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 …
Corporate Tax
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, …
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 …
Difference Between Corporate Tax and VAT in UAE
Corporate Tax and VAT are two key taxes in the UAE, but they apply differently. Corporate Tax is levied on business profits, while VAT is charged on the sale of …
Audited Financial Statements Requirement Under UAE Corporate Tax Law: Thresholds, Benefits, and Compliance
Audited financial statements are documents that confirm the correctness and entirety of a company’s financial records. They are prepared by qualified auditors who examine the company’s transactions, documents, and internal …
Corporate Tax in UAE Oil and Gas Industries: Key Rules & Pillar Two Impact
As part of its goal to become a significant worldwide Centre for business and investment, the UAE has implemented a competitive CT system in light of current international tax trends. …
