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January 28, 2025

Taxation

Understanding Exempt Income Under UAE Corporate Tax

Top Exemptions in UAE Corporate Tax: What You Need to Know The UAE’s corporate tax law, implemented in June 2023, imposes a 9% corporate tax

May 12, 2025
Taxation

In the rapidly evolving economic environment of the UAE, start-ups or established businesses are constantly seeking cost-effective accounting solutions to grow and streamline their business. BCL Globiz offers special pricing …..

May 10, 2025
Taxation

Background On 31 January 2022, the Ministry of Finance (MoF) of the United Arab Emirates (UAE) announced the introduction of a Federal Corporate Tax (CT) on business profits. This tax …..

May 8, 2025
Taxation

Under the Corporate Tax Law, a 0% tax rate applies to the qualifying income of a QFZP. This article aims to provide a comprehensive overview of a Qualifying Free Zone …..

May 7, 2025
Taxation

The FTA has announced an initiative for the waiver of penalties for late corporate tax registration. This is largely intended to support the UAE business sector by providing mechanisms that …..

May 5, 2025
Taxation

Overview With its strong infrastructure, strategic location, and business-friendly policies, the United Arab Emirates (UAE) has become a leading global hub for commerce and innovation in the Middle East. Over …..

April 26, 2025
Taxation

Learn how to set up or open a company at RAKEZ. It is strategically important for the business to choose the free zone that suits its needs. Ras Al Khaimah …..

April 20, 2025
Taxation

Understanding Transfer Pricing in the UAE With the introduction of corporate tax regulations in the UAE, multinational enterprises (MNEs) must adhere to transfer pricing rules when setting prices for goods …..

April 20, 2025
Taxation

The UAE Federal Tax Authority (FTA) has recently released detailed guidance on tax grouping regulations under the Corporate Tax Law (CTL), applicable to financial periods starting from June 1, 2023. …..

April 14, 2025
Taxation

The UAE’s introduction of corporate tax has understandably raised questions for small businesses. While the Small Business Relief (SBR) aims to ease the transition, meticulous attention to detail during tax …..

April 7, 2025
Taxation

A Tax Residency Certificate (TRC) is an official document issued by the Federal Tax Authority (FTA) in the UAE, confirming an individual’s or entity’s tax residency status. This certificate is …..

April 7, 2025
Taxation

Overview of CbCR in the UAE The Organization for Economic Co-operation and Development (OECD) has established a standardized three-tier documentation framework, which includes the Master File, Local File, and Country-by-Country …..

April 4, 2025
Taxation

Transfer pricing involves setting prices for transactions between related parties (Article 35) or connected persons (Article 36) based on the arm’s length principle. The OECD’s three-tier documentation framework—Master File, Local …..

March 28, 2025
Taxation

Dubai’s skyline is a testament to its ambition, and at the heart of its business boom lies the Dubai Multi Commodities Centre (DMCC). It’s not just another free zone; it’s …..

March 24, 2025
Taxation

The Federal Tax Authority urges all registrants to have their tax records updated before the end of March 2025. Article 15 of Federal Decree-Law No. 28 of 2022 on Tax …..

March 24, 2025
Taxation

A will is a legal document that outlines how an individual wishes to distribute their assets (property, money, and possessions) after their death. It allows the individual, known as the …..

March 5, 2025
Taxation

WHY TRANSFER PRICING IS APPLICABLE TO CONNECTED PERSONS? Transfer pricing (TP) rules apply to Connected Persons in the UAE primarily to prevent tax base erosion. The UAE’s definition of “connected …..

March 5, 2025
Taxation

TRC UAE for a Legal Person: Key Steps & Eligibility Criteria A TRC is a document issued by tax authorities to confirm that a person is a taxpayer and a …..

March 5, 2025
Taxation

― SERVICES ― Individuals and businesses earning income from multiple countries may be taxed both in their home and source countries. For example, Mr. Alex, a UK passport holder, moves …..

January 28, 2025
Taxation

Top Exemptions in UAE Corporate Tax: What You Need to Know The UAE’s corporate tax law, implemented in June 2023, imposes a 9% corporate tax on taxable income exceeding AED …..

January 25, 2025
Taxation

Steps for Effective Anti Money Laundering in UAE: A Compliance Guide Combating money laundering and terrorism financing is a top priority for any growing economy in today’s world. In our …..

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