Who needs to register for UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 All Taxable Persons must register for UAE Corporate Tax and get a Corporate Tax Registration Number. Non-Resident Persons earning State Sourced Income in the UAE without a Permanent Establishment don’t need to register. … Read more
Which exchange rate should I use for UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 You should use the exchange rate set by the Central Bank of the UAE when you’re converting foreign currency transactions into UAE Dirhams. The tax authority will tell you how to … Read more
What currency should I use for UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Your income, deductions, and credits should be in UAE Dirhams. If you have income or expenses in a foreign currency, you need to convert them into UAE Dirhams, following the method prescribed … Read more
Do I have to submit my financial statements to the Federal Tax Authority? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 The tax authority might ask for your financial statements in a specific format and within a certain timeframe. Contact us for UAE Corporate Tax Advise CONTACT US FOR … Read more
Do tax groups need to audit their consolidated financial statements for Corporate Tax purposes? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 If the tax group’s total revenue in a tax period is over AED 50 million, then yes, they need to have their financial statements audited. Contact us … Read more
Does this obligation to prepare audited financial statements for Corporate Tax purposes replace other audit requirements under different laws? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 No, it doesn’t change other audit obligations under different laws, but it confirms the obligation specifically for Corporate Tax. Contact us for … Read more
Can I use “certified” financial statements instead of audited ones? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 No, you can’t substitute audited financial statements with “certified” ones. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore our course! Visit our … Read more
Do I need ‘certified financial statements’? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Currently, there’s no requirement for certified financial statements. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore our course! Visit our website today Related Content for UAE … Read more
What does ‘audited financial statements’ mean? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 It means your financial statements must be checked by a registered auditor, following specific auditing standards. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore our course! … Read more
Who needs to prepare and maintain audited financial statements? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 You need to do this if you’re a Taxable Person and your revenue exceeds AED 50 million during the relevant tax period, or if you’re a Qualifying Free Zone Person. Contact us … Read more