What are qualifying activities for UAE corporate tax?
The Federal Tax Authority (FTA) has introduced a Corporate Tax (CT) Guide focused on Free Zone (FZ) Persons, a key component of the new UAE corporate tax framework. This guide clarifies the qualifying activities that benefit from a 0% corporate tax rate and the conditions under which businesses operating in Free Zones can retain their […]
Accepted Transfer Pricing Methods in the UAE: Guidelines from FTA
The UAE’s Corporate Tax Law, in alignment with OECD guidelines, recognizes five primary accepted Transfer Pricing methods. These methods ensure that transactions between related parties comply with the arm’s length principle. The Federal Tax Authority (FTA) has outlined these methodologies to provide clarity on how businesses should approach transfer pricing. Overview of Transfer Pricing Methods […]
Why Does Your Business Need a Financial Health Checkup?
Just like regular medical checkups help detect health issues early, a financial health checkup ensures the stability and resilience of your business. It allows businesses to stay prepared for potential financial challenges and seize new opportunities. Conducting periodic financial assessments helps companies gain deeper insights into their financial standing and make informed strategic decisions. What […]
How to Amend Taxable Person Details on the Emaratax Portal under CT
The UAE is renowned for its business-friendly environment, world-class infrastructure, and tax regulations that attract entrepreneurs globally. Businesses operating in the UAE may need to update their taxable person details on the Emaratax portal due to changes in their structure or other key aspects. The Federal Tax Authority (FTA) has outlined clear guidelines to assist […]
How to Select Appropriate Transfer Pricing Methods?
Transfer pricing plays a vital role in ensuring fair and transparent pricing of transactions between related entities. In the UAE, corporate tax laws emphasize the importance of transfer pricing compliance, especially with the rise in cross-border transactions and globalization. Selecting an appropriate transfer pricing method is essential to comply with the arm’s length principle and […]
Corporate Tax for the Distribution of Medical Supplies in UAE
The United Arab Emirates (UAE) has experienced substantial growth in the healthcare industry, fueled by increasing demand for medical supplies, pharmaceuticals, and advanced healthcare technologies. This expansion has led to the establishment of numerous businesses engaged in the import, export, wholesale, and retail distribution of medical supplies. With the introduction of corporate tax in the […]
Mandatory Financial Audits for Abu Dhabi Free Zone
Financial audits are a crucial requirement for businesses operating in Abu Dhabi’s Free Zones. These audits ensure transparency, regulatory compliance, and financial accountability. Entrepreneurs looking to establish a business in a Free Zone often have questions about whether financial audits are mandatory, whether they need to submit books of accounts annually, and what penalties they […]
How Can an Accounting Firm Help Your Business in UAE?
Running a business in UAE requires careful financial planning, compliance with regulations, and strategic growth management. An accounting firm plays a vital role in ensuring that businesses operate efficiently, remain compliant with tax laws, and optimize their financial performance. Here’s a detailed look at how can an accounting firm help your business succeed in UAE. […]
Common Audit Challenges in UAE Businesses & How to Overcome Them
Auditing plays a crucial role in ensuring compliance with corporate tax laws, VAT regulations, and financial reporting standards in the UAE. However, businesses often face significant challenges during audits, including regulatory complexities, documentation issues, and tax compliance errors. Failure to address these issues can lead to severe penalties, reputational risks, and operational disruptions. This guide […]
Corporate Tax on UAE Real Estate
The United Arab Emirates (UAE) remains a magnet for global investors and businesses, thanks to its vibrant economy, strategic location, and investor-friendly environment. However, navigating the corporate tax landscape, particularly concerning real estate and immovable property, is essential for foreign companies operating within the UAE. This guide offers a comprehensive overview of corporate tax on […]