UAE Corporate Tax News – Rules, Rates & Business Impacts

UAE CORPORATE TAX

UAE CORPORATE TAX

UAE corporate tax: File returns on time or face fines

Authority warns of fines for late tax returns; deadline is 9 months after tax period

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FTA urges UAE businesses to file corporate tax returns on time

New UAE clarification on free zone corporate tax rules

MoF expands scope of qualifying trades and names recognised pricing agencies

UAE clarifies free zone corporate tax rules with new decisions

UAE businesses hit with auditor fee hike on tax returns

Auditor fees rise 10%-20% as UAE companies try to sort out tax returns at last minute

The last minute rush by many UAE companies to prepare their 2024 tax returns is costing them dearly.

UAE firms must keep tax records to avoid fines: FTA

UAE firms must file corporate tax returns in 9 months, keep records for 7 years: FTA

UAE businesses must keep tax records, file returns on time to avoid penalties, warns FTA

UAE Corporate Tax deadline: File returns or face fines

Businesses whose financial year ended on Dec 31, 2024, must file tax returns by Sept 30

This nine-month timeframe from the end of the tax period is a fundamental legal obligation.

What counts as qualifying income in free zones?

A closer look at the 0% corporate tax benefit and how to maintain QFZP status

Free zones in the UAE offer incentives such as full foreign ownership, simplified licensing procedures, state-of-the-art infrastructure, and access to vibrant business ecosystems.

Why are UAEs new tax auditor hires getting lower pay?

Entry- and even mid-level tax auditor roles see biggest erosion in salary offers

Yes, UAE companies have been filling up their tax auditor positions. But there is so much of supply of aspirants that even high demand cannot meet.

Impacted UAE businesses rush to meet July tax deadline

To date, nearly 34,000 UAE companies benefit from waiver of late registration fine

UAE businesses that failed to register for corporate tax on time have 2 more days to actually file their 2024 tax returns.

UAE companies get tax break on properties in new rule

Move aims to create tax fairness between firms using fair value, historical cost methods

As of July 16, the number of registered entities for Corporate Tax has reached 576,000, up from 538,000 in April.

UAE's FTA urges firms to register for tax waiver faster

Late registration penalty of Dh10,000 can be waived if rules are followed within 7 months

As of July 16, the number of registered entities for Corporate Tax has reached 576,000, up from 538,000 in April.

UAE free zones: Why transfer pricing paperwork is key

Rationale behind transfer pricing rules is to prevent profit shifting

Transfer pricing refers to the pricing of transactions between entities that are under common control or ownership.

How logistics services qualify in a free trade zone

Benefit applies even when goods are sold to non-free zone persons, with conditions

According to the UAE Federal Tax Authority (FTA), QFZPs can benefit from the 0% corporate tax rate when selling services or goods to non-free zone persons, as long as they derive qualifying income from qualifying activities

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