UAE Corporate Tax Residency and Tax Residency Certificate Guide
UAE Corporate Tax Residency and Tax Residency Certificate: A Comprehensive Guide Introduction The United Arab Emirates has become a prominent hub for international business and finance. As the UAE introduces corporate tax, understanding tax residency criteria is essential for companies to optimize their tax status and remain compliant. This guide by NAM Accountants provides insights […]
Corporate Tax Saving Strategies for UAE Businesses: Maximize Deductions and Profitability
Corporate Tax Saving Strategies for UAE Businesses: Leveraging Allowable Deductions for Optimal Profitability As the UAE introduces corporate tax, businesses are eager to explore strategies to enhance profitability by leveraging allowable deductions. By adopting effective corporate tax-saving approaches, companies can reduce taxable income and secure substantial financial savings. Here’s a comprehensive overview of the primary […]
UAE Corporate Tax Return Deadline Extended to 31st December 2024
UAE Corporate Tax Return Deadline Extended to 31st December 2024 . On 26 September 2024, the Federal Tax Authority (FTA) released decision no.7 of 2024 stating the Postponement of the Deadline to File a Corporate Tax Return and Settle the Corporate Tax Payable for Certain Tax Periods for the Purposes of Federal Decree-Law No. 47 […]
Corporate Tax Registration Deadlines in the UAE
Corporate Tax Registration Deadlines in the UAE: Stay Compliant with FTA Regulations Introduction Corporate tax compliance is a critical requirement for businesses operating in the UAE. Following the issuance of Decision No. 3 of 2024 by the Federal Tax Authority (FTA), entities must adhere to structured registration deadlines for corporate tax. This article provides a […]
Dubai Crypto Tax: Everything You Need To Know
Navigating Dubai’s crypto tax landscape is like exploring a constantly evolving financial oasis. As a growing hub for cryptocurrency investors and businesses, Dubai combines regulatory clarity with tax incentives, attracting many to its shores. The city’s legal framework and tax regime are designed to foster growth and innovation in the digital asset sector while offering […]
Dubai Introduces 20% Annual Tax on Foreign Banks
In his role as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has enacted Law No. (1) of 2024 concerning the taxation of foreign banks operating within the emirate of Dubai, henceforth referred to as ‘the New Law’. This legislation supersedes Regulation No. […]
Penalties for UAE Corporate Tax
UAE corporate tax regulations were subject to fines and penalties for businesses that violated them. Enterprises have to be prepared to register for CT and make the required payments as soon as possible in order to avoid fines and penalties. Penalties for UAE Corporate Tax On June 1, 2023, the UAE implemented Corporate Tax, and […]
UAE Corporate TAX Deadline
Determination of the corporate tax period and its deadline for submission Knowledge of taxation is essential for running any business. Businesses operating in the UAE are required to have working knowledge of the system of taxation there, which includes the newly introduced corporate tax. In this article, we will delve into the details of corporate […]
UAE corporate Tax: New Dh10,000 fine announced for late registration
The cabinet decision will come into effect on March 1 On Tuesday, the Ministry of Finance unveiled a fresh penalty of Dh10,000 for individuals who fail to promptly register for corporate tax. This measure aims to motivate taxpayers to adhere to tax regulations by ensuring timely registration. The fine for late tax registration mirrors the […]
FTA guide on the UAE Tax on Foreign Income
On December 12, 2023, the UAE Federal Tax Authority (FTA) issued a Corporate Tax Guide focusing on the Taxation of Extractive Business and Non-Extractive Natural Resources Business.the UAE This comprehensive guide outlines general instructions applicable to individuals engaged in Extractive Business or Non-Extractive Natural Resource Business within the UAE. Key aspects covered in the guide […]
