Corp Tax

UAE Corporation Tax: An Overview of Administration Considerations The United Arab Emirates (UAE) has introduced a new tax, the Corporation Tax , which applies to taxable persons operating in the UAE. In this blog post, we will discuss the various administration considerations for UAE Corporation Tax, including registration/deregistration, tax return, payments, financial statements, Transfer Pricing …

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The Ultimate Guide to Tax Losses and Group Relief in the UAE The United Arab Emirates (UAE) has a complex tax system, but understanding the rules and regulations surrounding tax losses and group relief can be beneficial for businesses operating in the region. The UAE’s Corporate Tax (CT) Law provides guidelines for businesses to offset …

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“Transfer Pricing Regulations in the UAE: Understanding the Arm’s Length Principle” The UAE has recently introduced transfer pricing (TP) regulations in its new CT Law, which is now in effect. These regulations aim to ensure that both cross-border and domestic transactions between related parties, including those in Free Zone entities, adhere to the arm’s length …

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Taxable Income in UAE: A Guide for Business Owners. A common question asked for 2023 is is there corporation tax in Dubai and Fujairah? The answer is  Yes,  businesses in  Dubai,  Abu Dhabi, Sharjah, Umm Al Qaiwain, Fujairah, Ajman and Ras Al Khaimah, will all potentially be subject to the newly introduced Corporation tax on …

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“UAE’s Taxable Persons and Tax Base: Understanding the Implications for Residents and Non-Residents” The United Arab Emirates (UAE) has recently introduced a new tax system, the Corporate Tax Law (CT Law), that has far-reaching implications for all individuals and entities doing business in the country. Understanding the CT Law is crucial for ensuring tax compliance …

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Introduction The UAE has recently introduced the Corporate Tax Law (CT Law) which includes a number of exemptions for certain Persons. This article will provide an overview of the Persons who are exempt from UAE CT. Government Entities The first group of Persons exempt from UAE CT are Government Entities. These entities are defined as …

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What is Corporation tax in the UAE? Corporate Tax, also known as Corporate Income Tax or Business Profits Tax, is a direct tax imposed on the net profits of corporations and businesses operating in the UAE. With the country’s thriving economy, it is essential for businesses and individuals to understand the implications of Corporate Tax …

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Corporation Tax- what we know so far On 9 December 2022, the UAE released the Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses (hereinafter referred to as the CT Law). The CT Law was published in the Official Gazette on 10 October 2022 and became effective on 25 October 2022 …

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