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

The UAE Corporate Tax Law allows certain deductions in the computation of taxable income, while also setting out specific circumstances where deductions aren’t permitted. Every taxable person in the UAE is entitled to particular deductions when calculating taxable income, and understanding both what’s deductible and what isn’t is essential to an accurate Corporate Tax return. … Read more

This article seeks to explore the implementation of corporate tax in UAE on the distribution of medical supplies. These provisions apply to companies engaging in the import, export, wholesale, or retail distribution of pharmaceuticals, medical devices, and other related healthcare supplies within the UAE. Whereas, a standard rate of Corporate tax is imposed with certain … Read more

Taxes on taxable profits are collected by corporations through corporate income tax. The profit remaining after deducting all expenses permitted by the nation’s tax regulations is referred to as taxable income. As a result of the introduction of a new law, Federal Decree No. 47 of 2022, the idea of corporate income tax is currently … Read more