UAE Corporate Tax News – Rules, Rates & Business Impacts

UAE CORPORATE TAX

UAE CORPORATE TAX

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

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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

UAE businesses must prioritise corporate tax efficiency

From taxable income to free zone rules, businesses get clarity on navigating UAE tax

Alia Noor, Associate Partner at Ahmad Alagbari Chartered Accountants

UAE e-invoicing project: What businesses need to know

Switch to e-invoicing is a landmark move - UAE businesses can't afford to lag

E-invoicing is about businesses going paperless in processing transaction details. It's also about ensuring fully transparent compliance with UAE's tax requirements.

UAE corporate tax: 30+ days left to avoid Dh10,000 fine

UAE tax authority sends clear message to businesses on how to avoid Dh10,000 fine

Still not registered for UAE corporate tax? Then those businesses must rush to meet July deadline.

What is the 'Qualifying' rule in UAE free zones?

Businesses need to align supply chains with tax framework to maximise benefits

For distribution income to be considered “qualifying,” the activity must be conducted in or from a designated zone, and any goods entering the UAE must pass through that designated zone.

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