UNITED ARAB EMIRATES
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The Ministry of Finance (‘MoF’) has issued Ministerial Decision No. 43 of 2023 on Exception from Corporate Tax registration for the Purpose of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (‘Corporate Tax Law’). Article 51 of the Corporate Tax Law deals with the...
The Ministry of Finance (‘MoF’) has issued Ministerial Decision No. 68 of 2023 on Treatment of all Businesses and Business Activities Conducted by a Government Entity as a Single Taxable Person. This Decision is issued in accordance with Clause 6 of Article 5 of the Federal Decree-Law No. 47 of...
The Ministry of Finance (‘MoF’) has issued Ministerial Decision No. 73 of 2023 on Small Business Relief in accordance with Article 21 of the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (‘Corporate Tax Law’). The relief is available only to UAE Resident...
Pursuant to the announcement made in January 2022 and subsequent apt consultation with UAE businesses at large, the Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses (Corporate Tax Law) has been published today.The Corporate Tax Law will be effective from tax periods...
The Federal Tax Authority (‘FTA’) is set to launch a new user friendly and enhanced platform – “EmaraTax” on Monday, December 5, 2022. EmaraTax will significantly enhance the way that taxpayers can access the FTA’s services, pay their taxes and obtain refunds. The new platform also greatly...
The Ministry of Finance has issued a Public Consultation Document on proposed Corporate Tax in recognition of the importance of consultation with the business community and other interested stakeholders. Interested stakeholders are welcomed to submit their comments and suggestions by 19 May 2022....
The Federal Tax Authority (FTA) aims to enforce and continuously monitor the federal taxes in the UAE. To facilitate this, the FTA has introduced a new mechanism, “Raqeeb Programme (Whistleblower Program for Tax Violations and Evasion)”, to provide a framework for the FTA to review and process...
The Ministry of Finance has announced the introduction of Federal Corporate Tax (CT) in the UAE effective from financial years commencing on or after 1 June 2023.CT will be applicable to all businesses in UAE on tax profits after minimal adjustments to book profits reported in financial...
The Federal Tax Authority (FTA) has published a cabinet decision (Cabinet Decision No. 108 of 2021) that will extend the deadline for the tax amnesty to 31 December 2022.