What a Qualifying Investment Fund Is An Investment Fund, under the UAE Corporate Tax Law, is an arrangement or legal entity whose primary purpose and activity is pooling investor funds and investing them in accordance with a defined investment policy for the benefit of investors. This definition covers a wide range of structures: mutual funds, … Read more

Why State-Sourced Income Matters Under UAE Corporate Tax Federal Decree-Law No. 47 of 2022 changed what businesses with international clients or operations need to track carefully: precisely where their income actually comes from, not just how much of it there is. Under the law, taxable income up to AED 375,000 is charged at 0%, with … Read more

As per Cabinet Decision No. 68 of 2023, businesses and business activities held by Federal Government Entities are to be treated as a single taxable person under specific conditions. This Decision aims to simplify Corporate Tax procedures and ensure consistency in tax treatment for government entities, specifying the conditions federal and local government entities must … Read more

The UAE Corporate Tax Law provides exemption provisions for distinct categories of Taxable Persons. Cabinet Decision No. 7 of 2023 stipulates the conditions for tax registration and the timeline for exempt persons to apply for exemption, along with guidelines for determining alternative effective dates for exemptions in specific scenarios. These provisions aim to streamline the … Read more

How UAE Corporate Tax Treats Entertainment Expenditure Businesses that entertain clients, host shareholders, or treat suppliers to meals, events, or hospitality incur costs that are entirely legitimate from a commercial standpoint — and the UAE’s Corporate Tax framework recognizes this. The law allows a deduction for entertainment expenditure, but not in full. A specific partial … Read more