UAE CT- TAX GROUPS AND QUALIFYING GROUPS
UAE CORPORATE TAX – QUALIFYING GROUP AND TAX GROUP Large businesses often conduct their operations through a group of companies, which has a parent company and a number of subsidiaries. By forming a corporate tax group in the UAE, businesses can also enjoy benefits such…
HOW TO CALCULATE TAXABLE INCOME-UAE CORPORTAE TAX
On December 9, 2022, Federal Tax Authority (the FTA) issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Business (the CT Law). According to this law, businesses will become subject to UAE Corporate tax from the beginning of their first financial…
UAE CORPORATE TAX UPDATE-Tax Relief to Support Small Businesses
Tax Relief to Support Small Businesses The United Arab Emirates will soon be introducing Corporate Tax, effective for financial years starting on or after 1 June 2023, applicable on the net profit of companies or other businesses in accordance with Federal Law No.47 of 2022…
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