Commercial Activities Certificate for VAT in the 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.

Commercial Activities Certificate for VAT in the UAE

The Commercial Activities Certificate is an important document issued by the Federal Tax Authority to registered businesses generating enough revenue. It confirms that the business is legally conducting commercial operations in the UAE. This allows the firm to claim credit for the VAT paid on supplies and services required to run the business. In this … Read more

Audit Requirements Under UAE Corporate Tax Law: A Comprehensive Guide

The audit procedure is an essential part of the corporate tax system in the United Arab Emirates since it verifies the integrity and correctness of data, assessment, and declaration that taxable organizations provide. It is a system intended to prevent tax fraud and evasion by maintaining an equitable and open tax administration. Organizations covered by … Read more

What Is a Tax Residency Certificate and How It Can Be Obtained in the UAE

The United Arab Emirates has recently enacted Ministerial Decision No. 247 of 2023, issued by the Minister of State for Financial Affairs on 16 October 2023. The decision specifies the criteria for obtaining a Tax Residency Certificate (TRC). A TRC is a document that confirms that a person is a resident of the UAE for … Read more

What is State Sourced Income and How Does It Affect Non-Resident Taxpayers in the UAE?

State Sourced Income received by Non-Resident Persons from sources in the UAE as per Article 13 and 12(3)(b) of corporate tax UAE. Non-Resident Persons are individuals or entities that are not classified as Resident Persons for taxation purposes. How is State Sourced Income Classified? State Sourced Income can be classified into three main categories, depending … Read more

How are Qualifying Free Zone Persons taxed under UAE Corporate Tax

A Qualifying Free Zone Person is a legal entity that meets specific requirements and is established in a free zone. As per the UAE corporate tax law, a Qualifying Free Zone Person (“QFZP”) is subject to a 0% corporate tax rate on qualifying income or qualifying activity and a 9% rate on non-qualifying income. What … Read more

Corporate Tax Registration Deadlines For Free Zone In The UAE

Latest UAE directives No.3/2024 and 10/2024 issued by the Finance Ministry made registration mandatory for companies with the specific guidelines having consequences 10,000 AED fine in case of failure to get registration in time. The Federal Tax Authority has introduced a decisive set of guidelines that mandate registration deadlines for corporate tax for both juridical … Read more