Corporate and Commercial
Updated October 2026: the Ministry of Finance has extended Small Business Relief to tax periods ending on or before 31 December 2029 (Ministerial Decision No. 131 of 2026). Confused about UAE’s Corporate Tax for your small business? Don’t worry! This guide explains the Small Business Relief program offering tax exemption and simplified compliance What […]
Ajay Denny · 3 Apr 2024 · 3 minRead →
Tax
UAE Corporate Tax FAQs: What are the deductible expenses, who can claim the deduction, how to claim the deduction, which expenses are non-deductible, what is a QPBE? Which expenses can be deducted for deriving the Taxable Income for the purpose of UAE Corporate Tax? Generally, all business-related expenses can be deducted during the relevant tax […]
Ajay Denny · 13 Mar 2024 · 4 minRead →
Corporate and Commercial
As per the UAE Corporate Tax Law, all businesses registered under Corporate Tax must submit their annual tax return within nine months from the end of its financial year. Consequently, for companies and individuals with a financial year ending on December 31, 2024, the deadline to file their Corporate Tax return is September 30, 2025. […]
Ajay Denny & Ananya Benny · 4 Mar 2024 · 10 minRead →
Corporate and Commercial
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 […]
Ajay Denny · 4 Mar 2024 · 13 minRead →
Corporate and Commercial
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. […]
Ajay Denny · 16 Feb 2024 · 6 minRead →