Where in the UAE does the adequate substance need to be maintained? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 A company can keep its operations and presence in the Free Zone where it’s registered, or in any other Free Zone. Contact us for UAE Corporate Tax Advise CONTACT … Read more
How will adequate substance be assessed? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 It depends on the company and what it does. They will look at how many people they have, the things they own, and how much money they spend on their operations in the Free Zone. … Read more
What is ‘adequate substance’/ Economic Substance Regulations (ESR)for Free Zone Person in the UAE? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 A company in the Free Zone needs to have enough presence and activity in the Free Zone that matches what it’s doing to make money. Contact us … Read more
Who will determine if a Qualifying Free Zone Person has continued to meet all the conditions to benefit from the Free Zone Corporate Tax regime? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 The company itself needs to make sure it follows the rules. But the government can also … Read more
What are the de minimis requirements? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 These rules say that a company can still get the tax benefits if only a small part of its income doesn’t meet the rules. This small part should be less than 5% of its total … Read more
What happens if a Qualifying Free Zone Person earns income that is not Qualifying Income? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 If a company earns money that doesn’t meet the rules, it can’t get the tax benefits, unless it’s a small or minor amount of money. Contact … Read more
What happens if a Qualifying Free Zone Person fails one or more of the conditions? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course If a company in the Free Zone doesn’t follow one or more of the rules, it loses the tax benefits for five years. During that time, it … Read more
Will a Qualifying Free Zone Person need to maintain documents to evidence compliance with the conditions of the Free Zone Corporate Tax regime? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, companies need to keep records to prove they’re following the rules. This includes records about how they operate … Read more
Does the Free Zone Corporate Tax regime apply automatically? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, if a company in the Free Zone meets all the rules, it automatically gets the benefit of the 0% tax rate. You don’t have to apply for it Contact us for UAE … Read more
What is Qualifying Income? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Qualifying Income is the money that can enjoy a 0% tax rate under the Free Zone Corporate Tax system. Qualifying Income includes money earned from doing business with other Free Zone companies and income from specific types of … Read more