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Maximizing Benefits Under UAE Double Taxation Treaties

Maximizing Benefits Under UAE Double Taxation Treaties

UAE Double Tax Treaty

Double Taxes are similar taxes imposed on a single taxpayer base in two countries, impeding the seamless flow of goods, services, capital, technology, and trade across borders. Public and private entities, investment organizations, aviation enterprises, and a plethora of businesses operating within the UAE, in conjunction with residents, reap the benefits of strategies to mitigate … Read more

Guide to Determine State-Sourced Income for Non-Resident Persons?

Determine State-Sourced Income for Non-Resident Persons

In the United Arab Emirates (UAE), the concept of State Sourced Income is essential for non-residents. This article serves as a comprehensive guide to identifying and evaluating State Sourced Income for individuals who are not UAE citizens. Under UAE tax legislation, substantial income originating from or within the country is deemed State Sourced Income, encompassing … Read more

How Does UAE Corporate Tax Apply to Individuals and Small Businesses?

Taxation of Natural Persons under the Corporate Tax Law

This article explains the specific tax considerations for natural persons, sole proprietorships, partnerships, and corporate entities, illuminating the diverse facets that define the tax landscape. Thus, to effectively determine taxability and ensure compliance with the corporate tax law, it is advisable to seek the expert services of top benefits Tax Consultants in UAE.   Taxability of … Read more

Why Start an Offshore Business in the UAE? Key Tax Advantages in 2024

Tax Advantages

In the ever-evolving realm of global entrepreneurship, where businesses constantly seek innovative strategies to enhance their financial viability, the concept of Offshore Business refers to Any business activity conducted outside of an entity’s main location. Far beyond the common perception that the term “offshore” may evoke, associated with secrecy and tax evasion, a closer examination reveals … Read more

What are "Tax Losses" under UAE Corporate Tax ?

Tax Losses under UAE Corporate Tax

A business’s loss during a particular tax year is referred to as a tax loss under the corporate tax laws. It happens when revenue (taxable income) is less than expenses or deductions (permitted by tax law), leaving a net loss. Future taxable income is used to offset the resulting tax loss. These are known as … Read more