February 2022 - Creative Tax & Accounting

15 Feb 22

A welcome relief for UAE businesses: Penalty waivers and penalty installments

Zohaib Zohaib
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A new Cabinet Decree No. 105 of 2021 has been issued related to penalty waivers and penalty installments. The new cabinet decision will become effective on March 1, 2022. In accordance with this law, taxable persons can apply for installment payment or a waiver of administrative penalties in whole or…

04 Feb 22

UAE Introduces 9% Corporate Tax For Businesses From 2023

Zohaib Zohaib
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Some businesses have been drawn to the Gulf nation because of the duty-free regime. Now, a new UAE corporate tax erodes UAE’s tax-free status while Free-Zone entities will continue to receive tax incentives. However, we will see that the new Corporate Tax regime remains very attractive compared to other countries.…

Month: February 2022

A welcome relief for UAE businesses: Penalty waivers and penalty installments

UAE Introduces 9% Corporate Tax For Businesses From 2023

File Early & Save 50% on Corporate Tax Filing Fees

UAE Payroll Outsourcing in 2026: Why More Businesses Are Letting Go of In-House Payroll

Voluntary Disclosure in the UAE: Why Fixing Your Tax Errors Now Is Cheaper Than Waiting for the FTA