What is “Small Business Relief” ?
Small Business Relief exempts certain businesses from the obligation to calculate and pay Corporate Tax and relieves them from regular Corporate Tax reporting requirements. Eligible Taxable Persons with Revenues of AED 3 million or less in the current Tax Period and those ending on or before December 31, 2026, can elect to be treated as having no Taxable Income for that Tax Period and are not required to calculate their Taxable Income or file a complete Corporate Tax Return. Refer to question 66 for eligibility details. If a Taxable Person’s Revenue exceeds AED 3 million in any Tax Period, they will no longer be eligible for Small Business Relief for that Tax Period and subsequent periods
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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?
Are you a Taxable Person liable for Corporate Tax under the UAE Corporate Tax Law? Can an Exempt Person be considered as a Taxable Person?
