How to calculate the tax payable? | 9% UAE CT| Public Consultation Document

Here we will discuss how you can calculate your tax liability or the amount of tax payable to the authorities. The UAE UAE CT (corporate tax) regime as explained in the consultation document, released by the MOF has made attempt to make the calculation as simple as possible. The corporate tax payable calculation and reporting […]

All you need to know about Tax Groups | 9% UAE CT| Public Consultation Document

Here we will discuss the concept of tax groups in the UAE CT (corporate tax) regime as explained in the consultation document, released by the MOF. The concept of tax group is essential for companies with multiple licenses in the UAE. Many companies operate as a group of companies as a single unit, having the […]

Exempt Income | 9% UAE corporation tax | UAE Public Consultation Document

We have discussed the basis of the taxable income calculation earlier, now we can get into what income can be exempt from this calculation on the basis of the consultation document released by the MOF. It is important to understand the exempt income for corporate taxation to correctly reduce the tax liability. Bottom Line Since […]

Residents & Non-Residents Corporate Tax | UAE Public Consultation Document

Residents-NonResidents-Corporate-Tax

The corporate tax public consultation document provides details on the basis of the taxation. 9% corporation taxation is something we expect to come into effect mid of 2023. We will discuss resident and non-resident persons, we will also understand concepts relating to the permanent establishment and what UAE sourced income is. It is important to […]

Free zone Corporate Tax | UAE Public Consultation Document

Freezone corporate TAX

Corporate tax impact on Freezone companies will need a lot of discussions. There are many Free zone entities in the UAE as stand-alone companies and as part of group companies. It is very relevant to how their transactions impact their tax liability. Freezones jurisdictions have always advertised that companies in the Freezones will not be […]

Taxable Persons under Corporate Taxation | UAE Public Consultation Document

Taxable Person

The Public consultation document discusses who are the proposed taxable persons for the new 9% Corporate Taxation in the UAE. Understand who is a taxable person and who is exempt from taxation is essential to understand if you need to meet the compliance requirements for corporate taxation and pay 9% on the taxable income. Bottom […]

Insights on Public Consultation Document UAE 9% Corporate Tax

9% corporate tax

The corporate taxation public consultation document has been released by the Ministry of Finance. This document will have details that will show us what direction the Corporate Tax regulations are headed. This can be used to prepare ourselves for the upcoming Corporate Tax Regulations. After VAT  this is the next tax that is being implemented […]