As per federal Tax Authority Decision No. 7 of 2023 Issued 7 April 2023 (Effective from 1 June 2023) The Corporate Tax Registration Timeline will be as follows for…
UAE Corporate Tax Deregistration Timeline
For the purposes of Federal Decree-Law No. 47 of 2022, the person can make an application for de-registration by following the timelines provided by the authority. As per Decision…
UAE Corporate Tax – Conditions for Change in Tax Period
Conditions for Change in Tax Period for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. For the purposes of Article 58…
UAE Corporate Tax – Exemption for Qualifying Public Benefit Entities
The Ministry of Finance has announced a new UAE Cabinet decision relating to ‘qualifying public benefit entities’, whereby Public benefit entities are exempted from the corporate tax. It’s noteworthy…
UAE Ministerial Circular on Corporate Tax Registration – Exemption
The UAE Ministry of Finance has issued a Ministerial decision No. 43 of 2023 Concerning Exception from Tax Registration for the Purpose of Federal Decree–Law No. 47 of 2022 on…
UAE Corporate Tax Small Business Relief
As mentioned under the “Article 21 – Small Business Relief” of the Federal Decree-Law No. 47 of 2022 Taxation of Corporations and Businesses (the “Corporate Tax Law”), the Ministry has…
RAK Digital Assets Oasis
Dubai introduced Virtual Assets and Related Activities (VARA) and now Ras Al Khaimah has come with RAK Digital Assets Oasis (RAKDAO) to help make it a mark in the world…
Electronic Commerce Supplies by Qualifying Registrants
From 1 July 2023, Qualifying Registrants are required to report supplies made through e-commerce in box 1 of the VAT Return based on the Emirate in which the supplies of…
Record Keeping Conditions for Electronic Commerce Supplies Made in UAE
The UAE Ministry of Finance today issued a Ministerial Decision on the criteria and conditions for electronic commerce for record keeping of the supplies made, introducing for some taxable persons…
Virtual Assets and Related Activities Regulations 2023
Dubai Government has released a new law on Virtual Assets and Related Activities (VARA). The Regulations set out a comprehensive Virtual Asset (VA) Framework built on principles of economic sustainability…
7 Reasons to Incorporate in Dubai: A blog on why it’s a great idea to start your company in Dubai as a business hub.
7 Reasons to Incorporate in Dubai: A blog on why it’s a great idea to start your company in Dubai as a business hub. One of the world’s most hospitable…
Why do you need to hire professional accountants or advisers when it comes to VAT registration in UAE?
Why do you need to hire professional accountants or advisers when it comes to VAT registration in UAE? Effective tax management is essential for any business. When a company falls…