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
What is the Dubai Corporate Tax Rate ? UAE Corporate Tax Rate / Dubai Corporate Tax Rate (which is one of the Emirati in the UAE) is the rate of tax payable by companies in the UAE, including those in Dubai. While presently, there is no Corporate Tax payable by UAE companies, from June 1, … Read more
Corporate Tax on UAE Free Zones shall depend on the nature of business activity, carried on by them, and the person, with whom business is carried out income Taxability of Free Zones 0% Tax rate for certain income, but required to register and file Tax return Exempt income Trading with other Free Zones, Income from overseas … Read more
UAE Corporate Tax – Taxation of income of Individuals under UAE Corporate Tax shall depend on the nature of income, i.e, whether it is Business income or Income-Other than business Income Taxability of Individual Exempt from UAE Corporate Tax, except for business income Exempt income Capital gains , Dividends, Employment income, interest and other income … Read more
UAE Corporate Tax Public Consultation Document UAE Corporate Tax, Public Consultation document has been issued by the UAE MoF on the April 28, 2022, and it builds upon the design of the proposed UAE Corporate Tax structure. The last date to submit comments on the same is May 19, 2022 You can download the complete … Read more
Currently, there is no Corporate Tax in the UAE, at the Federal level. However, under the dubai taxation system, Corporate Tax (CT) is levied on oil and gas companies and branches of foreign banks at an Emirate level. Various Free Zones in the UAE have their own rules and regulations , and no corporate tax … Read more
Country UAE Tax Corporate Tax Question – Are the benefits of tax grouping available in UAE? Answer – A UAE group can elect to form a tax group and be treated as a single taxable person, provided certain conditions are met . In such a case, only one single tax return will be required to … Read more
Country UAE Tax Corporate Tax Question – What are the withholding tax rates (WHT) in UAE? Answer – No withholding tax would apply on domestic and cross-border payments of any nature under UAE CT, once its is introduced . Related Questions – What is UAE Corporate Tax Who are covered under Corporate Tax in UAE … Read more
Country UAE Tax Transfer Pricing Question – Are transfer pricing provisions applicable in UAE? Answer – UAE businesses will be required to comply with transfer pricing rules and documentation requirements, with reference to the OECD transfer pricing guidelines. Related Questions – What is UAE Corporate Tax Who are covered under Corporate Tax in UAE From … Read more
Country UAE Tax Corporate Tax Question – Is there any relief from Double Taxation in UAE? Answer – Foreign tax incurred by UAE businesses on income earned outside the UAE will be allowed to be credited against the tax payable under proposed Corporate Tax law. Related Questions – What is UAE Corporate Tax Who are … Read more