It is vital to demystify the concept and the details of UAE corporate taxation. Corporate tax is a duty imposed on a business’s profits that impacts its financial site. Personalized for natural persons, this guide helps to understand the shades of corporate tax(levy) UAE for Natural Persons that unties difficulties for individual clarity. Understanding corporate … Read more
The Legal Basis for Excise Tax Deregistration in the UAE The UAE’s excise tax framework rests on Federal Decree-Law No. 7 of 2017, with its Executive Regulation set out in Cabinet Decision No. 37 of 2017. That regulation has been amended twice since: first by Cabinet Decision No. 108 of 2023, issued 6 November 2023 … Read more
The UAE has introduced a tax system for excise goods, which are goods that are harmful to human health or the environment, such as tobacco, energy drinks, and carbonated drinks. The tax system aims to reduce the consumption of these goods and increase government revenue. The tax system is based on the Ministerial Decision 108 … Read more
The UAE government introduced the excise tax in 2017 as part of its efforts to diversify its revenue sources and discourage the consumption of goods that are harmful to human health or the environment. This is an indirect tax that applies to different categories of products/goods, for instance, electronic devices for smoking, products made by … Read more
The Federal Decree-Law No. 47 of 2022 introduced a corporate tax regime in the UAE effective June 1, 2023. Under this new tax law, certain entities are exempt from corporate tax UAE due to strong public policy justifications. These exempt entities are known as “Exempt Persons”. This article will discuss the key categories of Exempt … Read more
Commencing from June 1st, 2023, the United Arab Emirates (UAE) has enacted regulations for business taxation purposes. As delineated by the Federal Tax Authority, businesses surpassing a specified revenue threshold are now obligated to enroll in either corporate tax or business tax in the UAE. This law serves as an extensive guide on UAE business … Read more
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