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France-UAE Double Tax Treaty : All You Need to Know

France-UAE Double Tax Treaty : All You Need to Know

France - UAE Double Tax Treaty

The double tax treaty signed between the United Arab Emirates (UAE) and the French Republic, effective from December 1, 1990, addresses issues of double taxation and fiscal evasion concerning taxes. It applies to residents of either or both countries and covers various taxes. In France, this includes income tax, corporation tax, social contributions on corporate … Read more

Recent updates to corporate tax penalties in the UAE

coporate tax penalty

Corporate taxes play a vital role in boosting a country’s economy by providing revenue for investing in initiatives that develop infrastructure. The federal budget for UAE for the years 2022 to 2026 is set at AED 290 billion. Corporate taxes are an important source of revenue generation for funding such a hefty budget. The UAE’s … Read more

Advantages of Corporate Income Tax Outsourcing in the UAE

Corporate Income Tax Outsourcing

Commencing from June 1st, 2023, UAE corporate tax will be effective. The corporate tax rate is 9% for accrued taxable income above 375,000 AED and 0% for taxable income below 375,000 AED. To effectively implement corporate tax standards and to stay compliant, taxable persons should outsource corporate tax functions to Tax Consultants UAE. Benefits of … Read more

Navigating VAT Recovery for Charities: A Step-by-Step Approach

VAT Recovery for Charities

It remains vital for charities operating in the UAE to competently manage the process of VAT recovery in a manner that would allow them to direct as much funds as possible towards their charitable objectives. VAT recovery for charities therefore has specific rules with respect to the distinction between what is and is not taxable. … Read more

Categories VAT