Author Archives: ProAct

Introduction The United Arab Emirates (UAE) has introduced a federal corporate tax to diversify its revenue sources and align with international taxation standards. With the implementation of corporate tax regulations, businesses operating in the UAE must ensure compliance to avoid severe UAE Corporate Tax Penalties. This comprehensive guide will discuss the penalties for non-compliance with UAE corporate tax regulations and provide

Group taxation and loss transfers are key concepts in the UAE’s corporate tax framework, enabling tax efficiencies for businesses operating under a unified structure. Under the UAE Corporate Tax Law, entities that are part of a tax group can benefit from consolidated tax reporting, allowing them to offset the taxable profits of one group company with the losses of another. This

The UAE has established Free Zones as part of its business-friendly environment, offering tax advantages, regulatory flexibility, and various incentives to companies. However, Free Zone entities must navigate a set of rules to ensure compliance with tax regulations. These rules have significant implications for companies that engage in transactions with mainland entities, export goods, or participate in international trade. This guide

The United Arab Emirates (UAE) has long been known as a tax-friendly jurisdiction, attracting businesses from around the world with its favorable economic environment. However, in a significant move to align with global tax standards and diversify its economy, the UAE is set to introduce a new corporate tax regime that will particularly impact large multinational enterprises (MNEs). This article delves

The United Arab Emirates (UAE) is a renowned global business hub, attracting investors and professionals from around the world. Its tax-friendly environment has been one of the most appealing aspects for expatriates and corporations alike. However, understanding how international income is taxed in the UAE, especially in the context of tax treaties, is crucial for individuals and businesses operating across borders.

The introduction of corporate tax in the United Arab Emirates (UAE) has brought significant changes to the business landscape. One crucial aspect of this new tax regime is the concept of tax loss carry forward. This article provides an in-depth exploration of tax loss carry forward under UAE corporate tax law, including its implications, limitations, and practical applications. Understanding Tax Loss

Corporate tax return filing in the UAE is a crucial legal requirement for companies operating within the country. Companies must submit their tax returns to the Federal Tax Authority (FTA) within a set deadline. Non-compliance can result in penalties and fines, making it essential for businesses to stay on top of their filing obligations. In this article, we will guide you

Tax Planning Strategies for UAE Corporate Tax: The introduction of corporate tax in the United Arab Emirates (UAE) marks a significant shift in the country’s fiscal landscape. As of June 2023, businesses operating in the UAE face new tax obligations, with a standard corporate tax rate of 9% for taxable income exceeding AED 375,000. This change necessitates Tax Planning Strategies for

In the dynamic landscape of business operations in the United Arab Emirates (UAE), understanding the intricacies of corporate tax deductions, particularly concerning management remuneration, is paramount for financial clarity and compliance. This article delves into the nuances of management compensation deductibility in the UAE, shedding light on regulations, factors influencing deductibility, and steps to optimize tax strategies effectively. Current Regulations on