Search For "corporate tax"
MoF says OECD's rating of Free Zone Corporate Tax regime will enhance UAE'
Updated : 2 years, 1 month ago IST
The UAE Ministry of Finance (MoF) said the latest review by the Organisation for Economic Co-operation and Development (OECD) on preferential tax regimes has officially recognised the United Arab Emirates Free Zone Corporate Tax (CT) regime as 'non-harmful', underscoring the UAE's robust tax
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"Opaque corporate tax practices are still a barrier...": US envoy Garcetti
Updated : 2 years, 1 month ago IST
While highlighting that American companies are very interested in investing in India, the US Ambassador in India, Eric Garcetti pointed out that "opaque" corporate tax practices in the country are still a "barrier" for many companies.
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UAE: FTA issues guide outlining criteria to determine natural persons subj
Updated : 2 years, 3 months ago IST
The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural persons subject to the Corporate Tax Law, which came into effect on June 1, 2023.
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UAE Ministry of Finance announces new Corporate Tax decisions related to f
Updated : 2 years, 4 months ago IST
Under the revised Cabinet Decision, the scope of Qualifying Income is extended to include the amount of Qualifying Income derived from the ownership or exploitation of Qualifying Intellectual Property calculated based on the methodology of the OECD's modified nexus approach, which is prescri
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UAE: Federal Tax Authority to allow clarification requests for Corporate T
Updated : 2 years, 7 months ago IST
In a press statement issued today, the Authority explained that the service could be accessed by filling and submitting a clarification request through the EmaraTax platform, along with the required supporting documents and paying the designated service fees.
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UAE: MoF announces schedule of administrative penalties for corporate tax
Updated : 2 years, 8 months ago IST
The Corporate Tax Law Penalties have been carefully designed and benchmarked to ensure successful implementation and compliance of the Corporate Tax Law without burdening UAE businesses that comply with the new regulations.
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UAE Ministry of Finance launches Digital Public Consultation
Updated : 2 years, 8 months ago IST
The Ministry of Finance (MoF) today announced the launch of a digital public consultation on its website as part of the UAE Corporate Tax’s Free Zone regulations
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Federal Tax Authority launches Corporate Tax public awareness campaign acr
Updated : 2 years, 8 months ago IST
The Federal Tax Authority (FTA) has announced the launch of a public awareness campaign to help taxpayers understand and meet their obligations under the Corporate Tax Law. This is part of FTA's efforts to ensure a smooth implementation of Federal Decree-Law No 47 of 2022 on the Taxation of
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Federal Tax Authority launches 'Corporate Tax Registration Virtual Worksho
Updated : 2 years, 9 months ago IST
The new feature forms part of the steps the FTA has taken to ensure a smooth implementation of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses ("Corporate Tax Law"), which applies to financial years beginning on or after 1 June 2023, and aims to strengthen th
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MoF issues Corporate Tax Decisions on Intra-Group Transfers, Determination
Updated : 2 years, 10 months ago IST
Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, said, "The new decisions aim to simplify the process of determining taxable income in addition to providing tax relief for intra-group transfer of assets or liabilities between members of the same qualifying group or when carr
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Dubai Chambers introduces EU Diplomatic Missions to UAE Corporate Tax Law
Updated : 2 years, 10 months ago IST
The UAE has introduced Federal Corporate Tax on business profits to keep pace with the requirements of a globally competitive market economy. The Corporate Tax regime will be effective for financial years starting on or after 1 June 2023 and will levy a standard rate of 9 per cent, with a 0
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Public benefit entities exempt from corporate tax law: UAE Ministry of Fin
Updated : 2 years, 11 months ago IST
The exemption is designed to reflect the significant role played by public benefit entities, which often include organisations with a focus on areas of religion, charity, science, education and culture.
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