Corporate Tax

It urged all concerned to prepare early and ensure the necessary documents are ready to meet their tax obligations efficiently and within the statutory deadlines

Under the new decision, international sports entities, sports entities, and supporting ancillary entities operating on a non-commercial basis will be eligible for the exemption

Amid further corporate tax reforms due to be implemented in 2026, businesses in the UAE should be motivated to align with the country’s push to become more globally competitive and transparent

A key change introduced by the new decree is the right for taxable persons to claim payments for unutilised tax credits arising from approved incentives or reliefs

The FTA DG said the high level of voluntary compliance reflected growing tax awareness among business sector and the efficiency of the EmaraTax digital platform

Created by accountants for accountants, Tax Star integrates seamlessly with existing systems to automate daily tasks

The FTA clarified that the penalty waiver only applies to the first tax period of a taxable or exempt person

This is the first financial year that the UAE corporate tax, enacted in 2023, is applied to the Emirates Group

The new regulation clarifies when non-resident investors in QIFs and REITs are subject to corporate tax under the country’s tax law

The first possible tax period for individuals conducting business or business activities is the calendar year 2024