Taxable Person must file a Tax Return in applicable format by no later than nine months from the end of the relevant Tax Period. The same timeframe would be applicable for the payment of any Corporate Tax due in respect of the Tax Period for which a CT return is filed. Corporate Tax Ra...
4.Tax conditions Corporate tax: Dubai imposes a 0% corporate tax rate on income up to AED 375,000 and a 9% rate on income beyond that threshold. Companies operating in a free trade zone are exempt from corporate tax for a specified period (15-50 years). Value-added tax (VAT): ...
An individual will be tax resident if their residence and principal interests are in the UAE; or if they have been present for 183 days or more in a consecutive 12‑month period. Tax residency also applies to UAE citizens, UAE residents, or GCC nationals with a permanent UAE residence; ...
Corporate tax returns must be submitted within nine months following the end of the relevant tax period. Corporate tax in the UAE Corporate Tax (CT), a form of direct tax, also known as Corporate Income Tax or Business Profits Tax, is levied on a business’s net income or profit. The ...
Filing of UAE corporate tax AfterUAE company registration, companies must prepare for their first corporate tax filing, due within nine months after the end of their relevant tax period. Any UAE corporate tax payable must also be settled within this timeframe. ...
Corporate Tax under Article 21 of this Decree-Law – Small Business Relief, a Taxable Person that is also a resident of UAE does not exceed the minimum amount of Income tax for an Excise Period: The Profits of the Taxable Person for the related Tax Period and former Tax Periods do not ...
Given corporate tax is imposed on an annual basis, it is necessary to specify the 'Tax Period'. The Tax Period will normally be the Gregorian calendar year (i.e. from 1 January to 31 December) unless the business applies a different 12-month period for preparing its financial statements. ...
business activity exceeds AED3 million in any tax period and such persons have elected to apply for Small Business Relief, this would be considered an arrangement to obtain a Corporate Tax advantage under Clause (1) of Article 50 regarding the general anti-abuse rules of the Corporate Tax Law...
To assist businesses we have summarised key actions to help navigate the period prior to the end of the year. Pre year-end actions required due to statutory deadlines Corporate tax registrations - Taxable Persons must register for corporate tax within the deadlines specified by the Federal Tax ...
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