by Danissa Guotana | Jun 6, 2023 | Accounting, Business, Corporate Tax, Other Tax
The UAE has issued rules on whether income from real estate investments is subject to corporate tax in the country. The Ministry of Finance announced the rules in a cabinet decision, which clarifies rules on property across the United Arab Emirates. It outlines...
by Danissa Guotana | May 31, 2023 | Accounting, Business, CFO, Corporate Tax, Other Tax
On Tuesday, the UAE Ministry of Finance announced three new around the nation’s corporate tax regime. The decisions, which fall under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, include various features related to...
by Danissa Guotana | May 31, 2023 | Business, Corporate Tax, Other Tax
The UAE has issued rules governing transitioning of assets ahead of the country’s new corporate tax laws. The decision provides guidance on whether real estate assets will be considered for taxable purposes and how companies can provide an accurate balance sheet when...
by Danissa Guotana | May 24, 2023 | Accounting, Business, Corporate Tax, Other Tax
The UAE’s Ministry of Finance has announced three new decisions relating to corporate tax. The ministerial decisions clarify the conditions for the exemption of private regulated pensions and social security funds; the basis of preparing financial statements and...
by Danissa Guotana | May 19, 2023 | Accounting, Audit, Business, Corporate Tax, Other Tax
The UAE’s Federal Tax Authority (FTA) has introduced the ‘Tax Agents Classification’ initiative, to simplify tax compliance for taxpayers. The initiative provides an online procedure for taxpayers to select a specialised tax agent based on the sector their taxable...
by Danissa Guotana | May 19, 2023 | Accounting, Corporate Tax
The UAE has announced a new ministerial decision outlining rules on who should and should not pay Corporate Tax in the country. The new rules, announced on Wednesday, 17 May 2023 confirm that business owners in the UAE will only be liable to pay Corporate...
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