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One Million AED Turnover and Beyond: A Guide to Corporate Tax in the UAE

Whether Individuals With 1 Million AED Turnover Should Pay Corporate Tax in UAE? The taxation structure in the United Arab Emirates (UAE) has gained a lot of attention in recent times. There are various speculations regarding whether individuals and business activities registered in the UAE with an annual turnover exceeding 1 million AED are liable …

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Partnerships and Taxes in the UAE: A Comprehensive Overview

How UAE Corporate Tax Regime Applies to Partnerships Are you a UAE business owner who recently formed a partnership? Are you curious about how the new corporate tax laws apply to your partnership venture?  The UAE embraced a corporate tax regime in June 2023, reshaping the financial landscape for businesses operating within its borders. While …

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Who Qualifies for Corporate Tax Exemptions in the UAE?

Exempt Entities Under Corporate Tax in UAE The UAE Corporate Tax Law grants exemptions to certain individuals and entities. These exemptions are vested in public interest and policy considerations which create an equitable and balanced tax framework. This article explains various categories of exempt entities and the conditions to determine their tax exemption. Therefore, it …

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5 Best freezone in UAE for Company Formation

Best Free Zones in the UAE Beginning your exploration of the top free zones in the UAE is the ideal initial step for you.The UAE has solidified its position as a prime destination for entrepreneurs seeking to establishbusinesses. Its appealing tax framework, numerous incentives, incubator programs, and more make ita favourable location for investors.Commencing your …

5 Best freezone in UAE for Company Formation Read More »

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Corporate Tax Accounting Standards and Methods as Per the Corporate Tax Law

The UAE Ministry of Finance released a judicial determination for the accounting method that is to be followed and the Generally Accepted Accounting Principles (GAAP) that are to be followed for the purpose of corporate tax UAE as per No. 114 of 2023. Thus, this article explains accounting standards that businesses are required to follow …

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Claiming Your VAT Refunds Made Simple: A Step-by-Step EmaraTax Walkthrough

As a small business operating in the UAE, we are sure you have come across many situations that affect you on a daily basis. One of the most common complexities that many businesses face is when the VAT charged on goods purchased (input tax) is more than the VAT on the amount generated through sales …

Claiming Your VAT Refunds Made Simple: A Step-by-Step EmaraTax Walkthrough Read More »

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Guidelines you should know about new businesses in UAE

The United Arab Emirates has been a longstanding business hub for budding entrepreneurs and established businessmen all across the globe, and the recent guidelines further enhanced its appeal. Moreover, these new regulations have also introduced additional requirements for businessmen and companies who set their businesses in UAE. The UAE has actively encouraged innovation and entrepreneurship. …

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Non-residents liable to pay taxes on income from real estate: New Tax Regime

Owning a home, an apartment, or a piece of commercial property is not subject to a yearly tax in UAE. Additionally, VAT (Value-Added Tax) is not levied on commercial property transfers. Owning property in the UAE, however, will result in additional costs in the form of fees and charges. It\’s important to note that some …

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A complete guide to the new UAE corporate tax for individuals and businesses

The captivating sector of corporate tax in UAE where businesses bloom amidst a dynamic and diverse economic structure is a debatable topic to discuss on. In this Blog, you will get to learn more facts about the new corporate tax in UAE that was announced by the Ministry of Finance (MoF). Here are a few …

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Corporate Tax Relief in UAE

UAE’s new Corporate Tax Relief for Small Business!

Everything you need to know about UAE’s new Corporate Tax Relief for Small Business! Small industries are the backbone of a thriving economy and UAE is mindful of it and its importance. By implementing relief measures for various small businesses, the UAE government aims to attract entrepreneurs, foreign investment and have a growing economy. Understanding …

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Decoding Freelancing and Corporate Tax in the UAE: What You Need to Know!

Will a Freelance Professional be Subject to UAE Corporate Tax? As per the regulations of corporate tax in the UAE, any taxable income exceeding AED 375,000 will be subject to Corporate Tax. This tax system will also be applicable to freelancers and independent contractors in the UAE who work for themselves if their income goes …

Decoding Freelancing and Corporate Tax in the UAE: What You Need to Know! Read More »

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