What is Small Business Relief Under UAE Corporate Tax Law
Small Business Relief under UAE Corporate Tax Law gives resident businesses with revenue up to AED 3 million a tax break. Firms elect this option to count as having zero …
What Does Wholly Owned Subsidiary Mean
At its simplest, a wholly owned subsidiary (WOS) is a legally distinct company whose entire voting stock or ownership interests are held by another company called the parent (or, sometimes, …
How to Update Trade License in FTA Portal
Updating your renewed trade license in the UAE’s FTA EmaraTax portal is a mandatory process. The step is essential for all businesses to maintain VAT compliance and avoid financial penalties. …
When was Corporate Tax Introduced in UAE
When was Corporate Tax Introduced in UAE UAE Corporate Tax applies from the start of the first financial year beginning on or after 1 June 2023. This rule comes from Federal Decree‑Law No. 47 …
What is Qualifying Income in UAE Corporate Tax
Qualifying income means specific revenue streams that businesses in the UAE Free Zone earn while maintaining their 0% corporate tax rate. According to the UAE Corporate Tax Law, which has …
Are Free Zone Companies Exempted from Corporate Tax in UAE
Free Zone companies in the UAE face corporate tax obligations just like mainland businesses, but they can access a 0% tax rate if they meet specific conditions as Qualifying Free …
