Corporate Tax

As a global business hub, the UAE always promotes ethical and transparent business practices. One of the aspects in this regard is taxation. When there is an interaction of global business players, there is a need for international cooperation to combat tax evasion. The UAE follows two main standards in…

The growth of any society depends on the quality of research and development that leads to innovation. In the UAE, the government aims to provide benefits and reliefs to firms, leading to high-tech advancements. One such relief is in the form of tax incentives. Taxation responsibilities have a significant impact…

The UAE is committed to going all in for a paperless economy or digital economy, however, in a way that is compliant too. One of the initiatives in this regard is the electronic or e-invoicing program. The new system will be applicable from 2026. It is an arrangement that allows…

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…

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…

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…