May 2026 - Creative Tax & Accounting

25 May 26

Impact of Corporate Tax on SMEs in the UAE

UAE Corporate Tax affects small and medium-sized enterprises differently depending on their legal structure, revenue, taxable income, and available relief options. While many SMEs may benefit from the 0% rate on taxable income up to AED 375,000, or from UAE Small Business Relief where the conditions are met, this does…

24 May 26

Group & Restructuring Reliefs in the UAE Corporate Tax

The UAE Corporate Tax framework includes reliefs that may help qualifying businesses reorganize, consolidate, or transfer assets without triggering immediate tax consequences. These rules can be valuable for companies planning internal restructuring, ownership changes, mergers, or group-level transfers. However, group and restructuring reliefs in UAE Corporate Tax are not automatic.…

21 May 26

FTA Penalty Waiver: Steps UAE Businesses Should Take

The Federal Tax Authority (FTA) introduced a penalty waiver that waives the corporate tax registration penalty. There is a hefty penalty (AED 10,000) for any entity that misses the specified corporate tax registration application deadline. However, the FTA penalty waiver can apply to entities that do not meet the corporate…

14 May 26

UAE E-Invoicing for Small Business 2027: What You Need to Know Before the Deadline

E-invoicing in the UAE is no longer a future concept, but a confirmed compliance shift that will impact businesses across the country. While much of the conversation has focused on large corporations, small and medium-sized businesses will also be required to comply. The UAE government is introducing a structured electronic…

13 May 26

VAT Audit in the UAE: What Businesses Should Prepare For?

“Audit” is most commonly referred to as the examination of financial statements, the year-end audit. However, there is a not-so-common audit known as the VAT audit in the UAE. The question is what it is and how businesses should prepare for it. Is there any specific date, or can it…

13 May 26

Allowable Expenses under UAE Corporate Tax Rules

Every business incurs expenses; however, certain expenditures are not allowable or non-deductible under the tax laws. This may sound unusual, but it is true, and every business must follow it, depending on the jurisdiction where it operates. Entities must comply with the tax laws, primarily the corporate tax law, and…

Month: May 2026