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UAE Central Bank Cuts Interest Rates: What This Means for Your Business
- 19.09.2024
- Posted by: Malavika Kolera
- Category: Dubai
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The UAE’s interest rate cut reduces borrowing costs for businesses and enhances the country’s appeal for foreign investment.
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UAE Corporate Income Tax: Essential Information for New Businesses
- 06.09.2024
- Posted by: Malavika Kolera
- Categories: Dubai, Tax
Newly established businesses in the UAE must register for corporate income tax within a mandatory 3-month window to avoid penalties.
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The UAE’s Growing Non-Oil Trade is a Business Opportunity
- 30.08.2024
- Posted by: Malavika Kolera
- Categories: Dubai, Tax
The UAE’s non-oil trade surged to EUR 350 billion in early 2024, creating avenues for EU businesses to enter the Middle Eastern market, especially through favorable CEPA agreements.
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Dubai Freelancers and Small Businesses: What You Need to Know About Corporate Income Tax
- 24.08.2024
- Posted by: Malavika Kolera
- Categories: Dubai, Tax
Discover how Dubai’s corporate income tax rules could offer unexpected relief and flexibility for freelancers and small businesses, with extended deadlines and exemptions that could change the way you plan your business finances.
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UAE Corporate Income Tax: Understanding the First Tax Period
- 17.08.2024
- Posted by: Malavika Kolera
- Categories: Dubai, Tax
The UAE’s Federal Tax Authority(FTA) has clarified that the first tax period for the Corporate Income Tax will vary based on the business’s establishment date and financial year, with specific provisions for newly established, existing, and non-resident entities.
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Corporate Income Tax Registration: End of August Deadline for June-Issued Licenses
- 10.08.2024
- Posted by: Malavika Kolera
- Categories: Dubai, Tax
The Federal Tax Authority has set a 31.08. deadline for Corporate Income Tax registration for businesses with licenses issued in June, emphasizing the importance of timely compliance to avoid penalties.
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UAE Central Bank Holds Steady: What It Means for European Businesses
- 02.08.2024
- Posted by: Malavika Kolera
- Category: Dubai
The Central Bank of the UAE’s decision to maintain its Base Rate at 5.40 percent aligns with US Federal Reserve policy, offering European businesses operating in or considering relocation to the UAE a stable yet challenging financial environment, with implications for borrowing costs, investment returns, and long-term planning.
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UAE Economic Growth: Implications for International Businesses
- 26.07.2024
- Posted by: Malavika Kolera
- Categories: Dubai, Tax
The Arab Monetary Fund projects economic growth for the UAE at 3.9% in 2024 and 6.2% in 2025, creating opportunities for international businesses considering expansion to the region.
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Important Changes to UAE EmaraTax Portal Access
- 17.07.2024
- Posted by: Malavika Kolera
- Categories: Dubai, Tax
Starting 30.09.2024, access to all FTA EmaraTax portal services will require logging in via the authorized person’s UAE PASS application, replacing the existing username-and-password system.
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Get Familiar With the Corporate Income Tax Penalties
- 22.06.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The Federal Tax Authority (FTA) has implemented stringent penalties for non-compliance with Corporate Income Tax regulations in the UAE, covering late registration, submission, payment, incorrect tax filings, and record-keeping.
