Taxation of Investment funds under the UAE corporate tax law – Introduction Investment, external or internal, is an integral part of growth of the economy of every country . The higher the magnitude of investment in a country, the higher is the pace of economic activities and growth in a country. In order to make … Read more
Exemption from UAE Corporate Tax to Charities and Public Benefit Organisations Introduction Generally, charities and public benefit organisations play a vital role in social causes in every country. The reason is that the Government of every country undertakes several activities to benefit the people. Charities and public benefit organisations that work towards the welfare of … Read more
Natural resources, covers resources like oil, natural gas, water and deposits of sand and rocks. Under the UAE Constitution, the right to extract such natural resources is with the particular Emirate, where the resource is found. In view of this, Corporate Tax on Natural resources in UAE will not be applicable on the following income … Read more
Who all are covered under the above provisions ? The following person shall be covered under the category of Government and Government owned entities UAE Corporate Tax, and will accordingly be exempt from UAE corporate tax : – The Federal Government The Emirate Governments Departments, authorities and other public institutions of The Federal Government Departments, … Read more
Chapter 3 relating to Exempt Persons who are not taxable under UAE Corporate Tax Law An exempt person is a person who is not liable to pay Corporate Tax under the UAE Corporate Tax Law. This can be because of automatic exemption or by exemption through an application by the Taxable Person. The provision details … Read more
Taxation of UAE companies depend on whether they are domestic companies or foreign companies. Besides companies, it also covers certain other form of legal person. Let us look at these in detail Which all Legal persons are covered under UAE Corporate Tax ? UAE CT will apply to the following categories of legal person : … Read more
UAE Corporate Tax Course Outline The UAE Corporate Tax Course by Sorting Tax is the first-ever Course on UAE Corporate Tax. The Corporate tax is proposed to be introduced from FY commencing on or after June 1, 2023. The UAE MoF announced the introduction of Corporate tax in the UAE for FY commencing on or … Read more