Understanding Corporate Tax in the UAE: Basics for Startups Overview of the UAE Corporate Tax System The UAE implemented Corporate Tax (CT) for the very first time in the form of Federal Decree-Law No. 47 of 2022, bringing an across-the-board change to its historically tax-free business atmosphere. The law came into force on June 1, 2023, […]
How Abu Dhabi Startups Can Minimize Corporate Tax Liability Legally Read More »
The introduction of federal corporate tax in the UAE, effective June 2023, has reshaped the fiscal landscape for businesses in Abu Dhabi. While the regime maintains competitive rates—0% on taxable income up to AED 375,000 and 9% above this threshold—its alignment with OECD standards and global minimum tax rules introduces complexities. As the UAE modernizes
Top 10 Common Corporate Tax Mistakes In Abu Dhabi Read More »
As Abu Dhabi businesses adjust to the UAE’s new corporate tax framework, understanding the risks of non-compliance is crucial. Errors such as missed deadlines, incorrect filings, or failing to register can result in severe consequences. For example, the Federal Tax Authority (FTA) imposes penalties of 14% per annum on unpaid tax and AED 10,000 or
Corporate Tax Penalties in Abu Dhabi: What You Need to Know Read More »
Corporate tax return filing in Abu Dhabi refers to a procedure where companies submit a detailed report of their earnings and expenditures to the designated tax authority. Understanding the corporate tax filing procedure is crucial for maximizing financial planning and avoiding penalties, regardless of your company’s size. In this blog, we will guide you through
How to File Corporate Tax in Abu Dhabi? Read More »
Whether you’re an organization or financial expert, knowing the intricate details of corporate tax regulations can assist you in making informed choices and avoiding unnecessary penalties. As 2025 approaches, remaining updated and proactive is key. Whether you’re a global business, a free zone entity, or a local company, the corporate tax structure in Abu Dhabi
How to Calculate Corporate Tax in Abu Dhabi? Read More »
Tax residency in the United Arab Emirates is a topic that interests many due to the country’s business-friendly climate and tax benefits. However, understanding the nuances of obtaining tax residency can be complex for both individuals and legal entities. A TRC serves as a legal proof of tax residency, facilitating taxpayers and businesses to claim
Importance of tax residency certificate in UAE? Read More »
Understanding the significance of a Tax Registration Number (TRN) is essential for companies operating in the UAE, especially those registered for VAT. It ensures adherence to UAE tax regulations by acting as an official identifier for tax transactions. This number is vital to the UAE’s taxation system as it is used in tax payments, official
What is Tax Registration Number in UAE? Read More »
As the UAE corporate taxation landscape evolves, knowing which expenses are deductible—and the particular conditions that apply—is essential to efficient tax planning. The difference between deductible and non-deductible expenses can greatly impact your company’s tax obligation. Accurate estimation of deductions of expenditures will result in tax minimization, optimization of financial performance, and compliance. In this
What are deductible expenses and non-deductible expenses in corporate tax? Read More »
To stay competitive and run smoothly, businesses need the right tools. Enterprise Resource Planning (ERP) systems play a key role in helping companies manage their operations effectively. An ERP system is an application that handles some of the most significant aspects of an organization such as accounting, commerce, procurement, human resources, and more. It is
Importance of ERP Software in Business Read More »
The United Arab Emirates (UAE) implemented Value Added Tax (VAT) in 2018, as part of its initiative of diversifying its financial system away from oil dependency. VAT is set at a standard rate of 5% on most goods, products and services, making it one of the lowest rates worldwide. However, some products and services, like
How to claim vat refund in Abu Dhabi? Read More »