Corporate Tax in the UAE
Corporate tax in the UAE was introduced relatively recently, in 2022. This innovation was a response to current international trends in corporate taxation. At the same time, there arose a […]
Tag: corporate tax
UAE Tax Residency Certificate: What Has Changed
In October 2024, the Federal Tax Authority of the United Arab Emirates published a Guide on determining tax residency of legal entities and individuals and issuing a tax residency certificate
UAE to Discontinue Economic Substance Requirements
The economic substance requirements for companies in the United Arab Emirates will no longer apply to financial periods starting from 1 January 2023. Economic substance in the UAE The “economic
Hong Kong Companies in International Tax Planning
Hong Kong companies are among the most sought-after tools in international tax planning. They are actively used in international trade and other types of activities. Thanks to its developed legislation
Zero Tax for UAE Free Zone Companies: The Updated Guide
The corporate tax applies to both UAE mainland and free zone companies. However, free zone companies can enjoy a zero rate. For this purpose, the company must be a “qualifying
The UAE Shifted the Deadlines of Registration for Corporate Tax
The Federal Tax Service of the United Arab Emirates has informed of new registration deadlines for corporate income tax purposes. The relevant Decision No. 3 of 22 February 2024 has
Discover the Top 7 Countries with Zero Income Tax: A Comprehensive Guide
Introduction: The Allure of Zero Income Tax Countries It is no secret that tax burden is one of the key factors when structuring an international business. This accounts for the
UAE introduced corporate tax: Will the exemption for free zone companies continue?
From 1 June 2023, the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses has been enacted in the United Arab Emirates. The Law introduces corporate
All You Need to Know About Offshore Companies and How to Set One Up
What is an offshore jurisdiction? An “offshore jurisdiction” is usually called a foreign state or territory with low taxes or full tax exemption for business entities. Companies incorporated there also
UAE to introduce a corporate profit tax
The Ministry of Finance of the United Arab Emirates has announced the introduction of a new federal tax on corporations’ business profits. Until recently, this tax has been applied only