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Are You Eligible for Corporate Tax Registration in the UAE? As of 15 January 2024 by AccountAbility Team Navigating through Corporate Tax may seem complex, but with AccountAbility, you’re on the right path. Whether you’re an individual, a mainland company, or a free zone business, Corporate Tax Registration is MANDATORY in the UAE. Who is Eligible for Corporate Tax Registration in the …

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UAE Corporate Tax: New Procedures to Enhance Compliance and Penalties As of 25 August 2023 by AccountAbility Team Cabinet Decision No. (74) of 2023 Recently, the UAE Ministry of Finance issued Cabinet Decision No. (74) of 2023 on the Executive Regulation of Federal Decree-Law No. (28) of 2022 on Tax Procedures, also known as the …

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VAT Penalty Waiver in the UAE: A Crucial Support System for Businesses As of 04 July 2023 by AccountAbility Team UAE has established itself as a thriving international commercial hub, attracting businesses across industries. With the implementation of the Value Added Tax (VAT) system in 2018, maintaining compliance has become essential. However, companies may encounter …

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Essential Tax Terms in the UAE: Understanding the Key Concepts for Financial Success As of 20 June 2023 by AccountAbility Team Tax terms are of utmost importance in the UAE due to the country’s evolving tax landscape. As the UAE implements various tax regulations, understanding tax terms becomes crucial for individuals and businesses operating within …

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Enhancing Clarity and Compliance: Ministerial Decision No. 139 of 2023 on Qualifying and Excluded Activities for Corporate Taxation in the UAE As of 13 June 2023 by AccountAbility Team Ministerial Decision No. 139 of 2023 represents an important milestone in the UAE’s tax landscape, providing clear guidelines on qualifying activities and excluded activities for corporate …

Enhancing Clarity and Compliance: Ministerial Decision No. 139 of 2023 on Qualifying and Excluded Activities for Corporate Taxation in the UAE Read More »

Corporate Tax vs. Value Added Tax – Key Differences and Considerations for Businesses in the UAE As of 06 June 2023 by AccountAbility Team Corporate Tax (CT) and Value Added Tax (VAT) are two distinct types of taxes in the UAE, each with its own purpose and application. Knowing their differences is crucial for businesses …

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Corporate Tax Update in the UAE: Staying Informed with the Latest Changes As of 23 May 2023 by AccountAbility Team What are the latest updates? The UAE Ministry of Finance has recently introduced new ministerial decisions about Corporate Tax, just ahead of the anticipated launch on June 1, 2023. These decisions, outlined in Ministerial Decisions …

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Small Business Relief: Easing Tax Burden Under UAE Corporate Tax Law As of 19 Jan 2024 by AccountAbility Team The UAE government has introduced new measures aimed at supporting small businesses in the country. One of the key initiatives is introducing Corporate Tax Relief for small businesses, micro-businesses, and startups, which is expected to positively …

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