To begin with FTA announced a waiver of the AED 10000 penalty for late corporate tax registration provided if you meet certain conditions. This is a relief for business who failed to meet the corporate tax registration deadline but are not ready to register.
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Its has become a top priority for the businesses in UAE to understand the essentials of accounting and VAT in the UAE. As we are moving forward in 2025, here’s what you need to know to stay complain and ahead of the curve.
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The UAE has taken another step toward enhancing its business environment and tax transparency with the issuance of Cabinet Decision No. 35 of 2025 which provide new Corporate Tax guidelines for Foreign..
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Companies registered in UAE Free Zones are now subject to corporate tax law, which means they have to file corporate tax returns with Federal Tax Authority (FTA) and fulfil the requirements.
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To align with global fiscal standards, the UAE is set to implement new tax reforms in 2025. The new tax framework introduces 15% corporate tax rate for large multinational Companies in UAE.
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Are you a self-employed professional, freelancer or sole proprietor in the UAE? The Federal Tax Authority (FTA) has issued a critical update: Natural persons subject to corporate tax in the UAE must register by 31 March 2025 to avoid penalties.
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The UAE has established comprehensive framework for accounting and financial reporting system to ensure accountability, transparency and investor confidence.
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The Federal Tax Authority (FTA) of UAE has clarified penalties for taxpayers failing pay the due corporate tax for each month or part thereof shall be subject to a monthly penalty of 14 percent per annum. To avoid UAE corporate tax violation, businesses must pay their due corporate tax with in the deadline.
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Based on reverse charge mechanism, the supplier will not have to charge and collect VAT on the items that are covered by this cabinet decision. The buyers will be having to calculated and declare VAT on their purchases and report it in their VAT return.
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In fast paced business environment, outsource accounting has become an important aspect of business, in fact it is a strategic choice for most of the companies in UAE. With the implementation of corporate tax regulation, VAT compliance and the increase in financial complexities..
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