Corporate Tax

Compliance is generally an ongoing matter; however, there are certain times when it is necessary to have special attention. For instance, the time of year-end closing is important in this regard. This is the time when books or accounts are reconciled and move towards the direction of finalization. The end…

Most businesses in the UAE are required to have an annual audit, while some entities do so on a voluntary basis. As a yearly activity, the preparation is not yearly; entities must be ready beforehand to avoid hassle and panic at the eleventh hour. In 2025, there are advanced systems…

Most recently, the UAE’s Ministry of Finance introduced new tax clarifications for free zones. Specifically, this pertains mainly to corporate tax. As a result of decisions, it is evident that the UAE government is committed to making the UAE a competitive and trustworthy business destination. The new updates are provided…

With the introduction of corporate tax in the UAE region, a common question arises: “How to file the tax return?” The UAE government has taken measures to make the process as simple as possible. However, every taxable person must understand the process to avoid any negative outcomes, such as penalties.…

One of the concerns for any business is taxation and compliance. Firms usually consider two factors in this regard. Firstly, the relevant tax rates in a jurisdiction, and secondly, the overall taxation system or framework. However, many other factors contribute towards a business’s decision to operate in or from a…

The rise of sustainability and ESG reporting in the UAE is not a coincidence; rather, it is supported by years of the UAE’s commitment to the environment and good governance. The government’s role is evident in keeping the climate first through a net-zero strategy. Specifically, this strategic initiative is a…

Compliance isn’t just about filing your business taxes on time and keeping accurate records—it’s also about being prepared for tax scrutiny, including VAT and transfer pricing audits. In the UAE, the Federal Tax Authority (FTA) oversees the collection, management, and enforcement of tax laws and regulations. This means your business…

The term “family foundation,” within the context of corporate tax law, is not an entity type that is unequivocally recognisable in the UAE’s legal framework. A family foundation is a corporate tax concept, understood as an entity that families may use for the management and preservation of wealth across generations.…

To enhance the transparency and efficiency of the overall business ecosystem, one of the core building blocks is electronic invoicing. It aligns with the UAE’s goal of a digital and paperless economy. Electronic invoicing, or e-invoicing, is more than just a digital version of a traditional invoice; it’s a system…

There are instances when a company sells its products to another company in the same group. This is simple if taken with a layman’s perspective; however, there are tax consequences when there is an internal transfer of products. The transfer pricing rules come into play in these scenarios. It is…