UAE Corporate Tax Questions

Why are the consolidated Financial Statements of a Tax Group prepared by aggregating the standalone Financial Statements of the Parent Company and each Subsidiary within the Group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 The preparation of consolidated Financial Statements, following the International Financial Reporting Standards (IFRS), involves … Read more

Upon choosing the Cash Basis of Accounting for Financial Statements, are there specific standards governing the maintenance of documents or records? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course There are no specific standards exclusively applicable to Persons who prepare their Financial Statements using the Cash Basis of Accounting. However, … Read more

Under what circumstances can a Person utilize the Cash Basis of Accounting for their Financial Statements? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course A Person may employ the Cash Basis of Accounting if their Revenue does not exceed AED 3,000,000. If a Person’s Revenue surpasses the AED 3 million … Read more

What is Cash Basis of Accounting? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course An accounting method under which the Taxable Person recognizes income and expenditure when cash payments are received and paid. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore … Read more

Which accounting standards must a Taxable Person adhere to? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Taxable Persons are mandated to adhere to the International Financial Reporting Standards (IFRS). However, if their Revenue falls below AED 50,000,000, they have the option to employ the IFRS for Small and … Read more

Whether an income earned from UAE investments through the foreign investor be subject to UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Ordinarily, income derived from dividends, capital gains, interest, and royalties earned by foreign legal entities or natural persons shall not be subject to UAE Corporate … Read more

How can one determine on whether the income is sourced from the UAE or not? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Income shall be considered sourced from the UAE if it originates from a UAE resident, is attributable to a Permanent Establishment in the UAE of a non-UAE … Read more

Whether an investment under UAE’s Real Estate be subject to UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course A foreign company investing in UAE real estate in their personal capacity, without obtaining a License, generally will not be subject to UAE Corporate Tax and the related compliance … Read more

How can someone confirm whether that person is a Permanent Establishment in the UAE? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Generally, a foreign company will have a Permanent Establishment in the UAE if it possesses a fixed or permanent place within the UAE through which the entity’s business … Read more

When will a foreign company be subject to UAE Corporate Tax as a Non-Resident Person? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course A foreign natural person that does not conduct a taxable Business or Business Activity in the UAE would generally not be subject to UAE Corporate Tax. Contact … Read more