Tax Archives - Page 3 of 3 - Creative Tax & Accounting

23 Nov 22

UAE Corporate Tax: Transfer of Losses Between Group Entities

An insight into the potential corporate tax regime (“CT”) has been provided by the UAE Ministry of Finance (“MoF”) on April 28th. The consultation paper discusses these insights. Please note that the information shared in the consultation is not final. Public consultations support transparency in the UAE and recognize stakeholder…

27 Oct 22

Transfer Pricing in UAE – What does it mean?

A federal corporate tax (CT) in the UAE was announced by the UAE Ministry of Finance (MoF) on 31 January 2022. The new CT will come into effect after 1 June 2023. In the MoF’s press release and the Federal Tax Authority’s FAQs, UAE CT regime details are provided. Our…

22 Sep 22

5 Common UAE VAT Misconceptions

While UAE VAT is often considered a simple tax, the reality is different. In our previous UAE VAT returns articles, we talked about common mistakes made by businesses and what you need to know about the types of VAT in the UAE. In this post, we will cover some of…

18 Aug 22

FTA Tax Audit In UAE

An FTA Tax Audit in UAE is an examination of various records kept by the taxpayers to ensure that their VAT liability is accurate, one of the compliance checks. The FTA may perform a tax audit at the taxable person’s business premises as part of a ‘field tax audit’ or…

01 Aug 22

UAE Free Zone Companies Are Not Tax-Free

Many investors and business owners choose to do business in UAE because of its tax free regime (not fully, though!). Following the release of the UAE VAT Law Framework, many businesses have been asking about VAT on free zones. This underlines the importance of the VAT framework. The UAE free…

15 Jun 22

Corporate Taxation In The UAE – Who Is Subject To UAE Corporate Tax?

Historically, the UAE has been home to plenty of businesses that have been subject to zero income taxes. With the announcement of federal corporate tax (CT) by the Ministry of Finance (MOF), however, this situation will change. CT will become effective for fiscal years beginning after 1 June 2023. So,…

Tax

UAE Corporate Tax: Transfer of Losses Between Group Entities

Transfer Pricing in UAE – What does it mean?

5 Common UAE VAT Misconceptions

FTA Tax Audit In UAE

UAE Free Zone Companies Are Not Tax-Free

Corporate Taxation In The UAE – Who Is Subject To UAE Corporate Tax?

Maximizing Deductions and Avoiding Penalties – UAE CT

Common Tax Pitfalls and Tips to Avoid Them

Impact of UAE Corporate Tax on Accounting Practices

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