UAE corporate tax relief for small business

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.

UAE corporate tax relief for small business

UAE corporate tax relief for small businesses statute was enforced through Ministerial Decision No. 73 of 2023 in line with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the UAE Corporate Tax Law). Subsequently, taxable persons are advised to seek the services of accredited tax consultants in UAE to seamlessly … Read more

How Will the UAE Corporate Tax Regime Apply to Partnerships?

Under the UAE corporate tax regime, partnerships are considered to be legal entities and thus liable to register and file for corporate tax. However, there are exceptions to this rule, some unincorporated partnerships will be exempt from corporate taxes under certain conditions. Different types of partners may also be subject to different levels of taxation … Read more

How UAE Corporate Tax Affects Real Estate Businesses (2024 Update)

Corporate Tax Law, UAE vide Federal Law No. 47/2022 will be enforceable on taxable income of both resident and nonresident persons in real estate business under commercial and trade licenses. The UAE corporate tax rate is zero percent for a gain of up to 375,000 or less and nine percent for 375,000 or more. Therefore, … Read more

How to select business tax consultant in Dubai

When availing the services of business tax consultants in the UAE, it is essential to consider the credibility of the tax consultant. UAE tax agents assist businesses to have an in-depth understanding of tax implications and further ensures corporations to stay compliant to the Federal Tax Authority’s regulations and standards. Factors to consider when selecting … Read more

How Can a Tax Consultant Help Your Corporate Tax Preparation in UAE?

Corporate tax preparation can be a complex and time-consuming process, especially in a jurisdiction like the UAE, where tax laws are constantly evolving. Hiring a tax consultant can be a smart decision for businesses looking to streamline their corporate tax preparation process and ensure compliance with tax laws. In this article, we will explore how … Read more

What expenses are deductible under UAE corporate tax?

Essentially, accounting parameters determine the calculation of the taxable tax as per UAE corporate tax, the accounting procedure averts possible illegal activity in business-related matters and inflated deductions. Tax deduction refers to a sum of expenses that may be deducted from a taxable amount and it determines the tax that a taxable person has to … Read more