UAE Ministry of Finance Sets Dh10,000 Penalty for Late Corporate Tax Registration

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 Ministry of Finance Sets Dh10,000 Penalty for Late Corporate Tax Registration

New Corporate Tax Compliance in the UAE With the recent legislative changes, the government of the UAE indicates a new era of tax compliance and regulation. The government has demonstrated its commitment to refining the tax system and ensuring that businesses contribute their fair share to the nation’s development through the issuance of Cabinet Resolution … Read more

How to comply with payment rules and Stockpiling Regulations for Excise Tax in the UAE

Stockpiling refers to the practice of holding a large quantity of excise goods in the free trade area, without paying the tax and intending to sell them in the local market. This practice can affect the tax liability of the stockpiler and the tax system as a whole. If you are dealing with excise goods … Read more

How to Apply for a Tax Refund in Special Cases under the UAE Excise Tax Law

Which Individuals Can Apply for A Tax Refund in Specific Cases? Article 22 of the Cabinet Decision No. 37/2017 outlines four categories of persons eligible for a tax refund in special cases: Foreign Governments, International Organizations, Authorities, or Diplomatic Missions: Those who have paid tax on excise goods accessed for official use only. Eligibility extends … Read more

How to File and Pay Excise Tax in the UAE

The UAE government introduced the excise tax in 2017 as part of its efforts to diversify its revenue sources and discourage the consumption of goods that are harmful to human health or the environment. The excise tax in UAE is an indirect tax that applies to different categories of products/goods, for instance, electronic devices for … Read more

What is Excise Tax in UAE?

The UAE implemented an excise tax on specific goods detrimental to health since October 1, 2017, targeting items like energy drinks, tobacco, and certain electronic smoking products. The goal is to promote a healthier society, reduce health-related costs, and boost government revenue. This tax affects both businesses and consumers, as businesses must comply with applicable … Read more

When is a non-resident person required to register for corporate tax in the UAE?

non-resident person registers to corporate taxThe federal decree law no. 47 of 2022, also known as the corporate tax law, was issued on Oct 10, 2022, to implement a federal-level tax on business profits in the UAE. All businesses falling within the definition of taxable persons for corporate tax purposes are obligated to fulfill their … Read more