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…
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…
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…
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,…
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,…
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…
The process of registering for corporate tax in the UAE includes significant steps. Initially, businesses need to collect all pertinent financial documents, ensuring their accuracy and completeness. Following this, they can commence the registration procedure through the official channels offered by the Federal Tax Authority (FTA). The FTA provides a user-friendly online portal, enabling companies…
When onboarding new clients, conducting a customer risk assessment becomes imperative. This process aids in identifying individuals with a potentially elevated risk, enabling the implementation of appropriate measures to thwart money laundering. In the dynamic landscape of contemporary business, it is essential to comprehend and navigate these risks effectively for sustained prosperity. This guide explores…
In the ever-evolving and changing landscape of global finance, staying ahead of emerging risks is paramount. One such risk that has gained increasing attention in recent years is Proliferation Finance. As the world grapples with the complex interplay of economic interests and geopolitical tensions, financial institutions find themselves on the frontline, tasked with identifying and…
The UAE implemented a corporate tax starting from June 1, 2023. This tax is levied on the adjusted accounting net profits of businesses exceeding 375,000 AED. A single corporate tax return will suffice per fiscal year, eliminating the need for advance tax payments or provisional tax returns. The Ministry of Finance outlined the corporate tax…
