by PREMA Team | Jul 26, 2024 | Corporate Tax
Overview In the UAE, corporate tax is regulated by Federal Decree-Law No. 47 of 2022, also known as the Corporate Tax Law. This law outlines how taxable income should be calculated, including transactions between related parties, which must meet the arm’s length...
by PREMA Team | Jun 24, 2024 | Corporate Tax
Dubai: The The Federal Tax Authority (FTA) reminds Resident Juridical Persons subject to Corporate Tax with licenses issued in March and April, regardless of the year, to register by June 30, 2024 to avoid penalties. This enforces FTA Decision No. 3 of 2024 on...
by PREMA Team | May 31, 2024 | Corporate Tax
UAE residents subject to corporate tax with licences issued in March and April — regardless of the year of issuance — must submit their corporate tax registration application by June 30, the Federal Tax Authority (FTA) reminded on Friday. For juridical persons...
by PREMA Team | May 27, 2024 | Corporate Tax
The Federal Tax Authority (FTA) has issued a guide outlining the application of corporate tax to free zone persons in line with the free zone corporate tax regime, which enables qualifying free zone persons to benefit from a zero per cent corporate tax rate on...
by PREMA Team | May 14, 2024 | Corporate Tax
Effective from January 1, 2023, services performed by natural persons as members of a Board of Directors for government or private sector entities are no longer considered a supply of services for VAT purposes. This contrasts with the previous rule where such services...
by PREMA Team | May 7, 2024 | Corporate Tax
Diversity of Investment Funds The UAE offers a broad spectrum of investment funds, including public and private funds, equity funds, hedge funds, and Real Estate Investment Trusts (REITs). These vehicles allow investors to pool resources, accessing investment...
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