Browsing: Corporate Tax

As part of its continued efforts to enhance transparency and ensure robust financial reporting standards for businesses operating in the United Arab Emirates (UAE) under the Corporate Tax regime, the Ministry of Finance has issued an updated Ministerial Decision clarifying the requirements for the preparation and maintenance of audited financial statements in accordance with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (“Corporate Tax Law”).

The Federal Tax Authority (FTA) is ramping up awareness efforts as the deadline for corporate…

The UAE’s Federal Tax Authority (FTA) has reminded natural persons subject to Corporate Tax to…

Individuals running a one-person business must register for corporate tax by March 31, 2025, as per the Federal Tax Authority’s (FTA) reminder.

Sharjah’s Consultative Council (SCC) has approved the UAE’s first bill regulating corporate tax on natural…

The Federal Tax Authority (FTA) has issued a reminder to Resident Juridical Persons with licences…

The UAE’s decision to increase corporate tax to 15% for multinational companies earning over EUR…

United Arab Emirates will impose a 15 per cent Domestic Minimum Top-up Tax (DMTT) on large multinational corporations starting January, as per the Ministry of Finance announcement. This step aligns with the OECD’s global tax framework, supported by 136 countries, including the UAE, to ensure major corporations pay at least 15 per cent in taxes and reduce tax avoidance.

The UAE has provided further clarity regarding the rules surrounding Corporate Tax payments. The Federal…

Streamlining Compliance and Boosting Efficiency for Corporate Groups The UAE has introduced a pivotal update…