Corporate Tax Archives - Creative Tax & Accounting

13 Apr 25

VAT and Corporate Tax Interplay in the UAE

In January 2018, the UAE introduced value-added tax (VAT) at a standard rate of 5% on taxable supplies. After nearly five and a half years, from June 2023, businesses are liable for corporate tax (CT) too, with a 9% standard rate. For businesses, these are two different sets of tax…

24 Mar 25

Corporate Tax in Mainland Vs Freezone in the UAE

The introduction of corporate tax in the UAE divides the region into two parts concerning tax obligations. These are segregated into mainland and free zone areas. Depending on the nature of the business, an entity might register in either the UAE mainland or a free zone area. However, there are…

Tax Residency Status & UAE Corporate Tax Obligations

13 Mar 25

Tax Residency & UAE Corporate Tax Obligations

In the tax landscape, we often refer to the specific resident status of a company. Why is it so? The primary reason is that businesses might have different taxation rules depending on their resident status. The point of reference is, therefore, the relevant tax laws. In the UAE, the primary…

21 Feb 25

De Minimis Requirement in UAE Corporate Tax

A free zone entity can achieve a 0% corporate tax rate if it becomes a qualifying free zone person. To become a qualifying free zone person, there are certain conditions to meet. One of those conditions is to satisfy the de minimis requirement. Yes, at first it is a bit…

14 Feb 25

Common Tax Pitfalls in the UAE and How to Avoid Them

There are instances when a business or a taxable person commits mistakes that may result in a penalty. On the other hand, a taxable person may be unaware or simply forget to claim a tax relief that might have resulted in a lower tax liability. Both these cases are not…

17 Jan 25

Impact of Corporate Tax on Accounting Function in the UAE

In the UAE, as the corporate tax is applicable from 1st June 2023, and onwards, there are various aspects that businesses must look to. One of the key areas is the change or effect on accounting services. As the calculation of corporate tax is primarily based on financial information, there…

10 Jan 25

Corporate Tax Compliance 2025 Checklist for UAE Entities

As the new year “2025” started with positive resolutions, the goal of every business is not just achieving financial success but also being compliant. This keeps the overall business running smoothly and avoids fines and penalties. Furthermore, a compliant enterprise usually has a high reputation in the business world. In…

Minimizing Deductions and Avoiding Penalties

19 Dec 24

Maximizing Deductions and Avoiding Penalties – UAE CT

As the UAE’s new legal framework concerning corporate tax is in place, every business strives to comply. This includes keeping up well with the relevant laws, thus avoiding penalties. However, the goal should not be just minimizing the occurrence of fines but taking maximum deductions. In the UAE, tax laws…

06 Dec 24

The Cost of Corporate Tax Compliance in the UAE

Every day, in the business world, we hear that enterprises must comply with the relevant laws of the jurisdiction. However, one must grasp the fact that it comes with a price. Similarly, tax compliance is as important as any other business responsibility. In the UAE, corporate tax is liable now…

22 Nov 24

Impact of UAE Corporate Tax on Accounting Practices

After the introduction of corporate tax in the UAE, there are chains of changes in the business world. It is not just about 9% tax but more than that. Accounting profit is the basis for calculating taxable income. Therefore, there is a strong relationship between accounting and taxable income. However,…