Newly established businesses in the UAE must register for corporate income tax within a mandatory 3-month window to avoid penalties.

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.

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.

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.

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.

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.

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.