Qualifying Income is defined as the income that qualifies for the 0% corporate tax rate applicable to entities within the UAE’s Free Zones after satisfying the criteria stipulated in Cabinet Decision No. 100/2023. Qualifying Income is not associated with a business or establishment of the Qualifying Free Zone Person beyond the Free Zone. Also read: … Read more
To enhance clarity and performance for taxpayers, the UAE Federal Tax Authority or FTA issued Decision No. 5/2024 dated on July 19, 2024 on the refund of fees for private clarification requests. This new policy came into effect commencing from August 1, 2024. To Whom Can a Clarification Request Be Submitted? In any case, it … Read more
Outsourcing bookkeeping and accounting operations to premier accounting firms in the UAE helps businesses maintain accounting integrity and effectively ensure compliance with accounting regulations and principles. Thus, this article thoroughly explains the benefits of outsourcing accounting services in the UAE. Here Are the Benefits of Outsourcing Accounting Services Accounting outsourcing offers many advantages as stated … Read more
A bookkeeper is probably one of the most important individuals for your business. He handles all the financial aspects of your company as you focus on growing your business and expanding its potential. Hiring in a rush without giving much thought to what skills and whom exactly you want to hire can be risky as … Read more
The UAE Federal Tax Authority recently published a Basic Tax Information Bulletin, tailored for natural persons. The bulletin equips Taxable Persons with detailed knowledge to help them fulfill their tax(levy) obligations efficiently. Thus, businesses are advised to seek the expert services of top Tax Consultants in the UAE to effectively ensure corporate tax compliance. Under … Read more
On 19th July 2024, the UAE Federal Tax Authority (FTA) introduced a new policy to refund the fees for private clarification vide FTA Decision No. 5 of 2024, declared effective from the 1st of August 2024. This decision simplifies and improves the previous regulation of fees for private clarifications, indicating under which conditions a refund … Read more
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