UAE Corporate Tax: Unveiling Implementation and Profound Impact
The UAE has introduced the “Corporate Tax Law” (Federal Decree-Law No. 47 of 2022), setting the stage for the implementation of Federal Corporate Tax effective from June 1, 2023, for …
The UAE has introduced the “Corporate Tax Law” (Federal Decree-Law No. 47 of 2022), setting the stage for the implementation of Federal Corporate Tax effective from June 1, 2023, for …
For Corporate Tax purposes in UAE, Qualifying Free Zone Persons can enjoy a tax rate of zero per cent on Qualifying Income generated from Qualifying Activities. Qualifying Activities refers to …
Ministerial Decision No.116 of 2023 stipulates the conditions for Participation Exemption, exempting companies from paying corporate income tax on dividends, profit-sharing, and capital gains from “participating shares for corporate tax …
This article outlines the rules and conditions for deductible expenditure in computing taxable income for corporate tax purposes. Whereas, the deduction is allowed for expenditure that is incurred wholly and …
The Federal Decree-Law No. 47 of 2022 is the legislative framework for corporate tax in UAE, this comprehensive law establishes the basis for taxing corporations and their profits. It covers …