Corporate Tax in UAE The authorities in UAE have announced the introduction of corporate tax from 1st June,23. Corporate tax is a form of direct tax levied on the net income or profit of corporations and other business entities. The objective of Corporate Tax in the UAE By introducing the Corporate Tax, the UAE’s main objectives are: […]

What is Corporate Tax in UAE? Corporate tax in UAE also referred to as “Corporate Income Tax” or “Business Profits Tax” is a form of direct tax levied on the net income or profits of corporations and other entities derived from their business. Except for the extraction of natural resources, which will continue to be […]

The United Arab Emirates (UAE) has reasserted that the country is evolving as a leading global hub for business and investment. In pursuit of this, the country is embarking on a mission to make transformative changes that will cement its place as the world’s most sought after investment market. The UAE is focused on creating […]

Companies and financial institutions operating in the UAE should be aware of anti-money laundering. Money laundering and terror financing can result in companies facing strict legal action under the relevant UAE law. Illegal money movements usually happen through phishing, online account takeovers, malicious malware, or other mediums which benefit the unlawful economy and shatter the […]

UAE is known as the Gateway to the Middle East region and the Arab world for businesses worldwide. Due to the favorable geographic location and the stable governance offered by the UAE, many companies look forward to establishing and growing industries in the Country. Many UAE city-states such as Dubai and Abu Dhabi are metropolitan […]

The time has come to relook into your inward policy and cycle followed for input VAT recovery. The public explanation delivered by the Federal Tax Authority changes the recognition towards the Input VAT recovery taxpayers have accepted in the course of recent years. Qualification for Input Recovery As per Article 55 of VAT Law, Input […]

The whole fiasco of the Covid-19 pandemic is out of the control of Governments, International organisations and companies worldwide. The pandemic has caused severe health and economic crisis, pushing millions of people back into poverty. The after-effects of the pandemic are unclear, and the future is bleak for many people worldwide. It takes significant time […]

Businesses around the world favour those jurisdictions which provide a conducive ecosystem to sustain and achieve business growth. Welcoming foreign companies to invest and grow is mutually beneficial to both companies and countries. A fair and transparent business ecosystem with adherence to various global standards is one of the major factors in gaining the companies’ […]

Businesses around the world require a standardized system to make and record day-to-day transactions. The transaction records play a crucial role while dealing with third-party transactions, various government bodies, accounting and audit departments. In addition, the records are used to analyze the company performance and taxes. Tax invoice is one such record issued to the […]

Economic Substance Regulations or ESR is one of the latest addition to the roster of regulations that the companies in the United Arab Emirates need to follow. According to the regulations, the 30th of June was the last deadline if the financial year ending for your company is the 31st of December. It does not […]