What happens to Tax Losses I’ve accumulated in previous Tax Periods if I opt for Small Business Relief? What about extra interest expenses from before Small Business Relief?
Tax Losses that a Taxable Person has incurred in preceding Tax Periods, before electing for Small Business Relief, can be carried forward for utilization in future periods when Small Business Relief is neither elected nor applicable.
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Related Content for UAE Corporate Tax
Are Free Zone companies in UAE liable to Corporate Tax ?
Free Zone has distinct taxation system based on Qualifying Income and Excluded Income. It is therefore essential to know the kind of income taxable under UAE Corporate Tax Law for Free Zone companies.
Can you Split up your Business to claim Small Business Relief in the UAE?
If your business exceeds the Revenue Threshold limit for Small Business Relief, can you split up your business to claim Small Business Relief as per UAE Corporate Tax Law or will it constitute a Tax Crime punishable under the UAE Tax Procedures Law?
Who is a Taxable Person under UAE Corporate Tax Laws?
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