Taxable and Exempt Person | UAE Corporate Tax
The third snippet on UAE Corporate Tax is on “Taxable and Exempt Person”. To be subject to CT, a person needs to be Taxable Person and conducting business or business activities.
The third snippet on UAE Corporate Tax is on “Taxable and Exempt Person”. To be subject to CT, a person needs to be Taxable Person and conducting business or business activities.
“Tax Loss Relief” and “Tax Loss Transfer” is the second snippet under UAE Corporate Tax
The UAE Federal Decree Law No 47 of 2022 on Taxation of Corporates and Business (Corporate Tax – CT) has been released on 9 Dec 2022. Refer key highlights.
UAE Tax Residency Determination has been updated as per latest UAE Cabinet Decision no 85 of 2022. The decision will be effective from 1st March 2023.
With 9 % Statutory tax rate and exemptions and reliefs, the UAE corporate tax regime should remain one of the most competitive in the region
FTA’s new Voluntary Disclosure User Guide February 2022 updates the earlier Voluntary Disclosure User Guide issued in July 2018.