What are the audit requirements in UAE?
The Commercial Companies Federal Law, No. 32 of 2021, has brought about several notable changes to the regulatory landscape for firms operating in the United Arab Emirates (UAE). A crucial…
CORPORATE TAX: A SUMMARY
Section 4 – DEDUCTIONS & CALCULATIONSCORPORATE TAX: A SUMMARY
Section 4 - DEDUCTIONS & CALCULATIONS Regardless of their location, businesses and multinational corporations must consider the extensive implications of the UAE's corporate tax law. This change has the potential…
CORPORATE TAX: A SUMMARY
Section 3 – REQUIRED FINANCIAL RECORDS
Section 3 - REQUIRED FINANCIAL RECORDS Business entities registered in the United Arab Emirates are mostly subject to corporate taxes. To promptly maintain corporate tax compliance in the UAE, businesses…
CORPORATE TAX: A SUMMARY
Section 2
Section 2 - BUSINESS PREPARATIONS & ADAPTATIONS UAE's corporate tax law will apply to businesses & multinational corporations operating in the country, regardless of their location. This impact on the national…
CORPORATE TAX: A SUMMARY
Section 1
Section 1 - APPLICABILITY Corporate Income Tax is a type of income-based direct tax. The UAE Ministry of Finance said in January 2022 that corporate taxes would be implemented throughout…
EmaraTax incorporates the UAE PASS digital signature Feature !!!
Federal Tax Authority introduced the UAE PASS function on the EmaraTax platform. The Federal Tax Authority (FTA) announced the addition of the single sign-on feature of UAE PASS - the UAE's…
WHY DOES A COMPANY REQUIRE AN EXTERNAL AUDIT?
Conducting an external audit can provide a company with several advantages. The most important of these advantages is that a third-party analysis of our organization would offer a fresh viewpoint…
Explanation manual released by the Ministry of Finance
Federal Decree-Law No 47 of 2022 - Taxation of Corporations and Businesses Explanatory commentary on the many aspects of the UAE Corporate Tax code that promote economic activity and lessen…
Who may file for Small Business Relief under Corporate TAX in the UAE as of 9th May 2023?
MINISTERIAL DECISION NO. 73 OF 2023 ON SMALL BUSINESS RELIEF – Defines the threshold and additional criteria for individuals including resident person , non resident person and members of Multinational Enterprises…
Is VAT applicable to your business?
Check out the registration procedures!!!
Businesses that supply products or services must register for VAT as a necessary requirement. The final consumer is ultimately responsible for paying VAT, which is a consumption tax that is…