Free Zones in UAE offer an array of incentives and exemptions, making them a popular choice for businesses looking to thrive in the region. This article explains the applicability of corporate tax or levy to free zones, the criteria for exemption eligibility, and the corporate tax registration process. Therefore, Taxable Persons are advised to seek … Read more
A Foreign Permanent Establishment refers to a branch, representation, or any business operations carried out by a Resident Person in a foreign jurisdiction, meeting the criteria specified in Article 14 of the UAE Corporate Tax Law. The exemption related to Foreign Permanent Establishments is elaborated as per Article 24 of the Corporate Tax Law which explains … Read more
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
The UAE Corporate Tax Law establishes the eligibility criteria for an investment fund to be exempt from Corporate Tax. The term Investment Fund refers to an arrangement or legal entity whose primary purpose and activity involve pooling investor funds and investing them according to a defined investment policy. This encompasses real estate investment trusts, mutual … Read more
The introduction of Corporate Tax through Federal Decree-Law No. 47 of 2022 changed the game for businesses having clients from around the world. The law is simple: as a Taxable Person operating in the UAE, you must know precisely where your income comes from — within the UAE or abroad? Under the new Corporate Tax … Read more
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