Aug 18, 2023
On December 9, 2022, the UAE Ministry of Finance (MoF) issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, commonly referred to as the Corporate Tax Law. This new law introduces a corporate tax regime in the UAE, and it's essential to stay informed about...
Aug 01, 2023
To successfully grow your business in the UAE, it is essential to prepare for the upcoming corporate tax, or risk facing consequences. The UAE has been working towards becoming a global business hub by aligning its taxation practices with international standards. In December 2022, the Federal Law No. 47 of 2022...
Jul 15, 2023
In 2023, the Tax Residency Certificate (TRC) continues to be a significant document for individuals and companies in the United Arab Emirates (UAE) seeking to establish their tax residency status. The TRC serves as proof of tax residency in the UAE and is essential for availing tax benefits and exemptions,...
Jul 01, 2023
Dubai has experienced remarkable growth and is known for its business-friendly environment, making it a preferred destination for entrepreneurs and investors. To succeed in this market, it is crucial to understand the legal and regulatory requirements for setting up and operating a business in the UAE. Expert consultants specializing in company...
Jun 15, 2023
The UAE is experiencing rapid business growth, with the real estate sector playing a crucial role in its economy. However, due to the large sums of money involved, there is a high risk of money laundering and terrorism financing. To combat these issues, officials must monitor and regulate the industry...
Mar 15, 2023
Being proactive and well-prepared for corporate tax payments in the UAE can help businesses avoid last-minute financial challenges. This involves anticipating tax liabilities, setting aside funds, and creating a payment plan. By having a clear and comprehensive approach, businesses can reduce stress, uncertainty, and ensure financial stability for growth. It is essential...
Feb 15, 2023
Welcome to the UAE's Tax Procedure Law for Value Added Tax (VAT) in 2023! This comprehensive law outlines the rules and procedures for businesses and individuals to follow when it comes to VAT compliance, registration, reporting, audits, and dispute resolution. It also covers penalties for non-compliance and procedures for appeals and...
Nov 30, 2022
On January 31st, 2022, the Finance Ministry of the United Arab Emirates announced its plan to implement a federal corporate tax law in the country for the first time. The CT Law will be introduced with its executive regulations, and corporate tax will be governed by these laws once they...
Oct 15, 2022
The United Arab Emirates has emerged as a preferred global business hub owing to its attractive tax system. However, with the increase in international business transactions, taxation issues have become more complex. To alleviate these concerns, the UAE has signed Double Taxation Agreements with several countries, exempting many businesses from...
Aug 30, 2022
Navigating the intricate tax regulations in Dubai can be a challenging task for businesses, especially those unfamiliar with the country's tax laws. To ensure compliance with all applicable tax laws and regulations, it is vital to partner with a reliable tax consultancy firm. However, with numerous options available, finding the right...