Dubai has been one of the world’s premier business centers for entrepreneurs as well as any business house that wants to be a part of tax-free advantages. However, with increasing global tax policies along with new regulations, you might wonder whether Dubai still offers its coveted tax-free business zones and how you can make the […]
UAE has emerged as one of the top most destinations to support global business. The UAE landscape and the business environment has convinced entrepreneurs from different parts of the world to shift their operations to Dubai or Abu Dhabi during the recent years. This shift is the result of the favorable tax environment that UAE […]
The introduction of corporate taxes will result in a significant change in the UAE’s fiscal landscape. UAE had developed as a business-friendly zone, with businesses not subject to any tax regime. Changed circumstances have resulted in the introduction of corporation tax legislation in an effort to adapt to worldwide taxes and diversify revenue streams. As […]
The strategic location, world-class infrastructure, and tax policy of the UAE make it an attractive area for starting a business. On the other hand, new companies have to understand how the tax system works for them to function. This guide addresses some fundamental aspects of the tax environment in the UAE to help new businesses […]
The FTA has recently approved Jaxa Chartered Accountants as a Tax Consultant in Dubai! The Federal Tax Administration, United Arab Emirates, has formally accepted and registered Jaxa Chartered Accountants as a tax agency, and we are happy to announce this. Our tax agency registration number is 300052032. Jaxa and other tax agencies/agents are essential to ensure […]
A new corporate law in UAE that would replace the existing Companies Law and other legal instruments is expected to be effective from 1 June 2023. The draft law is finalized by the Federal National Council’s legislative committee, and the process will continue until it is sent to the cabinet for final approval. Aspects of […]
The process of figuring out the cost of an overseas transaction between two or more related parties is known as “transfer pricing.” The amount charged by the holding company is known as the Transfer Price, for instance, when a subsidiary company sells items or renders services to a sister company or its holding company. In […]
According to the UAE Federal Law on Commercial Companies, businesses must keep their books of accounts for at least five years following the conclusion of each fiscal year. A corporation operating in the UAE that is found to have erroneous books or that does not keep books for the required amount of time is subject […]
UAE is renowned for its business-friendly laws and policies, which have 0% corporate tax for companies operating within the nation. However, this comes to an end by June 1, 2023. This news has been the talk of the town since the Federal Tax Authority (FTA) of the nation announced corporate tax for people who are […]
The Federal Tax Authority (FTA) in UAE had previously announced that an integrated platform named “EmaraTax” would be launched soon. According to the FTA, the new platform is a modern tax administration ecosystem that integrates with other influential government entities, such as the UAE Central Bank, and national technology-based programs, including UAE PASS, to simplify […]
