Management Consultancy
The UAE introduced corporate tax on business profits starting June 1, 2023, with standard rate of 9 %/ To endure compliance, businesses must follow these steps when preparing for corporate tax filing: Corporate Tax Filing for VAT Registered or NOT Businesses in the UAE Corporate Tax Filing for Out-of-scope Businesses: In the UAE, out-of-scope business…
The following individuals or entities are not required to register for Corporate Tax with the Authority: How MAKCA can help? By appointing Certified Tax Agent helps determine if your business qualifies for an exemption from UAE Corporate Tax registration by assessing your activities, income sources, and compliance with tax laws. They evaluate whether you fall…
WHAT IS TAX RESIDENCY CERTIFICATE? In the UAE, the Tax Residency Certificate is an official document issued by the Ministry of Finance. The country has entered into tax treaties with 55 nations to prevent double taxation. This certificate serves as confirmation that an individual or company is a resident of a specific country, allowing them…
Under the UAE Corporate Tax Law, Taxable Income is determined starting from the Accounting Income which is the net profit or loss for the relevant period based on IFRS, IFRS for SMEs, or the Cash Basis of Accounting. Adjustments are then made to calculate the Taxable Income for Corporate Tax Purposes. Taxable profits refer to…
In January 2022, Ministry of Finance announced that it will introduce federal corporate tax (CT) on the net profits of businesses. Businesses will become subject to UAE Corporate Tax from the beginning of their first financial year that starts on or after 1 June 2023.CT will be applied across all emirates. Why is the UAE…
Do you want to know how external audits will improve the financial transparency of your business? In the UAE, external auditing is essential to ensure compliance and identify areas for improvement. These services provide an independent review of financial statements and give valuable insights to stakeholders. External Auditing Services UAE For businesses, external auditing services UAE is…
The following is a brief introduction to the topic: Are you aware of how important Tax Audit services in Dubai, UAE are for individuals and businesses? Tax audits are important to ensure that local tax laws are followed and to avoid legal issues. Understanding tax accounting services and VAT regulations in Dubai can help you improve your…
Looking for expert advice to help you take your business in the UAE to the next stage? Business advisory services can help you navigate the UAE’s complex business landscape, make informed decisions and optimize your operations. These services are a game changer for the growth of your business, whether you need financial, legal, or investment guidance. Business…
Looking for guidance regarding the Corporate Tax Registration Process? It is important for UAE businesses to understand the steps involved with corporate tax registration. This article provides you with the necessary information and guidance you need to guide you through the Corporate tax registration process & guidance. Corporate Tax Registration Process & Guidance The Registration Process To…
How to register for corporate tax The Basic Steps of Corporate Tax Registration Businesses must determine whether they have a revenue threshold above AED 375,000 before registering for corporate tax. The business must then submit all the necessary documents including financial statements and details of the business. Businesses will receive a Tax Registration Number (TRN), and can…
Do you want to register your offshore company for corporate tax in the UAE? To meet the UAE’s tax requirements, offshore companies must register. This article will walk you through the steps and criteria required for corporate tax registration in the UAE for offshore companies. Corporate Tax Registration for Offshore Companies in UAE How Corporate Tax Affects…
Do you have questions about how the corporate tax registration process in UAE applies to foreign branches? For foreign companies who want to expand into the UAE, they need to know the tax registration procedure. This article describes the steps and requirements to register for corporate tax in the UAE for foreign branches. Corporate Tax Registration for…
What is Corporate Tax Registration UAE Emaratax Emaratax is an online platform that simplifies the tax registration process for businesses. Emaratax simplifies tax registration for businesses through its online platform, Corporate tax registration UAE. It ensures that businesses comply with UAE corporate tax laws, and they can complete the registration online. Corporate Tax Registration UAE Emaratax Emaratax…
Charges for Corporate Tax Registration in UAE What are the main charges for corporate tax registration in the UAE Before registering, businesses should be aware of the charges associated with corporate tax registration. The charges are different depending on your company’s structure. For example, if you operate in a free zone or the mainland. The UAE government…
What is a Dubai operational audit? This is a thorough evaluation of the company’s operation, with a focus on efficiency, effectiveness and compliance. Operational audits can help companies identify areas in which they can reduce costs, improve performance and comply with local standards. Operational Audit Purpose Why Conduct an Operational Audit? An operational audit’s primary goal is…
What is internal audit? What is an internal audit and why is it so important to businesses? Internal audits are a vital process that help organizations evaluate their internal controls, risks management and overall operations. It’s designed to improve operational efficiency and safeguard assets, as well as ensure compliance with law and regulation. Internal auditors…
Article 28 of the UAE Corporate Tax Law provided a detailed outline of deductible expenses that businesses can claim to reduce their taxable income. According to the law, businesses are allowed to deduct expenses incurred for the purpose of generating taxable income, provided they meet the conditions set forth. These deductions help in calculating the…
https://www.youtube.com/watch?v=-O19LW9E8fg Ministerial Decision 82 of 2023 refers to a key regulation in the UAE that outlines the requirements for businesses with revenues greater than AED 50 million during a relevant tax period. This decision is particularly important for businesses operating under the framework of the UAE’s tax laws, especially in relation to the submission of…
Starting a business in UAE offers great opportunities, but it’s important to understand the key tax and legal aspects before setting up. Here’s a brief guide on company formation in the UAE, from Tax Agent’s perspective. Business Structure Options Tax Considerations Licensing & Registration Employment Regulations Compliance & Reporting Professional Advice Engaging with a tax…
According to the terms of Article 40 of the Corporate Tax Law, a Tax Group is defined as two or more Taxable Persons regarded as a single Taxable Person. A tax group can only consist of residents. A tax group for VAT purposes is not the same as a tax group for corporate tax reasons….
End of content
End of content
Contact us for further assistance
Saraya Avenue Building – Office M-06, Block/A, Al Garhoud, Dubai – UAE
Working Hours:
Mon – Fri: 9:00 – 18:00
Sat 9:00 AM – 2:00 PM
WhatsApp us
