This covers juridical persons incorporated in the UAE under either mainland legislation or applicable Free Zone regulations and would also include juridical persons created by a specific statute. Foreign companies and other juridical persons may also be treated as Resident Persons for Corporate Tax purpos...
In landmark legislation published on 9 December 2022, the United Arab Emirates (UAE) introduced its corporate tax regime. This was in light of a general move towards a global minimum tax rate. It aims to do so while remaining attractive to businesses establishing and expanding in the Emirates...
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 ...
Our specialists will help you prepare and manage documents to optimize your tax obligations and maximize the tax relief applicable under the legislation. Get A Free Consultation and customer support service 24/7 from KWSME. Request tax-related queries and avail our quality services at a minimum co...
Any individual or company may be subject to a tax audit by the Federal Tax Authority (FTA) to determine if they conform with applicable tax legislation. Companies need to be ready for required and formal audits, particularly with the introduction of VAT in the United Arab Emirates. Businesses ...
Tax legislation in the UAE is constantly changing, making the VAT reclaim process for business visitors complicated and time-consuming. You can trust our experts to increase the likelihood of VAT refund filings getting approved by local tax authorities. Farahat & Co. employs a team of VAT recove...
The new legislation allowing 100 per cent foreign ownership of companies means this system will change. The companies that value the contribution their local partners make are likely to maintain those relationships, whereas companies with local partners that do little to promote the business will find...
As an accredited Tax Agency with an understanding of the VAT Registration/ Corporate Tax Legislation and Tax Procedures Law, we can effectively represent you in managing FTA procedures. FAQ's What is VAT Registration in Dubai? The United Arab Emirates has consistently provided lucrative monetary and...
This decision is effective from the date of its publication in the official gazette which is March 8 and shall apply to tax periods beginning after 8 March 2024. This new law annuls Regulation No.(2) of 1996 or any other legislation that may contradict it....
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