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Small Business Relief in the UAE Corporate Tax Regime
- 23.10.2023
- Posted by: Uwe Hohmann
- Categories: Tax, Accounting, Dubai
No CommentsThe Small Business Relief in the UAE Corporate Tax regime offers eligible businesses with revenues below AED 3,000,000 simplified tax return procedures and exemption from Corporate Tax.
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UAE E-Commerce Landscape: Insights, Opportunities, and Guidelines for Optimal Company Setup
- 20.10.2023
- Posted by: Uwe Hohmann
- Categories: Company Setup, Dubai
The UAE’s e-commerce sector is witnessing significant growth, offering promising business opportunities.
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Interest Deductions in the UAE Corporate Tax
- 19.10.2023
- Posted by: Malavika Kolera
- Categories: Tax, Accounting, Dubai
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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Dubai Chamber of Digital Economy Releases Comprehensive Guide for Startups
- 18.10.2023
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
The Dubai Chamber of Digital Economy has released a comprehensive guide titled ‘Building Your Business in a Dynamic City: The Entrepreneur’s Guide to Business Setup in Dubai,’ aiming to assist startups in navigating the emirate’s digital ecosystem.
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The UAE’s 0% Corporate Tax for Qualifying Free Zone Persons (QFZP)
- 16.10.2023
- Posted by: Omar Sami
- Categories: Tax, Dubai
The United Arab Emirates has introduced a 0% corporate tax rate for Qualifying Free Zone Persons (QFZP) operating within UAE Free Zones, contingent on specific criteria and income qualifications.
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Understanding the Tax Loss Provisions in the UAE
- 13.10.2023
- Posted by: Malavika Kolera
- Categories: Tax, Dubai
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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Permanent Establishments in UAE’s Corporate Income Tax Regime
- 12.10.2023
- Posted by: Derya Bandak
- Categories: Tax, Dubai
Understanding the concept of a Permanent Establishment (PE) is essential for businesses operating in the UAE to ensure compliance with the country’s corporate income tax regulations.
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Unincorporated Partnerships in the UAE and Their Tax Treatment
- 10.10.2023
- Posted by: Omar Sami
- Categories: Tax, Accounting, Dubai
Unincorporated partnerships in the UAE are flexible entities without separate legal personalities, subject to unique tax treatments where partners are taxed individually on their share of income, and can opt for corporate taxable status, while needing to align with UAE’s Commercial Companies Law for specific commercial activities.
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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
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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UAE Economy Set to Soar: 3% Growth in 2023, 4% in 2024
- 03.10.2023
- Posted by: Derya Bandak
- Category: Dubai
The UAE is poised for robust economic growth, fueled by a resilient banking sector, burgeoning tourism industry, and forward-thinking government initiatives, offering a diversified investment landscape that’s increasingly attractive to global investors.
