Introduction: On June 1, 2023, the UAE ushered in a significant change with the implementation of corporate tax. Set at a competitive 9%, this tax regime aims to maintain the nation’s appeal to businesses. However, the nuances of corporate tax, especially concerning tax losses, demand attention. In this piece, we delve into the intricacies of …
The UAE has long been renowned for its business-friendly policies, attracting significant foreign investment from multinational corporations and investors. However, in a bid to diversify revenue streams beyond tourism and oil, the UAE is set to implement a new corporate tax (CT) starting from June 1, 2023. Federal Decree-Law No. 47 of 2022, commonly referred …
In the fast-paced business landscape of the UAE, understanding and harnessing the power of corporate tax deductions are paramount for companies aiming to thrive. With the UAE solidifying its position as a global economic powerhouse, grasping tax strategies has become more crucial than ever. Let’s dive into the intricacies of corporate tax deductions in the …
Understanding Corporate Tax Deductions in the UAE Read More »
In the ever-evolving business milieu of the UAE, adept management of your corporate tax obligations stands as a linchpin for achieving sustainable success. Among these obligations, timely and compliant filing of corporate tax returns reigns supreme. However, delving into the intricacies of tax returns is no straightforward feat. In this discourse, we aim to demystify …
The United Arab Emirates has positioned itself as a dynamic hub for global business, captivating enterprises worldwide. Its enticing tax structure, characterized by nominal corporate taxes, holds substantial appeal for international businesses. Amid the burgeoning economic activities, one crucial concept takes center stage in corporate taxation: The Permanent Establishment (PE). In this blog, we will …
Permanent Establishment in The UAE Corporate Tax Read More »
The advent of corporate tax in the UAE has triggered a surge of inquiries, especially among freelancers, who are seeking clarity on its implications. As the landscape of corporate taxation in the country is relatively new, there is a palpable sense of uncertainty among freelancers regarding their tax obligations under this new regime. To address …
Navigating Corporate Taxation for Freelancers in the UAE Read More »
Corporate Tax is essentially a tax that applies to a company’s profits. These profits are calculated after considering all the allowable expenses in line with a country’s tax laws. In the UAE, the topic of corporate tax has become a matter of discussion since the implementation of a new law known as Federal Decree-Law No. …
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