TME Services

  • Interest Deductions in the UAE Corporate Tax

    • 19.10.2023
    • Posted by: Malavika Kolera
    • Categories: Tax, Accounting, Dubai
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    The Federal Decree Law No. 47 of 2022 outlines provisions for interest expenditure deductions, allowing up to 30% of the EBITDA with exceptions for net interest below AED 12 million, specific rules for related party transactions, and exceptions if no corporate tax advantage is sought.

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  • Understanding the Tax Loss Provisions in the UAE

    • 13.10.2023
    • Posted by: Malavika Kolera
    • Categories: Tax, Dubai
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    Federal Decree Law No. 47 of 2022 introduces key changes in UAE’s tax landscape, allowing businesses to adjust previous year’s tax losses against subsequent tax periods, with specific conditions for offset and transfer.

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  • UAE Corporate Tax and IFRS Compliance: A Guide to Financial Reporting

    • 09.10.2023
    • Posted by: Malavika Kolera
    • Categories: Tax, Accounting, Dubai
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    The Federal Decree Law No. 47 of 2022 in the UAE necessitates that Taxable Persons adhere to IFRS, placing heightened importance on IAS 12 for effective tax accounting and compliance.

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