A company’s management is vitally important. A business can use many tools and techniques to achieve this. Auditing the company regularly is one such method. Auditing your company is a mandatory requirement in many jurisdictions, including the United Arab Emirates. Even if the audit is not mandatory, management must do it. This will enable the … Read more
The Dubai Free Zone area is a growing hub of economic activities and it is an ideal location to set up businesses. It has the perfect combination of resources, grants, tax benefits, and a strategic setting. Thus, it is advisable for businesses to avail the services of accounting firms in Dubai, UAE to seamlessly implement … Read more
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 Decision No. 68 of 2023, businesses and business activities held by Federal Government Entities shall 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 gov entities. It specifies the conditions that must be met for federal and … Read more
Corporate Tax Law in UAE furnishes provisions for exemption from corporate tax to distinct Taxable Persons. Cabinet Decision No.7 of 2023 stipulates conditions for tax registration and the timeline for exempt persons to apply for exemption, as well as guidelines for determining alternative effective dates for exemptions. These provisions aim to streamline the corporate tax … Read more
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