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Guide: Tax Law for Foreign Banks in Dubai

Corporate Tax Refund under the UAE Corporate Tax Law

The UAE has recently enacted a federal corporate tax regime starting from June of the year 2023, which marked a shift in the taxation system of the country. Even though the basic UAE corporate tax rate stands at 9% the actual law has anticipated some advantages that might be given to the taxable business in … Continue Reading

Key Features and Updates on UAE VAT Amendments 2025

Key-Features-and-Updates-on-UAE-VAT-Amendments

The Federal Tax Authority (FTA) issued Public Clarification No. 40, introducing significant amendments to the Executive Regulation of the Value Added Tax (VAT) as set forth under Federal Decree-Law No. (8) of 2017. These amendments encompass key updates concerning the documentary requirements for export transactions, the treatment of financial services, zero-rating provisions, and input tax … Continue Reading

Categories VAT

How VAT Transactions are Treated in the UAE

How VAT Transactions are Treated in the UAE

This article provides an overview of the treatment of VAT transactions in the UAE. Business transactions subject to VAT are classified into two primary categories: Sales Transactions: Quotations Sales Orders Delivery Notes Invoices Scheduled Invoices Debit Notes Purchasing Transactions: Expenditure Items Scheduled Expenditure Items Purchase Requisitions Accounts Payable Scheduled Accounts Payable Vendor Credit Memos Self-Invoicing … Continue Reading

New Deadline to Issue Tax Invoice in UAE 2025: Updated Rules & 14-Day Issuance Requirement

new deadline issue tax invoice uae

The newly introduced articles under Federal Decree-Law No. 16 of 2024 and Federal Decree-Law No. 17 of 2024 have streamlined specific types of tax invoices by implementing requirements for their issuance. These provisions encompass various forms of invoices, including simplified invoices, summary invoices, periodic invoices, and other similar invoice types. What is the new due date … Continue Reading

UAE Tax Residency Certificate Rules: A Latest Guide

Tax Residency Certificate Rules

The Federal Tax Authority (FTA) issued the Tax Procedures Guide TPGTR1 on Tax Residency Certificates (TRC) and tax residency in the UAE. This Guide is designed to assist individuals and businesses to effectively determine taxability and provides a comprehensive explanation of tax residency rules in the UAE.  Key Aspects of Tax Residency in the UAE … Continue Reading

How VAT transactions are treated in the UAE

This article provides an overview of the treatment of VAT transactions in the UAE. Business transactions subject to VAT are classified into two primary categories: Sales Transactions: Quotations Sales Orders Delivery Notes Invoices Scheduled Invoices Debit Notes Purchasing Transactions: Expenditure Items Scheduled Expenditure Items Purchase Requisitions Accounts Payable Scheduled Accounts Payable Vendor Credit Memos Self-Invoicing … Continue Reading

UAE VAT Law Exemptions with the Latest Amendments

UAE VAT Law Exemptions with the Latest Amendments

Cabinet Decision No. 100/2024, issued by the Federal Tax Authority, introduced amendments to the Value Added Tax (VAT) Executive Regulations under Federal Decree-Law No. 8/2017. This article explains VAT exemptions in line with the latest VAT law amendments. Expansion of Financial Services Exemption The scope of financial services covered under Article 42 of the VAT … Continue Reading

Categories VAT

Top Corporate Tax Consultants in Dubai, UAE

Top Tax Consultants in Dubai UAE

Leading corporate tax consultants in Dubai–UAE, play an essential role in ensuring compliance with the UAE’s corporate tax regulations. Businesses in UAE are required to ensure compliance with the corporate tax law and avoid potential penalties or fines. This article details the top corporate tax consultants in Dubai, UAE, detailing their range of services, key … Continue Reading

UAE Corporate Tax Updates: Treatment to Family Foundations

Treatment of family Foundation

Recently some amendments were introduced vide Ministerial Decision No. (261) for UAE Partnerships including Family Foundations in line with Federal Law No. 47/2022. These changes create opportunities for businesses at the domestic and international levels, lessen compliance cost, and promote the UAE as an International Business Centre. Corporate Tax, UAE  and Family Foundations Family Foundations … Continue Reading

Tax Relief for Qualifying Public Benefit Entities

Tax Relief for Qualifying Public Benefit Entities

Public benefit entities are a type of non-profit organization (NPO) that are founded by private or governmental bodies and are exempted from corporate tax application. These organizations are formed for the purpose of charitable, scientific, cultural, religious, healthcare or other public benefit activities without aiming to make any profit from those activities. The primary purpose … Continue Reading