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UAE Ministry of Finance Sets Dh10,000 Penalty for Late Corporate Tax Registration

UAE Ministry of Finance Sets Dh10,000 Penalty for Late Corporate Tax Registration

UAE Ministry of Finance Sets Dh10,000 Penalty for Late Corporate Tax Registration

New Corporate Tax Compliance in the UAE With the recent legislative changes, the government of the UAE indicates a new era of tax compliance and regulation. The government has demonstrated its commitment to refining the tax system and ensuring that businesses contribute their fair share to the nation’s development through the issuance of Cabinet Resolution … Read more

Objectives and Accomplishments Of the Double Tax Treaty

UAE Double Tax Treaty

Double Taxes are similar taxes imposed on a single taxpayer base in two countries, impeding the seamless flow of goods, services, capital, technology, and trade across borders. Public and private entities, investment organizations, aviation enterprises, and a plethora of businesses operating within the UAE, in conjunction with residents, reap the benefits of strategies to mitigate … Read more

Guide to Determine State-Sourced Income for Non-Resident Persons?

Determine State-Sourced Income for Non-Resident Persons

In the United Arab Emirates (UAE), the concept of State Sourced Income is essential for non-residents. This article serves as a comprehensive guide to identifying and evaluating State Sourced Income for individuals who are not UAE citizens. Under UAE tax legislation, substantial income originating from or within the country is deemed State Sourced Income, encompassing … Read more

The Tax Advantages of Starting an Offshore Business?

Tax Advantages

In the ever-evolving realm of global entrepreneurship, where businesses constantly seek innovative strategies to enhance their financial viability, the concept of Offshore Business Setup has emerged as a nuanced and strategic maneuver. Far beyond the common perception that the term “offshore” may evoke, associated with secrecy and tax evasion, a closer examination reveals that numerous … Read more