Tax

Preparation of Accounting Records for Corporate Tax in UAE

December 22, 2022 Comments Off on Preparation of Accounting Records for Corporate Tax in UAE

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 […]

Tax

Corporate Tax in UAE – How is it Changing the Business Narrative

December 16, 2022 Comments Off on Corporate Tax in UAE – How is it Changing the Business Narrative

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 […]

Tax

UAE TAX UPDATE: EMARATAX TO GO LIVE ON DECEMBER 05, 2022

November 22, 2022 Comments Off on UAE TAX UPDATE: EMARATAX TO GO LIVE ON DECEMBER 05, 2022

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 […]