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If you’re running a business in Dubai or even thinking about starting one? Then you’ve probably heard about VAT and Corporate tax. Both are important once it comes to staying legal and avoiding surprises from the tax authorities. But here’s the thing: they are completely different in how they work and who pays them. In…
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So, here’s the deal. If you own a business in the UAE, or you’re planning to start one soon, there’s some really good news floating around. The UAE government, through the Federal Tax Authority (FTA), recently announced a waiver on the AED 10,000 corporate tax penalty. Yep, you heard that right ten thousand dirhams off…
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When the government released Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses on December 9, 2022, it gave businesses more information about how the different tax rules work. The UAE corporate tax law is the legal basis for the Federal Corporate Tax, which will go into effect on or after…
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