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 … Read more
The Federal Tax Authority announced a grace period for registered entities on 6th November 2024. This facility is provided for those who have not updated the details of their tax registration, w.e.f. March 2025. The grace period includes all FTA-registered businesses which, if they have not updated registration or tax information by January 1, 2024, … Read more
When it comes to operating a business in the United Arab Emirates, you have probably heard about the introduction of corporate tax in the UAE. Thus, although the UAE still has low rates of corporate taxation compared to other countries, there are ways to minimize the taxation burden and increase profits. This article will shed … Read more
The concept of capital and revenue expenditure is important to consider when budgeting expense for your business. This distinction is important when determining how an expense is tax treated, and this can greatly influence a company’s profit margin. In this article we shall be looking at the distinction between capital and revenue expenditure and the … Read more
The UAE Corporate Tax Law provides several tax incentives for businesses in Dubai. In this article, we will discuss the tax incentives for foreign businesses in Dubai and the benefits for foreign investors under the UAE Corporate Tax (CT) law. Benefits for Foreign Investors under the UAE CT Law Foreign businesses in Dubai enjoy a … Read more
It’s the foremost responsibility of every citizen to pay taxes as per the country’s tax regulations and understand the different types of taxes applicable to him/her. There are primarily two types of taxes i.e., direct and indirect taxes. Direct taxes are applicable on citizens and businesses and are directly collected by the government whereas indirect … Read more