Corporate Tax Archives - Creative Tax & Accounting

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,…

08 Nov 24

Tax Residency and Corporate Tax Obligations in the UAE

The first and foremost particular that impacts corporate tax is the resident status of a company. Therefore, it is important to understand the tax residency guidelines in the UAE. The common differentiating terms in this scenario are resident person and non-resident person. We will explain these in detail in our…

18 Oct 24

Role of De Minimis in Corporate Tax UAE

A free zone person may prefer to become a qualifying free zone person to enjoy 0% corporate tax. However, the 0% rate is only applicable to qualifying income. There are certain requirements that the entities must fulfill to get this incentive. One of these conditions is to meet the de…

14 Oct 24

Fintech – The Future of Finance

Technology isn’t just changing the world; it’s turning it into a tightly-knit, fast-moving “global village.” And nowhere is this transformation more obvious than in finance, thanks to the rise of Fintech. What used to be a manual, painfully slow process has become lightning-fast, automated, and ridiculously efficient. What is Fintech? Fintech…

27 Sep 24

Managing Corporate Tax Losses for UAE Businesses

With a new tax regime in the UAE, businesses will now be liable to pay taxes on their profits. The standard rate of corporate tax is 9% for businesses earning over AED 375,000 in a tax year. However, there is a 0% tax rate for entities with taxable income of…

20 Sep 24

Maintaining Books in Light of Corporate Tax

The new tax regime in the UAE not only brings corporate tax responsibilities but also changes business management. For instance, the calculation of corporate tax requires data that depends on various business documents, such as financial statements. Therefore, there is now a need to manage books that satisfy the tax…

Corporate Tax

Impact of Corporate Tax on Accounting Function in the UAE

Corporate Tax Compliance 2025 Checklist for UAE Entities

Maximizing Deductions and Avoiding Penalties – UAE CT

The Cost of Corporate Tax Compliance in the UAE

Impact of UAE Corporate Tax on Accounting Practices

Tax Residency and Corporate Tax Obligations in the UAE

Role of De Minimis in Corporate Tax UAE

Fintech – The Future of Finance

Managing Corporate Tax Losses for UAE Businesses

Maintaining Books in Light of Corporate Tax

Impact of Corporate Tax on Accounting Function in the UAE

Corporate Tax Compliance 2025 Checklist for UAE Entities

E-Invoicing in the UAE

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