The UAE has recently released a new legislation of the corporate tax and it will come into force from June 2023. While under the UAE corporate tax law, corporations earning over AED 375,000 of taxable profits will be required to pay a tax of 9%, several entities are tax-exempt. This Tax Consultant Dubai aims to … Read more
The introduction of Value Added Tax (VAT) in the UAE on January 1, 2018, was a significant step towards boosting UAE’s economy. The construction industry is a crucial sector of the UAE economy which is also subject to VAT regulations. VAT Policies for the Construction Industry The construction industry in the UAE must pay the … Read more
The United Arab Emirates (UAE) has introduced a corporate tax law, Federal Decree-Law No. 47 of 2022, effective from financial years starting on or after 1 June 2023. While most businesses will be subject to a 9% corporate tax rate on taxable income exceeding AED 375,000, however there are certain businesses and entities are exempt … Read more
Decisions No. 10 & 3 of 2024 were Issued by the UAE Government by declaring mandatory registration for all taxable entities including free zone companies. Earlier in December 2022, the new legal regime of the corporate tax UAE was introduced by the Ministry of Finance and was declared effective from June 2023, for adjusting the … Read more
Individual foreign tax relief and tax treaties play an important role in international tax agreements. With individuals and companies forming cross-border affiliations, the problem of double taxation is created, which must be resolved. This article’s focus revolves around individual foreign tax relief and tax treaties which are used to obtain double taxation relief. What is … Read more
Corporate tax is charged on net profits at the rate of 0% on the first AED 375 000 and 9% for any amount that exceeds this sum for standard mainland companies. A free zone entity’s corporate tax rate is 0% for entities that are Qualifying Free Zone Persons (QFZP) in line with the UAE free … Read more