by Danissa Guotana | Apr 26, 2023 | Business, Corporate Tax
Article 1 – Definitions The words and expressions contained in this Decision shall have the same meaning assigned against each in the Federal Decree-Law No. 47 of 2022 referred to above, unless the context otherwise requires. Article 2 – Conditions for Change in Tax...
by Danissa Guotana | Apr 24, 2023 | Business, Corporate Tax
The tax exemption is aimed at designed to reflect these entities’ important role in the country, which often includes religious, charitable, scientific, educational or cultural value. The UAE said to qualify for the exemption, eligible entities must meet the...
by Danissa Guotana | Apr 11, 2023 | Corporate Tax, Other Tax
ABU DHABI – The Ministry of Finance has issued Ministerial Decision No. 43 of 2023 on the exception from tax registration for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax Law). The decision is...
by Danissa Guotana | Mar 24, 2023 | Business, Corporate Tax
The UAE’s business policies have always centred around promoting economic growth, diversification and entrepreneurship. This blueprint has enabled the country to move away from its traditional reliance on oil and gas revenues and successfully diversify into areas such...
by Danissa Guotana | Mar 17, 2023 | Business, Corporate Tax, Other Tax, VAT
The Federal Tax Authority (FTA) has launched the “Muwafaq Package” initiative, which aims to facilitate doing business and tax compliance in the small and medium-sized enterprises (SMEs) sector by offering them a set of customised services, incentives, and...
by Danissa Guotana | Feb 2, 2023 | Corporate Tax
The Ministry of Finance (MoF) in the UAE has set the taxable income threshold for corporate tax under the new law. The decision follows the issuance of Federal Decree Law on the Taxation of Corporations and Business (the “Corporate Tax Law”) in December...
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