Exempt businesses under corporate tax in UAE

Mostafa

Mostafa is a qualified Corporate Tax Consultant with over 5 years of experience gained in diverse intricate tax matters, he has high expertise in conducting tax negotiations and investigations with the Federal Tax Authority and other external Tax Bodies. He has vast experience in reviewing and drafting tax documents. Mostafa has also advised on a plethora of tax matters, he draws much attention to tax filing procedures and to offering professional investigations to underlining tax complexities.

Exempt businesses under corporate tax in UAE

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

Things to Do Before Registration for UAE Corporate Tax

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

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

Application of Corporate Tax UAE on Free zone entities

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

A Complete Guide: To Register for Corporate Tax in the UAE

The UAE has recently adopted the Corporate tax to be effective from the financial year starting from June 2023. All business entities in UAE are currently subjected to the corporate tax which stands at 9% on the profits made. In this article, the process of how to register corporate tax in UAE through the EmaratTax … Read more

How corporate tax is calculated in UAE?

UAE has implemented Corporate Tax in June 2023 with a standard rate of 9% applicable on business entities having taxable income over AED 375,000. The following article aims to elaborate on how the UAE computes corporate tax for companies. Corporate Tax Calculation UAE When calculating the amount of corporate tax payable from the calculator then … Read more