This guide explains how corporate tax is calculated in Dubai and across the UAE, what counts as taxable income, common traps to avoid, and step-by-step examples you can use to estimate tax liability for a company. It focuses on the rules introduced under the UAE corporate tax regime and is written for business owners, finance […]
Running a business in the UAE means understanding two different taxes that often get confused: Value Added Tax (VAT) and Corporate Tax. They serve different purposes, have different rates, and follow different reporting rules. Below is a straightforward guide to who must register, how each tax is calculated, filing timelines, and practical steps to stay […]
This article explains what an opening balance sheet is, how the historical cost and fair value accounting methods affect UAE corporate tax, and how the transitional rule relief operates to prevent companies from paying tax on gains that accumulated before the introduction of corporate tax. Why this Matters? UAE corporate tax applies from a company’s […]
The introduction of the 9% corporate tax regime in the UAE has brought significant changes to the business landscape. However, recognising the strategic importance of Free Zones, the UAE Federal Tax Authority (FTA) has provided a pathway for Free Zone companies to benefit from a 0% corporate tax rate, provided they meet certain conditions. In […]
The introduction of corporate tax in the UAE marks a significant milestone in the country’s economic landscape. As businesses and tax professionals navigate this new regime, understanding the nuances of the law especially concerning free zones and transitional provisions is crucial. This article is focusing on the latest decisions around qualifying free zone income and […]