What are the provisions for corporate tax exemptions 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.
The UAE corporate tax law provides various exemptions for qualifying entities, such as state entities, government-controlled institutions, and investment funds. Understanding these provisions is crucial for compliance. Corporate Tax Law in UAE furnishes provisions for exemption from corporate tax to distinct Taxable Persons. Cabinet Decision No.7 of 2023 stipulates conditions for tax registration and the timeline … Read more
Country by Country Reporting (CbCR) is a mechanism that seeks to improve clarity, accountability, and justification in the global tax system. In this article, we will discuss the implementation of Country by Country Reporting, with its purpose and the essential elements involved. Purpose of Country by Country Reporting Country by Country Reporting seeks to deliver … Read more
This article seeks to explore whether government entities and government-controlled entities are exempt from corporate tax UAE as per the latest Corporate Tax Explanatory Guide. Thus, taxable persons are advised to seek the services of Tax Consultants in Dubai to seamlessly determine their taxability and to stay compliant. What are Government Entities under Corporate Tax … Read more
Ministerial Decision No. 26 of 2023 stipulates the conditions and criteria for conducting electronic commerce business for the purpose of keeping delivery records. The requirement is applicable to taxable persons whose e-commerce taxable supplies are more than 100 million AED in a financial period of 12 months (calendar year). Therefore, it is advisable for e-commerce … Read more
Commencing from June 1st 2023, UAE corporate tax will be effective. The corporate tax rate is set at 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, it is advisable for taxable persons to outsource corporate tax functions … Read more
