The corporate tax will come into effect for taxable persons and companies from the beginning of their first financial year that starts on or after June 1, 2023. When will registration begin? The registration period is currently available for certain categories of companies operating in the UAE. W...
“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...
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. Small businesses need revenue below a certain...
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 helping corporations stay compliant with the ...
The UAE allows qualified business entities to take advantage of a 0 percent corporate tax rate in free zones. We discuss the criteria.
If your buisness's taxable net profit is more than 375,000 AED, you are required to pay 9% of the net profit as corporate tax on or after 1 June 2023. When will corporate tax in UAE be implemented? + As per the latest announcement, corporate tax will be in full effect from the fi...
How much is the new corporate tax in the UAE? Thecorporate tax in UAEwill be 9 percent with some exceptions. Businesses that have a net income or a taxable income of AED 375,000 or more will be affected by this new tax. Of course, this means that small businesses whose taxable income...
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...
UAE Expected to Issue Draft Law on Corporate Tax and VATJennifer A. Lovesy
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