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.

Small Business Relief in UAE Corporate Tax -The Complete Guide
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Small Business Relief in UAE Corporate Tax -The Complete Guide

Small Business Relief helps small businesses in the UAE with Corporate Tax. It makes it easier for them to follow Corporate Tax rules. This relief reduces the work they need to do for Corporate Tax, especially in the beginning.

If a business qualifies (a resident business in the UAE, either a person or a company), and its revenue is AED 3,000,0001 or less in a certain period, it can choose not to count its taxable income for that time. This means it doesn’t have to figure out its taxable income or do a full tax return.