The United Arab Emirates (UAE) Federal Tax Authority is introducing the corporate income tax law (UAE Federal Decree-Law No 47 of 2022 – Taxation of Corporations and Businesses) in 2023. It will have a significant impact on businesses operating within the country. This new law will bring the...
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 Corporations and Businesses, (The Corporate Tax Law). The recent...
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...
47 of 2022, and payable to the Federal Tax Authority under this Decree-Law and the Tax Procedures Law. The businesses will be subject to UAE Corporate Tax (CT) from the beginning of their first financial year, starting from 1st June 2023. Who is Corporate Tax Applied On? Resident person:...
It comes in Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses (the “Corporate Tax Law”). Businesses will become subject it from the beginning of their first financial year that starts on or after June 1, 2023. ...
7 of 2024, extending the filing and payment deadlines for certain tax periods under Federal Decree-Law No. 47 of 2022. URGENT: Corporate Tax Registration Due by 30th September! Reminder: Register for Corporate Tax To avoid penalties as per FTA Decision No. 3 of 2024 FTA Sets Corporate Tax ...
According to the UAE Federal Decree-Law No. 47 of 2022 on taxation of corporations and businesses (UAE CT Law), businesses are subject to UAE Corporate Tax (CT) from the beginning of their first financial year that starts on or after 1 June 2023. ...
As the first financial year following the introduction of the Corporate Tax Law (“CT Law”) comes to a close for many businesses in the United Arab Emirates, it is important to ensure taxpayers meet statutory deadlines and understand the key technical positions which will underpin the financial...
On March 7, Law No. (1) of 2024 (“Law”) on taxation of foreign banks operating in Dubai was issued by the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. This decision is effective from the date of its publication in the official...
UAE Expected to Issue Draft Law on Corporate Tax and VATJennifer A. Lovesy