UAE Corporate Tax: Key Priorities — The imminent arrival of Corporate Tax (CT) on January 1st 2024, necessitates rigorous preparation for affected businesses. Thoroughly comprehending the legal, financial, and operational implications of CT on your specific...

Extracting Value, Optimizing Taxes: A Guide for UAE Natural Resource Businesses. Taxation of Extractive Business and Non-Extractive Natural Resource Business — This article provides an overview of the Corporate Tax exemption for Extractive Businesses and...

Exempt Persons Status: Public Benefit Entities, Pension Funds and Social Security Funds — A select group of entities are granted exemption from Corporate Tax obligations. These entities, collectively known as Exempt Persons, encompass Qualifying Public Benefit...

Taxation of Natural Persons — The implementation of corporate tax represents a pivotal development in the nation's fiscal framework, fostering a more equitable tax system. While the tax primarily targets businesses, individuals conducting certain business activities...

Download the Article PDF Version Adherence To Accounting Principles Pursuant to Ministerial Decision No. 114 of 2023, each Taxable Person’s Taxable Income is to be determined independently, utilizing duly prepared, individual (unconsolidated) Financial Statements that...

Download the Article PDF Version Understanding Non-Resident and Resident Person Status The Corporate Tax Law defines a non-resident person as an individual or legal entity that is not a resident person. As a result, it is necessary to first determine whether an...