UAE Cabinet Resolution No. 10 of 2024: Enhancing Tax Compliance A 10,000 AED fine has been imposed recently for late corporate tax registration. The government of UAE has released Cabinet
The Ministry of Finance has released a Consultation Document for the public regarding Corporate Taxation. The proposed corporate tax law is much simplified and easy to understand for all business
Registering for corporate tax UAE is essential for LLCs. Compliance with the corporate tax law ensures commitment to fulfilling financial responsibilities and operating within the legal framework. Additionally, registering for
In a recent announcement, the Federal Tax Authority (FTA) announced the launch of early corporate tax registration in UAE through the EmaraTax platform. This announcement is in keeping with the
The government of UAE has issued the legislation of Federal decree law no. 47 on December 9, 2022, making the implementation of corporate tax next year a must. This is
The UAE issued the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses on 09 December 2022, which applies to both legal entities and natural persons who
According to the UAE Federal Decree-Law No. 47 of 2022 on taxation of corporations and businesses (the “Corporate Tax Law”), businesses are subject to UAE Corporate Tax from the beginning
What Counts as a “Government Entity” Under UAE Tax Law? Article 5 of the UAE Corporate Tax Law states that all business activities conducted by local government bodies are deemed
The Ministry of Finance (MOF), UAE, through Cabinet Resolution No. 44/2020, has revamped the guidelines for multinational entities (MNEs) operating within the UAE, replacing Resolution No. 32 of 2019. This
The latest Federal Law No. 47 of 2022, governing the UAE Corporate Taxes operation was issued on the 9th of December, 2022. The recent statute confers that any individual or
Definition of Legal Persons Under UAE Tax Law A legal person has distinct legal responsibilities and rights. These encompass the ability to engage in contracts, own assets, initiate legal actions,
Investment funds are organizations that gather money from investors and distribute it among different assets like stocks, fixed income, real estate, or commodities and are centered in the United Arab
