UAE Corporate Tax – Learn about UAE Corporate tax rates, exemptions, and regulations impacting businesses in the United Arab Emirates. Chapter One – General provisions Chapter Two – Imposition of Corporate Tax and Applicable Rates Chapter Three – Exempt Person under UAE Corporate Tax Law Chapter Four – Taxable Person and Corporate Tax Base Chapter … Read more
XYZ Inc. earns UAE-sourced income but doesn’t have a PE in the UAE. Is it required to register for UAE Corporate Tax? Yes No Answer Answer: No XYZ Inc. has established a management office, QRS LLC in the UAE for the supervisory work. Would this office constitute as PE in the UAE? Yes No Answer … Read more
Are UAE companies required to mandatorily prepare and maintain audited Financial Statements ? Contact us for UAE Corporate Tax Advise UAE companies’ requirement to prepare and maintain audited Financial Statements depends on their status as either a Qualifying Free Zone Company or the amount of their annual revenue. The important points are: Qualifying Free Zone … Read more
UAE Corporate Tax in Dubai and other Emirates, is an evolving law, one that has vast implications for the business, professional and individuals working in the UAE. It is a direct tax levied on the net income of corporations and other businesses . Some of the key features of UAE Corporate Tax in Dubai are … Read more
Taxation of UAE Residents – Introduction In the UAE, taxation of UAE resident, shall depend on their tax status. Generally, the following person are treated as a UAE resident for income tax purpose – Taxation of UAE Resident : – Legal person incorporated in the UAE; Natural person, engaged in business in the UAE, directly … Read more
Limitation of Deduction of Interest under UAE CT Tax Base Erosion Deductible interest payments, where the recipient of the interest income is not taxed (e.g., an individual shareholder or a Free Zone Person) Net interest expense can be deducted to 30% of a earning of business before interest, tax, depreciation, and amortization (EBITDA), as to … Read more
Introduction – Chapter 10 – Transactions with Related Parties and Connected Persons under the UAE Corporate Tax Law The term “Transfer Pricing” refers to the process of determining the price of an international transaction between two or more Related Parties. For example, when a subsidiary company sells goods, or provides services to its holding company … Read more
Introduction – Chapter 13 Calculation of UAE Corporate Tax Payable One of the key provisions of the UAE Corporate Tax Law is the one laid down for the calculation of Corporate Tax Payable. Further, it is quintessential for every economy to create a framework for the correct determination of tax liability of various taxpayers in … Read more
Taxation of UAE companies depend on whether they are domestic companies or foreign companies. Besides companies, it also covers certain other form of legal person. Let us look at these in detail Which all Legal persons are covered under UAE Corporate Tax ? UAE CT will apply to the following categories of legal person : … Read more
Introduction – Chapter 3 Exempt Persons under UAE Corporate Tax Law A person who is exempt under the UAE Corporate Tax Law is not liable to pay Corporate Tax. This can be because of automatic exemption or by exemption through an application by the Taxable Person. Further, the provision details who can automatically be considered … Read more
Join our UAE Corporate Tax Community for Videos + Live Webinars, Polls + Case studies
