The Federal Tax Authority, UAE has recently released a Corporate Tax Guide (CTG) for the determination of taxable income. This guide provides clear instructions to businesses and taxpayers on how to determine their taxable income and calculate corporate tax under the UAE Corporate Tax Law. The businesses must gain an understanding of the rules and … Read more
If you are a corporate taxpayer, it is important to maintain accurate records of your bank-related details with the Federal Tax Authority (FTA). The FTA offers a full range of high-quality and integrated e-services to help taxpayers benefit from such services in the most convenient and effective manner. Such a service includes the option of … Read more
Corporate Tax Self Registration is a procedure for qualifying companies to register for corporate tax in the UAE through the EmaraTax portal. The Corporate Tax Registration process seeks to assist businesses in registering for corporate tax in the UAE seamlessly and efficiently. The applicant can be either a natural person or a legal person (for … Read more
The Federal Tax Authority (FTA) has recently released a Basic Tax Information Bulletin that provides corporate tax-related guidelines for natural persons in the UAE. The bulletin is designed to make the tax system more understandable and answer frequently asked questions regarding tax obligations, helping taxable individuals navigate the UAE’s corporate tax system seamlessly. Who are … Read more
Free zone establishments, otherwise known as free zone companies (FZEs) are a significant factor in the UAE economy. Establishing an FZE helps foreign investors to fully own a business in UAE. However, depending on business requirements, the owner of an FZE may be required to transfer the shares of the company to another person or … Read more
An Employment Contract Amendment is a legal change in an existing employment contract. This can include modifications to the various provisions of the contract such as the salary structure of the employees, their responsibilities, working hours, remunerations, and any other conditions of employment. Such changes must be recorded in writing and signed by both the … Read more