Is there a difference between a Designated Zone and a Free Zone? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 A Designated Zone has certain additional advantages, in terms of claiming preferential tax regime under the UAE corporate tax law. Such Zone, refers to a Free Zone, which is … Read more
. How are Qualifying Free Zone Persons taxed under the UAE Corporate Tax regime? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course The taxation of various income and activities of a Qualifying Free Zone Persons, at 0% is as under : – Taxable income from Qualifying Activities other than income … Read more
Who is a Qualifying Free Zone Person? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course A Free Zone Person can be a “Qualifying Free Zone Person” or a “non – Qualifying Free Zone Person” . The difference is important because the income of a Qualifying Free Zone Person, may be … Read more
Who is a Free Zone Person? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Under the provisions of the UAE corporate tax law, the beneficial provision of the Free Zone Corporate Tax regime are available only to Free Zone Persons. The following category of taxpayers are covered as Free Zone … Read more
What is the Free Zone Corporate Tax regime? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Under the UAE Free Zone Corporate Tax regime, the following company can claim a preferential tax rate of 0% : – Free Zone companies ; and Free Zone branches In order to claim this … Read more
Apart from being treated as having no Taxable Income for the Tax Period, what other Corporate Tax benefits (e.g., documentation) can I enjoy when selecting Small Business Relief? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Businesses that opt for Small Business Relief can benefit from various compliance-related advantages, in … Read more
Can I still select Small Business Relief in the current Tax Period even if I didn’t choose it in previous periods? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, you can. If your Revenue remained below AED 3 million in the previous Tax Periods, you remain eligible to opt … Read more
What occurs with excess Interest expenses I’ve accrued in previous Tax Periods if I choose Small Business Relief? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Excess Interest expenses recorded in a prior Tax Period before electing Small Business Relief can be carried forward, allowing them to be utilized in … Read more
What happens to Tax Losses I’ve accumulated in previous Tax Periods if I opt for Small Business Relief? What about extra interest expenses from before Small Business Relief? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Tax Losses that a Taxable Person has incurred in preceding Tax Periods, before electing … Read more
Do Non-Residents qualify for Small Business Relief Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 No, Small Business Relief is exclusively available to Resident Persons who meet specific criteria and are neither part of a Multinational Enterprise Group (refer to question 74 for details on Multinational Enterprise Groups) nor … Read more