What are the conditions to benefit from this Free Zone Corporate tax regime? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course To benefit from the Free Zone Corporate Regime , a legal entity must be in a qualifying Free Zone, have a presence there, earn the right type of income, … Read more
My Revenue for the current Tax Period is less than AED 3 million but exceeded AED 3 million in my previous Tax Period. Can I still claim Small Business Relief? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course No, once your Revenue surpasses AED 3 million in a Tax Period, … Read more
When is the UAE Corporate Tax regime effective? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 The New UAE Corporate Tax regime came for Financial Years starting on or after 1 June 2023. Applicability – It is applicable on following entities or business, they are: juridical persons incorporated in … Read more
How much pre grouping Tax Loss can be set off against income of a Tax Group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course In some cases, a company entering a Tax Group may have pre-grouping tax losses, incurred before becoming a group member, eligible for set-off. Set-Off Calculation Example … Read more
Do Tax Group transactions cover inter–subsidiary transaction under UAE CT Law? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course When calculating the taxable income of a Tax Group, transactions between the Parent and the subsidiaries are eliminated as per UAE Corporate Tax regulations. Transactions Between Subsidiaries of same Tax Group: … Read more
Can a Newly Incorporated Company become a part of a Tax Group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Expanding a business often involves forming a Tax Group to optimize corporate tax benefits. Imagine there’s an existing Tax Group with Parent Company, Subsidiary A, and Subsidiary B. If the … Read more
Can a Subsidiary, which becomes Resident of Foreign Country continue to be a part of Tax Group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Change in Tax Residency: If a company, which was initially a legitimate part of a Tax Group in the UAE, subsequently becomes a tax resident … Read more
Can a newly incorporated company claim the benefit of 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 Yes, a newly incorporated company can claim the benefit of the Free Zone Corporate Tax regime. The benefit is available to both the existing entities as … Read more
Can a foreign company 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 Free Zone company which is a subsidiary of a foreign company can also benefit from the Free Zone Corporate Tax regime It does not matter whether : – Entire … Read more
Can natural persons, unincorporated partnerships and sole establishments benefit from the Free Zone Corporate Tax regime ? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course The following person cannot claim the benefit of the UAE Free zone corporate tax regime Natural persons Unincorporated partnerships ; Sole establishments However, a juridical … Read more