Allowable Expenses for UAE Corporate Tax and VAT: Latest update!
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Allowable Expenses for UAE Corporate Tax and VAT: Latest update!

Allowable Expenses for Corporate Tax: The UAE’s introduction of corporate tax and value-added tax (VAT) has created significant changes in how businesses manage their finances. To ensure compliance, businesses need to be aware of which expenses are allowable under both the corporate tax and VAT frameworks as set out by the Federal Tax Authority (FTA).

Corporate Tax Registration Timeline: Complete Resource
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Corporate Tax Registration Timeline: Complete Resource

Corporate Tax Registration Timeline: The Ministry of Finance has announced that companies neglecting to register for UAE Corporate Tax within the specified timelines established by the Federal Tax Authority will incur an administrative penalty of Dh10,000. This penalty applies to businesses that fail to meet the deadline for submitting their Corporate Tax registration applications, according to a statement issued by the Ministry.