Which exchange rate should I use for UAE Corporate Tax?

Which exchange rate should I use for UAE Corporate Tax?

You should use the exchange rate set by the Central Bank of the UAE when you’re converting foreign currency transactions into UAE Dirhams. The tax authority will tell you how to do this.

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Related Content for UAE Corporate Tax

Are Free Zone companies in UAE liable to Corporate Tax ?

Free Zone has distinct taxation system based on Qualifying Income and Excluded Income. It is therefore essential to know the kind of income taxable under UAE Corporate Tax Law for Free Zone companies.

Can you Split up your Business to claim Small Business Relief in the UAE?

If your business exceeds the Revenue Threshold limit for Small Business Relief, can you split up your business to claim Small Business Relief as per UAE Corporate Tax Law or will it constitute a Tax Crime punishable under the UAE Tax Procedures Law?

Who is a Taxable Person under UAE Corporate Tax Laws?

Are you a Taxable Person liable for Corporate Tax under the UAE Corporate Tax Law? Can an Exempt Person be considered as a Taxable Person?