Month: May 2024

Being a successful business owner operating a profitable business in Dubai demands careful planning of tax. Dubai is one of the most commercial cities in the world with the highest growth rate, offering both entrepreneurs and businesses with many opportunities. To maximize your earnings and keep on top of tax compliance, it's essential to be aware of the complex tax laws. You can reduce your tax burden through simple measures like with tax incentives as well as optimizing the structure of your business operations. This article will discuss the tax planning strategies for firms in Dubai and the role of…

The UAE Corporate Tax Law (CT Law) introduces an income tax for corporations that is a federal system to the UAE. The law is applicable to all businesses operating within the UAE but with some exceptions. This blog article will deliver an overview of the main administrative and tax compliance obligations in the CT Law.  Key Tax Compliances Under the UAE Corporate Tax Law  The UAE CT Law outlines a variety of tax compliance obligations for tax-paying entities, such as:  Tax Registration: Each tax-paying organizations must sign up with CT through the Federal Tax Authority (FTA) within 30 days after…

The 0% Corporate Tax section is applicable to Free Zone people who derive their income from transactions made with the other Free Zone or non-Free Zone individuals, provided that the source of income is not in the list of 'excluded activities which is provided from the UAE Governing Authority. Anyone who is paying no corporate tax can claim qualified income for the same which is known as the qualified income person (QIP). The QIPs must satisfy certain requirements to be eligible to bypass the UAE corporate tax requirement. The first step is corporate tax registration, a complete guide is provided…