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UAE announces major tax rule update for residents

UAE announces major tax rule update for residents

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...
UAE tax registration starts on Monday, May 15

UAE tax registration starts on Monday, May 15

by Danissa Guotana | May 15, 2023 | Corporate Tax, Other Tax

UAE tax registration will open from Monday, May 15, according to authorities. The Federal Tax Authority (FTA) has launched registration for Corporate Tax through the EmaraTax digital tax services platform for Public Joint Stock Companies and Private...
UAE CT: In ‘transfer pricing’ update, companies with at least Dh200m must maintain documents

UAE CT: In ‘transfer pricing’ update, companies with at least Dh200m must maintain documents

by Danissa Guotana | May 11, 2023 | Business, Corporate Tax, Other Tax

Dubai: The long-awaited updates related to Transfer Pricing under the UAE Corporate Tax has been issued by the Ministry of Finance. The Ministerial Decision No (97) of 2023 relate to the requirements for maintaining transfer pricing documentation. The decision...
UAE CT: Anticipation at its peak as free zone businesses await 0% ‘qualifying income

UAE CT: Anticipation at its peak as free zone businesses await 0% ‘qualifying income

by Danissa Guotana | May 8, 2023 | Business, Corporate Tax, Other Tax

Dubai: Businesses, their owners, and auditors in the UAE are awaiting the next big update on the corporate tax – the one related to ‘qualifying income’ for free zone entities and on which they get the 0 per cent tax benefit. A decision on this is ‘imminent’, according...
UAE Corporate Tax 2023 deadline looms: Everything you need to know

UAE Corporate Tax 2023 deadline looms: Everything you need to know

by Danissa Guotana | May 3, 2023 | Business, Corporate Tax, Other Tax

UAE businesses will become subject to corporate tax from the beginning of their first fiscal year that begins on or after June 1, 2023 – here is everything you need to know as the deadline looms. The UAE officially issued a federal decree-law on corporate...
UAE corporate tax: Board reviews plans to implement scheme

UAE corporate tax: Board reviews plans to implement scheme

by Danissa Guotana | May 1, 2023 | Business, Corporate Tax, Other Tax, VAT

The Federal Tax Authority (FTA) will launch four transformative projects aimed at enhancing the UAE’s competitiveness and realising its vision for the future. A Muwafaq package is designed to boost ease of doing business and tax compliance of small and medium-sized...

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