UAE corporate tax

The latest guidance comes as many businesses prepare to file their corporate tax returns for the first full tax periods under the UAE’s Corporate Tax Law

Where penalties have already been paid, the corresponding amount will automatically be credited to the taxpayer’s account on the EmaraTax platform and can either be used to settle future tax liabilities or refunded through a refund application

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