1. Legislative Background – The Federal Corporate Tax Law No. 47 of 2022 imposes a federal tax on the profits of companies and businesses in the UAE. – The law came into effect on June 1, 2023. This guide complements…
1. Who is a Natural Person? A natural person refers to any living human being, whether residing in the UAE or abroad, who conducts business or business activities in their own name, such as: – Sole proprietors – Individual partners…
Small Business Relief under the UAE Corporate Tax Law What is Small Business Relief? Small Business Relief is an optional provision under the UAE Corporate Tax Law. It aims to reduce the tax and administrative burden on small businesses, especially…
Corporate Tax Definition Corporate Tax is a federal tax imposed on the net profits earned by businesses. Applies to companies and natural persons conducting business activities exceeding a certain income threshold. Effective for financial periods starting on or after June…