The introduction of corporate tax has been a strategic imperative in the economic history of UAE. Although, the free zone persons have the advantage of paying zero percent corporate tax on the income incurred from qualifying activities. It is nevertheless mandatory for them to meet all the conditions to benefit from it and filing their …
In a move to empower small businesses, UAE launched the Small Business Relief as a note-worthy provision under its new corporate tax regime. Having been designed to simplify the implementation of the corporate tax framework for small businesses, it empowers every tax consultant in UAE in alleviating the burden of calculating and paying corporate tax, …
Simplified Return For The Business Opting Small Business Relief Under Corporate Tax Law Read More »
Within UAE’s newly launched corporate tax framework, all taxable persons are expected to prepare and maintain their financial statements to ensure compliance with the country’s strict laws. Besides this, maintenance of all the essential documents is instrumental in helping ascertain the right taxable income and also comes in handy during the process of corporate tax …
Documents Requirements For Accounting in the UAE For Corporate Tax Registration Read More »
Emerging as a robust tactic, AML registration in UAE has significantly helped in building an effective anti-money laundering and counter-terrorist financing regime. When managing a high-risk country relationship in the UAE, due diligence is imperative in verifying the authenticity and legitimacy of potential customers. Along with this, it also requires cross-checking the details provided by …
Financial Statement Audit Report for Corporate Tax in the UAE Read More »
Emerging as a robust tactic, AML registration in UAE has significantly helped in building an effective anti-money laundering and counter-terrorist financing regime. When managing a high-risk country relationship in the UAE, due diligence is imperative in verifying the authenticity and legitimacy of potential customers. Along with this, it also requires cross-checking the details provided by …
AML Due Diligence: Best Practices for Managing High-Risk Country Clients in the UAE Read More »
In UAE’s growing economic landscape, regulatory obligations such as Auditing for Mainland Company in UAE (Limited Liability Companies) and all the businesses operating in UAE free zones. Playing a significant role in verifying financial records, assessing internal control, and ensuring adherence to local regulations, annual audits are a must-do for all businesses in the UAE. …
Small Business Relief will be available to UAE Resident Persons whose profit doesn’t exceed AED 3,000,000 for the applicable tax Period and all former tax Ages. Small Business Relief won’t be available to Qualifying Free Zone Persons. still, there are two crucial exceptions to this criterion Where the business is a member of a transnational …
Is your UAE Company Eligible for Small Business Relief Under UAE Corporate Tax? Read More »
Beyond the world’s most advanced infrastructure and strategically placed location, the attractiveness of the United Arab Emirates as a business environment continues to grow. A new layer of attraction, especially for start-ups and SMEs, has been created with the recent introduction of a corporate tax system. The 0% corporate tax rate on a portion of …
Tax Advantages in the UAE: Does Your Business Qualify for the 0% Rate? Read More »
The UAE for almost over a decade has positioned itself as the most ideal location for international entrepreneurs and investors alike to augment their new business ventures, backed by zero taxes and reduced compliances. However, the business landscape has drastically changed, ever since the advent of corporate tax in 2023. In fact, to effectively manage …
It’s an understatement to say that the UAE has emerged as one of the fastest-growing economic powerhouses, from its state-of-the-art infrastructure to its ever-growing real estate sector. At the same time, with increased economic prosperity comes a heightened risk of money-laundering activities. In response, the UAE government has introduced Decree-Law No. 20 of 2018, which …
Anti-Money Laundering (AML) Law Simplified for Real Estate Companies in the UAE Read More »
