Corporate Tax Registration Deadlines for 2024 Dates and Compliance
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.
This article analyzes the various corporate tax registration deadlines specified in Federal Tax Authority Decision No. 3 of 2024 in detail. It discusses the timeline for resident and non-resident companies as well as individuals. The implications of late registration are also highlighted. Thus, for Taxable Persons to effectively meet corporate tax registration deadlines and to … Read more
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
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
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
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
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