24
Nov 23
Participation Exemption in UAE Corporate Tax
The UAE's tax framework provides several tax reliefs to taxable persons. This blog discusses participation exemption.
17
Nov 23
Reliefs Under Corporate Tax
Unlock UAE's corporate tax reliefs! From Small Business Relief to Tax Loss Relief, explore how businesses thrive in a low-tax environment.
13
Nov 23
What is a Permanent Establishment in Corporate Tax?
Explore UAE's tax landscape, decode Permanent Establishment under Federal-Decree Law. Stay informed for strategic financial decisions in the tax-friendly environment
01
Nov 23
Corporate Tax For Investment Funds In The UAE
Corporate tax impacts a diverse array of businesses and industries. With the introduction of a new regime in the UAE, comprehending the laws and regulations is imperative. Avoiding penalties and ensuring the seamless operation of businesses is a primary concern. Among the focal areas of corporate tax, investment funds hold…
20
Oct 23
Maintaining Financial Records for Corporate Tax in the UAE
The new corporate tax regime in the UAE highlights various aspects of managing businesses. The imposition of corporate tax doesn’t only mean calculating and paying taxes. It has impacted the very nature of managing a business. One of the key aspects of this business management evolution is maintaining financial records…
15
Sep 23
Understanding Recent UAE Corporate Tax Updates
Unlock the latest UAE corporate tax updates. Learn about accounting standards, penalties, and tax rates. Stay compliant and thrive in the UAE business landscape.
17
Aug 23
Corporate Tax for Partnerships in The UAE
The new corporate tax (CT) regime in the UAE is applicable from June 1, 2023. The main highlight is that businesses are now taxable for their profits. The standard CT rate is 9%; however, profits of up to AED 375,000 are taxable at a 0% rate. Resultantly, the standard rate…
04
Aug 23
Tax Evasion and Tax Avoidance: Key Differences
Tax evasion and tax avoidance are two concepts widely used in taxation. Businesses or even individuals can save their tax liabilities through various techniques that are either tax evasion or tax avoidance. Even though these involve saving tax liabilities, there is a massive difference in terms of legality and ethical…
28
Jul 23
Interest Deduction Limitation Rule in UAE Corporate Tax
What is a Tax Deduction or Deductible Expenditure? A tax deduction (or deductible expenditure) is an allowable expense that a business can claim to reduce its overall tax liability. These expenses reduce the income that is subject to taxation and thus decrease the overall tax liability of the business. These…
13
Jul 23
Tax Losses in Corporate Tax: Key Factors in the UAE
The UAE is implementing the corporate tax on June 1, 2023. In order to remain attractive for businesses, the UAE has set the standard rate of corporate tax at 9%. However, this 9% rate only applies to businesses that have taxable profits of over AED 375,000. Businesses with taxable profits…
