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 … Continue Reading
The UAE introduced a federal corporate tax system effective for financial years starting on or after 1 June 2023. The standard rate is 9% on taxable profits exceeding AED 375,000, with certain exemptions applying. Businesses must complete UAE corporate tax registration through the EmaratTax online portal to obtain a Tax Registration Number (TRN) from the … Continue Reading
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 … Continue Reading
Transfer pricing involves setting prices for goods and services sold between affiliated companies. With the introduction of corporate tax in the UAE, transfer pricing has become an essential compliance issue for multinational enterprises (MNEs) and companies engaged in related party transactions. This article provides insights into the transfer pricing process and key regulations under the … Continue Reading
In August 2022, the Ministry of Finance of Kuwait announced the upgrading of her bilateral relation with the United Arab Emirates (UAE). The Treaty for the Avoidance on Double Taxation Treaty (DTT) can be viewed as the creation of a new level of cooperation in taxation between the two countries and the strengthening of the … Continue Reading
International tax in the UAE or cross-border taxation becomes relevant as organizations expand their operations through exports, investments, and acquisitions internationally. While the UAE has not adopted any extensive corporate tax regime, the companies operating in the country are confronted with other cross-border taxation demands and risks while dealing with foreign tax administrations. This article … Continue Reading