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UAE Corporate Income Tax: Understanding the First Tax Period
- 17.08.2024
- Posted by: Malavika Kolera
- Categories: Tax, Dubai
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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: Tax, Dubai
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: Tax, Dubai
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: Tax, Dubai
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.
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UAE Signs Another Double Taxation Avoidance Agreement
- 08.06.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE is expanding the list of countries with which it has signed Double Taxation Avoidance Agreements (DTAs).
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IMPORTANT: The Timelines for Registration of Taxable Persons for UAE Corporate Tax
- 02.03.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The Federal Tax Authority’s Decision No. 3 of 2024 introduces specific registration timelines for taxable persons under UAE Corporate Tax, effective from 01.03.2024, with penalties for non-compliance.
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Understanding Transfer Pricing
- 21.02.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The introduction of transfer pricing regulations in the UAE highlights the need for companies to ensure transactions between entities are conducted at arm’s length, aiming for transparency and compliance in international business operations.
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UAE Corporate Tax: Key Rules for Unincorporated Partnership Registration and Profit Sharing
- 08.01.2024
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
The UAE Corporate Tax Law mandates unincorporated partnerships to appoint an ‘Authorized Partner’ for tax obligations, offering an option to be treated as a Taxable Person under certain conditions.
