Corporate Tax Archives - Page 4 of 6 - Creative Tax & Accounting

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

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…

06 Oct 23

Corporate Tax for Freelancers in the UAE

Corporate tax is a new topic for businesses operating in the UAE. Therefore, everyone has a different question in mind regarding corporate tax. One of these questions is what will be the case for freelancers in the new corporate tax regime. The question is simple; however, there are different ways…

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…

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…

22 Jun 23

Understanding Corporate Tax in the UAE: Your FAQs

Understanding Corporate Tax in the UAE: Your FAQs Answered 1. What is corporate tax, in simple words? In simple words, “corporate tax” refers to a type of tax that applies to the profits of companies or corporations. It is a tax that a business pays on its income after deducting…

12 Jun 23

Incomes Exempt from Corporate Tax in the UAE: A Guide

According to recent developments in the UAE, businesses are going to be taxable for corporate tax (CT) starting June 1, 2023. The guidelines are set out in Federal Decree-Law No. 47 of 2022. The general CT rate will be 9%; however, this rate will apply only to the taxable income…

26 May 23

Group and Restructuring Reliefs in the UAE Corporate Tax

From June 1, 2023, the UAE is going to introduce corporate tax. Under the current guidelines, businesses that earn taxable profits of over AED 375,000 will pay 9% corporate tax. However, businesses with annual taxable income of less than AED 375,000 will have 0% corporate tax. In order to become…

Corporate Tax