Free Zones of UAE and UAE Corporate TAX

Understanding the Distribution of Goods taxability Qualifying Activities generate Qualifying Income, Qualifying Income makes a Free Zone Person as a Qualifying Free Zone Person and then only automatic eligible for 0% Corporate Tax Rate, whether the transaction is with another Free Zone entity or Non-Free Zone entity. One of the 13 Qualifying Activities is: Distribution […]

Permanent Establishment: Look Within for Tax Compliance

In today’s globalized business landscape, companies are expanding their operations across borders, reaching new markets and customers. However, this expansion also brings new challenges in terms of tax compliance, particularly related to the concept of Permanent Establishment (PE). In this blog, we will delve into the significance of understanding PE and the importance of ensuring […]

Tax Accounting: The New Frontier of Financial & Management Accounting

IFRS Accounting Support

In the ever-changing world of accounting, tax accounting has emerged as a new frontier that demands attention from financial and management accountants. With complex tax regulations and increased scrutiny from tax authorities, understanding and effectively managing tax obligations has become crucial for businesses. In this blog, we will explore the significance of tax accounting as […]

Permanent Establishment: Look Within for Tax Compliance

In today’s globalized business landscape, companies are expanding their operations across borders, reaching new markets and customers. However, this expansion also brings new challenges in terms of tax compliance, particularly related to the concept of Permanent Establishment (PE). In this blog, we will delve into the significance of understanding PE and the importance of ensuring […]

Tax Accounting: The New Frontier of Financial & Management Accounting

In the ever-changing world of accounting, tax accounting has emerged as a new frontier that demands attention from financial and management accountants. With complex tax regulations and increased scrutiny from tax authorities, understanding and effectively managing tax obligations has become crucial for businesses. In this blog, we will explore the significance of tax accounting as […]

Individuals in Business: The Focus of Tax Authorities in UAE

In recent years, the tax landscape in the United Arab Emirates (UAE) has undergone significant changes, with tax authorities placing increased scrutiny on individuals who are engaged in business activities. This shift in focus has brought about new challenges and obligations for individuals operating in the business sector. In this blog, we will explore why […]

UAE Corporate Tax Features For SMEs

The UAE introduced a corporate tax law in December 2022, which will come into effect on June 1, 2023. The standard corporate tax rate is 9%, but there are a number of features that are designed to make the tax more manageable for small and medium-sized enterprises (SMEs). Small Business Relief One of the most […]

Deferred Tax vs. Corporate Tax

Deferred Income Tax is soon going to be UAE’s accountants’ headache because its concept and application is not easy to understand.  But it is so for accountants because it has been taken so at its name’s value. Only for Deferred Tax, if one may say that “What’s in a name!”, life will be easy. Here […]