Abu Dhabi: The UAE Ministry of Finance has announced updates in relation to certain provisions of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax). These amendments include: Introduction of a Domestic Minimum Top-up Tax (DMTT) Following the issuance of Federal Decree Law No. 60 of 2023, a Domestic […]
ABU DHABI: The Federal Tax Authority (FTA) has urged Resident Juridical Persons with Licenses issued in October and November, irrespective of the year of issuance, to promptly submit their Corporate Tax registration application no later than November 30, 2024. In a press statement issued today, the FTA advised Taxable Persons to adhere to the timelines […]
ABU DHABI: The Federal Tax Authority (FTA) has extended the deadline for filing Corporate Tax Returns and settling taxes to 31st December 2024. This applies to short Tax Periods ending on or before 29th February 2024.The FTA’s Decision No. 7 of 2024 aims to support businesses facing shorter tax periods, especially new businesses. Khaled Ali […]
The Federal Tax Authority (FTA) reminded companies and persons in the UAE that have licenses issued in March or April to apply for Corporate Tax registration by June 30, 2024. Abu Dhabi: The UAE’s Federal Tax Authority (FTA) announced when different businesses and individuals need to apply for Corporate Tax registration. This includes both companies […]
Dubai: The UAE Corporate Tax (CT) regime was first announced by the Ministry of Finance on 31 January 2022, with a planned introduction date of 1 June 2023. As the first direct tax to be levied in the country, businesses and taxable individuals have had to assess how they have been impacted and address these […]
UAE: As per the announcement on 31 January 2022, a corporate tax is being introduced in UAE, effective from 1 June 2023. There have been lots of discussions, and debates around the expectations from the tax laws, and from the taxpayers. Although the final law is still not published, the Ministry of Finance released a […]
Dubai: UAE’s new tax regime will be a gamechanger in helping minimise compliance burden for UAE businesses and boost their aspirations to expand here, a leading Dubai business setup services provider has predicted. In a landmark move, the UAE this week announced its decision to levy a nine percent tax on corporate profits from June […]
