by PREMA Team | Nov 9, 2023 | Corporate Tax, PREMA Insights
Violations and Penalties applicable to UAE Corporate Tax Law Businesses in the UAE must be compliant with the existing Corporate Tax laws (Federal Decree Law no. 47), to avoid paying any penalties or fines. It is highly recommended that they register for corporate tax...
by PREMA Team | Nov 9, 2023 | Corporate Tax, PREMA Insights
Different ways to get Tax Relief from UAE Corporate Tax A Tax relief could be any government initiative or program or a policy designed to help businesses reduce their tax burden or resolve their tax liabilities which could be in the form of tax cuts, different tax...
by PREMA Team | Oct 19, 2023 | Corporate Tax, PREMA Insights
Taxation is a form of mandatory payment or levy collected by the government or those authorized by the government, from taxpayers to cover the costs of public expenditures. UAE, as a means of reducing its dependency on oil backed revenue while continuing to provide...
by Danissa Guotana | Sep 6, 2023 | Corporate Tax
The UAE has urged companies in the country to register for corporate tax in the country. The UAE’s Federal Tax Authority (FTA) called on Public Joint Stock Companies (PJSCs), Private Shareholding Companies (PSCs), limited liabilities companies and private companies...
by Danissa Guotana | Aug 4, 2023 | Corporate Tax
The UAE’s Ministry of Finance has announced the issuance of Cabinet Decision No. (75) of 2023 regarding administrative penalties for violations related to the Federal Decree-Law No. 47 of 2022 on the taxation of corporations and businesses. The decision specifies...
by Danissa Guotana | Jul 12, 2023 | Accounting, Business, Corporate Tax
The UAE’s Ministry of Finance (MOF) has announced five major projects as it looks to develop the national economy and government readiness. The projects include corporate tax, supply chain strategies, climate data transparency and partnerships between the...
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