Under the UAE’s Corporate Tax regulations, Qualified Free Zone Individuals can avail of a zero percent tax rate on qualifying earnings arising from qualifying activities. The term qualifying activities pertains
Corporate Tax
With the UAE all set to implement the corporate tax from 2023, next year, the aspect of compliance is of significant importance. Non-compliance with the new corporate tax regime in
The income of non-resident persons is subject to corporate tax in the UAE if it is derived from UAE sources. This includes income from business activities and investments. For personalized
The UAE government introduced corporate tax through Federal Decree-Law No. 47, which governs the taxation of businesses and enterprises across the country. Corporate tax is levied on a company’s annual
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
The latest corporate tax regulations provide a comprehensive framework for the assessment, collection, and enforcement of corporate taxes. This article explores the key aspects of these regulations and their implications
The terms “tax evasion” and “tax avoidance” are often used interchangeably because of the confusion shrouded in understanding their meaning. The two interpretations are nevertheless distinct, if one is trying
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
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,
As per the proposed new UAE corporate tax law coming into effect from or after June 1, 2023, legal persons are subject to and exempt from corporate tax under certain
Applying UAE regulations to the calculation process determines corporation tax. 9% Profits from selling goods or services, incentives, interests, investment income, and rentals are the various components that make up
