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
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
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