A Guide to the General Definitions under the UAE Corporate Tax Law
Corporate Tax is comparatively a new tax introduced in UAE. It is a form of direct tax applied on the net income or profit of a certain business. This tax was designed to incorporate best practices globally and to lessen the compliance burden on business in UAE. Since then, corporate tax consultants are working hard to understand this law and implement on their partner’s businesses. According to corporate tax advisors, this tax will help businesses in many ways, and will prove to be beneficial for the country as well. Since it is a new tax by FTA, it comes along…