Corporate Tax (CT), value added tax (VAT),
The Federal Tax Authority (FTA) have announced deadlines for completing the Corporate Tax Registration for Taxable persons in UAE. The Decision comes into effect from March 1, 2024. Background The FTA has issued new a decision that specifies the timeframes for applying for the Corporate Tax (CT) Registration. The CT regime, which came into effect...
Members in a Tax group do not have to file separate Tax returns; the Parent entity can file a single tax retun on behalf of them all. The income and losses derived from individual entities are set off against each other. The UAE Corporate Tax Law considers two or more Juridical taxable persons as a...
The UAE is introducing its Corporate Tax this year, and it’s crucial for partnership firms and family trusts to understand how it impacts them. Here’s a simplified breakdown. What is a Partnership Firm A partnership is a legal arrangement where two or more persons agree to manage, operate and share the profits of a business....
