Common Corporate Tax Mistakes in UAE That Can Cost You Millions
Corporate tax is now a reality in the UAE, and businesses must take compliance seriously. The 9% corporate tax applies to taxable profits above AED 375,000, and failing to meet the requirements can lead to severe financial penalties, audits, and potential legal consequences. Many businesses, even those with good financial management, make costly mistakes due […]
UAE Corporate Tax Deadlines: Key Dates Every Business Must Know
Corporate tax in the UAE is now a reality, and businesses must ensure they meet all compliance deadlines to avoid penalties. The Federal Tax Authority (FTA) has introduced strict timelines for tax registration, filing returns, and making tax payments, making it essential for companies to stay informed. Missing a deadline can lead to financial penalties, […]
UAE Corporate Tax vs Free Zone Tax: Which is Better for Your Business?
The UAE has always been an attractive destination for businesses, thanks to its tax-friendly environment and investor-friendly policies. However, with the introduction of corporate tax, companies must now rethink their tax strategies to ensure they remain profitable while staying compliant. A key decision businesses face is choosing between operating as a mainland company, which falls […]
UAE Corporate Tax Registration: A Step-by-Step Guide for Companies
Corporate tax has become a reality for businesses in the UAE. With the introduction of the 9% corporate tax, all eligible businesses must register to remain compliant and avoid penalties. While the process may seem complex, registering for corporate tax is straightforward when approached with the right information and preparation. Understanding the registration process, required […]
Understanding UAE Corporate Tax Rates: Who Pays & Who is Exempt?
Corporate tax has become a key part of the UAE’s financial system. With the introduction of a 9% corporate tax rate, businesses must now understand how these new rules apply to them. Some companies must pay tax, while others may qualify for exemptions. Knowing where your business stands is essential for compliance, tax planning, and […]
How to Prepare for UAE Corporate Tax Audits & Avoid Heavy Fines
Corporate tax audits in the UAE are becoming a crucial part of business compliance. With the Federal Tax Authority (FTA) closely monitoring tax filings, companies must be prepared to prove that their financial records are accurate and tax payments are correctly calculated. Failing to comply can lead to heavy fines, legal consequences, and reputational damage. […]