Will small businesses receive any relief from UAE Corporate Tax?
Businesses with Revenues of AED 3 million or less in the current Tax Period and prior Tax Periods can opt for ‘Small Business Relief’ for Tax Periods ending on or before December 31, 2026. Choosing Small Business Relief means that a Taxable Person will be treated as if they had no Taxable Income during the relevant Tax Period and can benefit from simplified compliance requirements. To claim Small Business Relief, the election must be made in the Taxable Person’s Corporate Tax Return for the relevant Tax Period.
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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?
