A Guide to Corporate Tax Registration and Filing Timeline
Ervee Villanueva
Guide to Excise Tax Deductions in UAE Designated Zones
UAE’s Excise Tax is an indirect targeted way of discouraging the consumption of products that pose a potential health risk to the public or the environment. It’s a levy on items like tobacco products, carbonated beverages, and energy drinks, not broad like VAT. On average, levies on these products range from 50% to 100%, … Read more
Guide on Determination of Tax Residency in UAE
Ministerial Decision No. 27 of 2023 on Implementation of Certain Provisions of Cabinet Decision No. 85 of 2022 on Determination of Tax Residency stipulates the requirements for taxable persons to be regarded as tax residents in the UAE. Therefore, for taxable persons to effectively assess and determine their tax residency, it is advisable to seek … Read more
Small Business Relief for the Purpose of Taxation of Corporations and Businesses
Ministerial Decision No. 73 of 2023 provides relief to small Businesses, aimed at easing their corporate tax burden and reducing compliance costs. The Decision stipulates a revenue threshold that qualifies for tax relief. Thus, it is advisable for small businesses to seek the expert services of Tax Consultants in UAE to establish their taxability and … Read more
What is the Process of Filing Returns and Payments for Excise Tax in UAE?
An excise tax is a tax imposed on specific goods that are deemed harmful to public health or the environment. In the United Arab Emirates (UAE), an excise tax(levy) was introduced in 2017 to promote a healthier lifestyle and diversify government revenue. It is important for businesses to comply with the tax regulation and file … Read more
Will UAE Corporate Tax be Applicable to Businesses in Each Emirate?
The UAE Ministry of Finance (MoF) announced on 31 January 2022 that a new federal corporation tax (CT) system will be adopted in the United Arab Emirates, effective financial years beginning on or after 1 June 2023. Except for Bahrain, the United Arab Emirates has the lowest corporate income tax rate in the GCC, at … Read more