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

Corporate tax registration is a vital requirement for businesses operating in the UAE. Failure to adhere to the regulations and standards set by the Federal Tax Authority (FTA) results in substantial fines for taxable entities. The corporate tax rate is 0% for taxable income up to AED 375,000, and for income exceeding this threshold, it … Read more

For corporate taxation in UAE, entities identified as Taxable Persons are obligated to complete corporate tax registration. This tax is imposed on a corporation’s net income or generated revenue. The regulatory framework governing corporate tax in the UAE is outlined in Federal Decree-Law No. 47 of 2022, specifying the scope, conditions, and standards for corporate … Read more

Corporate tax in UAE has been effective from June 1st, 2023. As per the rules laid down by the Federal Tax Authority, businesses that have revenue above the threshold value are required to register for corporate tax or business tax in the UAE. In this article, we will give you step-by-step guidance on how to register … Read more