UAE Corporate Tax Questions

How are Islamic Financial Instruments treated under the General Interest Deduction Limitation Rules? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Should an Islamic Financial Instrument incorporate an element analogous to Interest, this component will be deemed economically similar to Interest and consequently subjected to the General Interest Deduction … Read more

What is the treatment of disallowed Interest expenditure? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Any Net Interest Expenditure exceeding 30% of a Taxable Person’s adjusted earnings before Interest, taxes, depreciation, and amortization (EBITDA) for a given Tax Period, and thus ineligible for deduction in that period, can … Read more

Is there a de minimis threshold for the General Interest Deduction Limitation Rule? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Certainly, the threshold is set at AED 12 million. Consequently, if a Taxable Person’s Net Interest Expenditure, which is the difference between Interest expenditure incurred and Interest income … Read more

Will my interest expenditure be fully deductible? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 The UAE Corporate Tax Law incorporates measures to regulate the deductibility of interest expenditure with the aim of discouraging excessive reliance on debt financing and ensuring that interest incurred on debt arising from specific … Read more

Are doubtful debts allowed as deductible expenditure? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Yes, doubtful debts are allowed as deductible expenditure, in alignment with the International Financial Reporting Standards (IFRS). Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore … Read more

What is the tax treatment of employee entertainment? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Employee entertainment costs will generally be deductible for Corporate Tax purposes provided they are incurred for business purposes Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate … Read more

Will a Corporate Tax deduction be available for revaluation losses and provisions? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 The Corporate Tax implications of a revaluation loss hinge on whether the Taxable Person has chosen to recognize gains and losses based on a realisation principle. In cases where … Read more

Will remuneration paid to management be a deductible expense for Corporate Tax purposes? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Compensation disbursed to a business’s management typically qualifies as an allowable expense for Corporate Tax purposes. Nevertheless, there are specific scenarios that can impact the deductible amount of … Read more

Will Value Added Tax paid be deductible for UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Only irrecoverable input Value Added Tax may be deductible for Corporate Tax purposes. Otherwise, Value Added Tax charged and Value Added Tax incurred would not impact the calculation of Taxable … Read more

Will the payment of a royalty to a foreign company in the worldwide group be deductible? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Ordinarily, a royalty payment to a foreign group company can be eligible for deduction when it constitutes a essential business expenditure. Furthermore, under UAE Corporate … Read more