INTRODUCTION The UAE corporate law brought about a relieving provision for small businesses by virtue of Article 21 – Small Business Relief. The intention was to reduce the compliance burden on small businesses and with easier implementation of corporate tax regime. The provisions of corporate tax are applicable to financial years commencing on or after … Read more
Are UAE companies required to mandatorily prepare and maintain audited Financial Statements ? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 UAE companies’ requirement to prepare and maintain audited Financial Statements depends on their status as either a Qualifying Free Zone Company or the amount of their annual revenue. … Read more
What is revenue for availing Small Business Relief under UAE Corporate Tax Law? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course It is essential to understand the meaning of revenue to claim small business relief under UAE Corporate Tax Law. Revenue v. Profit: In accounting, revenue represents the total income … Read more
UAE Corporate tax on full fledged manufacturer – A Free Zone Person Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Manufacturing vs. Distribution: It’s crucial to distinguish between companies engaged in manufacturing and those in distribution. Manufacturers procure raw materials and transform them into finished products, while distributors purchase products … Read more
Corporate tax on toll manufacturer – A Free Zone Person Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Toll Manufacturer and Corporate Tax: The tax treatment of income earned by a toll manufacturer in the UAE, who may be a free zone person, is a common question. It revolves around … Read more
What does “large” multinationals mean? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 A multinational corporation is a big company that operates in its home country and also in other countries through branches or subsidiaries. Just making money from other countries without having a physical presence there doesn’t make … Read more
What are Pillar Two rules in AD (Additional)? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 The UAE is part of an international framework called the OECD BEPS Inclusive Framework, which aims to tackle global tax challenges. The introduction of a Corporate Tax system in the UAE is a … Read more
What happens if I don’t comply with UAE Corporate Tax rules? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Just like with other taxes in the UAE, if your business doesn’t follow the rules for UAE Corporate Tax, there will be penalties. Contact us for UAE Corporate Tax Advise … Read more
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