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Comprehensive Guide to UAE Corporate Tax Exemptions

Comprehensive Guide to UAE Corporate Tax Exemptions

Corporate Tax Exemptions UAE

The UAE has recently released a new legislation of the corporate tax and it will come into force from June 2023. While under the UAE corporate tax law, corporations earning over AED 375,000 of taxable profits will be required to pay a tax of 9%, several entities are tax-exempt. This Tax Consultant Dubai aims to … Continue Reading

VAT Implications for the Construction Industry in the UAE

Vat in construction Company UAE

The introduction of Value Added Tax (VAT) in the UAE on January 1, 2018, was a significant step towards boosting UAE’s economy. The construction industry is a crucial sector of the UAE economy which is also subject to VAT regulations. VAT Policies for the Construction Industry The construction industry in the UAE must pay the … Continue Reading

Categories VAT

Exempt businesses under corporate tax in UAE

UAE Corporate Tax Exemption

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 … Continue Reading

Individual Foreign Tax Relief and Tax Treaties

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 … Continue Reading