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UAE Corporate Tax: Businesses must register July 31 or face $2,723 penalty

by PREMA Team | Jul 30, 2025 | Corporate Tax

The Federal Tax Authority (FTA) has renewed its call for Corporate Tax registrants who have not yet registered to submit their registration applications, stating that filing their first Tax Returns through the ‘EmaraTax’ digital tax services platform will enable them...

UAE emerges as top global safe-haven for wealth in new tax index

by Danissa Guotana | Jul 25, 2025 | Business, Corporate Tax, Other Tax, VAT

The UAE has emerged as the world’s most attractive destination for wealth preservation, with Abu Dhabi and Dubai topping the newly released Tax Friendly Cities Index 2025 by global mobility platform Multipolitan. The report underscores the UAE’s status as a global hub...

FTA announces AED 3.2B in tax refunds for UAE homebuilders

by PREMA Team | Jul 21, 2025 | Corporate Tax, VAT

On Sunday the FTA revealed the results of these systems for the first half of the year, including the VAT refund system for new residences for UAE nationals and the VAT refund system for tourists. The FTA announced that, since the launch of the service approximately...

New rule: UAE firms can now deduct tax depreciation on fair-valued investment property

by PREMA Team | Jul 18, 2025 | Corporate Tax

Abu Dhabi: UAE Ministry of Finance has issued a new rule allowing companies to deduct depreciation on investment properties held at fair value — a move that brings these firms in line with those using a historical cost method for accounting. The Ministerial Decision...

UAE’s FTA urges quick Corporate Tax registration to benefit from penalty waiver

by PREMA Team | Jul 17, 2025 | Corporate Tax

Abu Dhabi: The Federal Tax Authority (FTA) is calling on UAE businesses to quickly register for Corporate Tax to benefit from a penalty waiver initiative that exempts them from a Dh10,000 fine for late registration. As of July 16, the number of registered entities for...

UAE issues tax guidance to help businesses

by PREMA Team | Jun 25, 2025 | Corporate Tax, Other Tax

The UAE Ministry of Finance has released Mutual Agreement Procedure (MAP) guidance to help taxpayers avoid double taxation through its global tax treaty network. The UAE Ministry of Finance has issued official Mutual Agreement Procedure (MAP) guidance to...

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