Decoding UAE Corporate Tax for Free Zone Businesses: 0% Rate Insights The UAE’s corporate tax public consultation for free zones (PCD) has offered valuable insights into the upcoming tax framework for these thriving hubs. However, a closer look at how financial and tax experts interpret these rules reveals a concerning gap in understanding, potentially leading […]
UAE Corporate Tax Clarified: How it Impacts Personal Income and Investments? The UAE’s Ministry of Finance recently clarified that the new 9% corporate tax introduced in the country will not apply to personal income and investments. This announcement has brought some relief to individuals and small business owners who were concerned about the impact of […]
UAE Corporate Tax Law: Switching Free Zone Entity Status for Small Business Relief As a consulting firm in the UAE, we are well-versed in the recent changes to the country’s corporate tax laws. One issue that many of our clients have been asking us about is whether a qualifying free zone entity can switch their […]
UAE Implements New Tax Residency Rules 2023 The Ministry of Finance made a decision yesterday that affects people living in the Emirates. Basically, if you live in the UAE for a long period of time, then your ‘usual place of residence’ will be considered here in UAE for tax purposes. This decision is really important […]
UAE Set to Step into the Mainstream: Corporate Income Tax Starts in June 2023 The United Arab Emirates to introduce a Federal Corporate Income Tax (CIT) on business profits for the first time, the Ministry of Finance (MoF) announced on 31 January 2022. It is expected that the CIT regime will be applicable for fiscal […]