The UAE’s Federal Tax Authority (FTA) recently rolled out new guidelines on the determination of taxable income, a crucial move for businesses operating within the region. As the UAE continues to refine its tax regulations, businesses must stay informed about these updates to ensure compliance and optimize their tax strategies. Key Takeaways From The FTA’s…
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In an effort to simplify the VAT refund process for UAE citizens constructing new homes, the Federal Tax Authority (FTA) has rolled out the second phase of the ‘Maskan’ application. This advanced digital platform is designed to streamline the process, making it more efficient and user-friendly. Here’s a guide on how UAE citizens can leverage…
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The UAE has long been a global financial center and a prominent business hub in the Middle East, offering multiple benefits to businesses and foreign investors. One of the biggest incentives included the ‘nil’ tax on profits earned in the country, with only a few exceptions. However, the introduction of a Federal Corporate Tax (CT…
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The UAE’s strong economy, growing population, and strategic location make it a magnet for investors and businesses alike. The real estate sector is a major economic driver among the different sectors and industries contributing to the country’s economy. Let’s find out all about the corporate tax in UAE on real estate, its applicability and exemptions.…
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Transfer pricing is one of the areas to consider for a company’s compliance strategies from a taxation perspective. However, this should be done ethically to avoid manipulating transfer pricing to save taxes. The transfer pricing for businesses in the UAE is critical and should be in compliance with requirements as per UAE Corporate Taxation regulations.…
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Understanding the UAE Corporate Tax law with a focus on the foreign source is a must. As the UAE Corporate Tax Registration deadline is starting from 31st May 2024, we shall walk you through the norms for Foreign Entities in this article. This blog is essential for anyone who is seeking insights on how foreign…
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The FTA has announced that fines and penalties for corporate tax non-compliance will be enforced in the UAE. Starting from August 1, 2023, companies failing to comply with corporate tax regulations will face penalties. In the UAE, businesses must follow corporate tax laws to avoid fines and penalties. This requirement applies to all companies in…
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The UAE Corporate Tax Registration deadline is here! Here is the step-by-step guide through the entire process of registering for corporate tax in UAE to ensure the right compliance with the law and to boost your financial business potential. In this blog, we shall cover the in-depth understanding of UAE Corporate Tax Registration- How, When,…
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Corporate businesses in the UAE are the key drivers for the growth and development of every individual. Keeping a book of accounts helps in maintaining ethical business practices. To keep up with the pace and growth of business, all businesses in the UAE need to comply with corporate taxation to achieve success. In this blog,…
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Taxation is a very crucial part of business companies. With this blog, we shall give you valuable insights into UAE Corporate Tax Calculation. Before that, let us give you a sneak into what exactly is corporate tax. What is UAE Corporate Tax Calculation. (CTC)? UAE Corporate Tax Calculation refers to the process of determining the…
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