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. …
corporatetaxuae
corporatetaxuae
Legal implications of digital contracts and e-signatures in the UAE
The Federal Law Decree No. 46/2021 on Electronic Transactions and Trust Services is the latest legislation that is a landmark in the UAE (hereinafter known as the “Electronic Transactions Law”). …
Pre-grouping Tax Losses, Management, and Use in UAE Corporate Tax for Tax Groups
Pre-grouping tax losses refer to the tax losses incurred by a subsidiary before becoming part of a tax group. In other words, they arise when a subsidiary’s deductible expenses exceed …
Subsidiary Exit or Tax Group Dissolution
A subsidiary is a resident business partially or wholly owned by a parent company, as defined under corporate tax law. When companies within the same country form a tax group, …
Common Errors for Tax Assessment Review in UAE
The FTA issued the Clarification No.TAXP008 in line with the Decree-Law No. 28 of the year 2022 that the taxpayers can challenge the assessments without the requirement of reconsideration application. …
How to File Reconsideration Requests in UAE Tax Assessments
A reconsideration request asks the UAE Federal Tax Authority (FTA) to review a formal decision you received, such as a tax assessment, an administrative penalty, a refund decision, or a …
