Ministerial Decision No. 265 of 2023: Key Insights on Qualifying and Excluded Activities under UAE Corporate Tax Law
The United Arab Emirates (UAE) has implemented major changes regarding taxation with the implementation of Federal Decree-Law No. 47 of 2022 for the Taxation of Corporations and Businesses. To provide further clarity on this regard, concerning specific business activities, Ministerial Decision No. 265 of 2023 was issued by the Ministry of Finance to clarify Qualifying … Read more
Running a business in the United Arab Emirates (UAE) is very lucrative. There’s a huge pool of talented workers in every business sector, and there is a fantastic digital infrastructure that business owners can plug into. This means businesses grow quickly with minimal capital or investment. The UAE, most especially Abu Dhabi, is so business-friendly. … Read more
There are a number of factors that cause the cancellation or revocation of a trade license in Sharjah business zone. Conducting a complete liquidation procedure is often a complex task for corporations; enterprise units close their roles during this process, and the firm’s assets and capital are distributed among the shareholders. Thus, it is essential … Read more
Tax agency refers to the legal entities approved by the Federal Tax Authority (FTA) to represent business entities and other entities in tax related issues. Tax agencies are the key responsibility holders in UAE for the proper implementation of tax laws such as corporate tax, Value Added Tax (VAT) and Excise Tax. They are allowed … Read more
The UAE corporate tax was introduced in June 2023 in line with international tax policies. Whereas, certain entities qualify for corporate tax exemption if they meet the exemption criterion, as provided by the Federal Tax Authority. This article details the entities that qualify for corporate tax exemption in UAE. Who can apply for corporate tax … Read more
