Don’t miss the December 31 deadline for your first Corporate Tax Return. Ensure compliance with UAE tax laws and avoid penalties. Learn how we can assist. As part of…
Streamline Your Compliance: Form a Tax under the UAE Corporate Tax Law
As part of the recent updates under the UAE Corporate Tax Law, businesses may now form a tax group for corporate tax purposes, as outlined in Article 40 of the…
Why Illegal Activity Expenses Are Not Deductible for Corporate Taxes?
When it comes to managing business finances, understanding what constitutes a deductible expense is crucial. One area that often raises questions concerns the expenses related to illegal activities. It’s essential…
Are UAE Golden Visa Expenses Deductible Under Corporate Tax Law?
Navigating corporate tax complexities can be challenging, especially when significant investments like the UAE Golden Visa are involved. Here’s what businesses need to know about the deductibility of these expenses: …
Important Reminder for Trade License Holders: CT Registration Deadlines
If your trade license or certificate of incorporation was issued in August or September, please be aware that the Corporate Tax (CT) registration deadline is October 31, 2024. Additionally, for…
UAE Corporate Tax: Claiming Deductions for Pre-Incorporation Expenses
Before a business is officially incorporated, there are certain expenditures incurred that are typically associated with the process of setting up a Business such as feasibility studies, registration fees, legal…
A Comprehensive Overview of Participation Exemption in UAE Corporate Taxation
To thoroughly understand the concept of participation exemption under UAE corporate tax regulations, it is essential to refer to the following key resources:- Ministerial Decision No. 116 of 2023: This…
Navigating Employment and Entertainment Expenses Under UAE Corporate Tax Law
The UAE Corporate Tax (“CT”) law outlines provisions for the deductibility of certain expenditures, specifying the degree to which they can be deducted from businesses’ taxable income. According to Article…
Unlocking UAE Corporate Tax: Expert Guide to Taxable Income & Participation Exemption
Spectrum Auditing conducted an exclusive webinar on “UAE Corporate Tax: Taxable Income and Participation Exemption” on Friday, 2 August 2024 from 3 pm to 4.30 pm. Dive deep into…
Understanding Free Zone Corporate Tax Rules
(FTA Guide released as on 20.05.2024) Introduction and Free Zone Tax Rules Free Zones are integral part of the UAE economy, fostering economic growth and transformation both in the UAE…
Non-Resident Persons – UAE Tax Regulations
Non-resident persons in the UAE may encounter several issues when it comes to compliance with corporate tax (CT) and transfer pricing (TP) regulations. Here are some typical challenges they may…
Demystifying the Corporate Tax Return: What You Need to Know
What is Corporate Tax Return? Corporate tax returns provide comprehensive information of an entity’s income, expenses, and other financial activities. Revenue earned by the entity reduced by the deductible expenses…
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