UAE Extends Corporate Tax Exemption to Public and Community Welfare Entities
In a move aimed at recognizing the significant contributions of entities dedicated to public and community welfare, the UAE Ministry of Finance has announced an exemption from corporate tax for such organizations. This exemption is set to take effect this year, providing a significant incentive for entities engaged in philanthropy, community services, and corporate social […]
Understanding Corporate Tax Exclusions for Natural Persons in the UAE
In recent years, the United Arab Emirates (UAE) has been working towards enhancing its tax framework to create a favorable business environment. One of the notable changes is the introduction of the UAE Corporate Tax Law, accompanied by a Cabinet Decision that specifies the categories of businesses and activities subject to corporate tax. This development […]
UAE Cabinet Decision Enhances Corporate Tax Framework for Business Activities
The Ministry of Finance has announced the issuance of UAE Cabinet Decision No. (49) of 2023, which pertains to the treatment of individuals, both resident and non-resident, engaged in business or business activities for the purpose of Corporate Tax Law. UAE’s dedication to maintaining a transparent and competitive tax framework that benefits local and […]
