. VAT BOX is the leading Tax Advisory services provider in the UAE, offering a range of services aimed at ...
The aim behind small business relief is to support small businesses that provide goods and services and operate within the UAE. Reducing the corporate tax imposed on small businesses that qualify for the relief, and in turn reducing the costs associated with compliance with the new...
UAE new tax rules: Corporate tax reduced for small 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 Co...
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
United Arab Emirates is renowned for its tax-free regime. This incentive has taken over the Dubai marketplace from other global markets but recently in December 2022, a law has been approved by the minister of UAE regarding the corporate sector tax regime that has been properly functional in ...
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 Federal Tax Authority (FTA) has released a Corporate Tax (CT) Guide on Accounting Standards and their interaction with Corporate Tax. The document includes detailed guidance on accepted accounting standards, taxation under realisation basis of accoun
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?