Effective Management and Control
Determining residence for Corporate Tax purposes solely on the basis of place of incorporation may not reflect the economic reality of where the business is actually mana... More Details
How Does Corporate Tax Work?
Taxable Persons are subject to Corporate Tax on their Taxable Income – this is their Accounting Income with certain adjustments made for Corporate Tax purposes.Generally,... More Details
Closing Provisions of Corporation Tax in UAE
Delegation of PowerThe Minister has the option to delegate all or a portion of his powers under this Decree-Law to VAT Dubai. Authority, where the Minister deems appropriate.A... More Details
Transitional Rules of Corporation Tax in UAE
Transitional Rules1. A Taxable Person’s opening balance sheet for Corporate Tax purposes shall be the closing balance sheet prepared for financial reporting purposes under accounti... More Details
Violations and Penalties of Corporation Tax in UAE
Violations and PenaltiesAssessment of Corporate Tax and penalties1.Corporate Tax assessment may be imposed on a person based on the Tax Procedures Law and the decisions made in the... More Details
Tax Returns and Clarifications of Corporation Tax in UAE
Tax Returns1. Subject to Article 51 of this Decree-Law, a Taxable Person must file a Tax Return, as applicable, to the Authority in the form and manner prescribed by the Authority ... More Details
Tax Registration and Deregistration of Corporation Tax in UAE
Tax Registration1. Any Taxable Person shall register for Corporate Tax with the Authority in the form and manner and within the timeline prescribed by the Authority and obtain a Ta... More Details
Anti-Abuse Rules of Corporation Tax in UAE
General anti-abuse rule1. This article applies to a transaction or arrangement if, considering all relevant circumstances, it can be reasonably concluded that VAT registr... More Details
Payment and Refund of Corporate Tax
Corporate Tax PaymentA Taxable Person must settle the Corporate Tax Payable under this Decree-Law within (9) nine months from the end of the relevant Tax Period, or by such other d... More Details
Calculation of Corporate Tax Payable
CurrencyFor the purposes of this Decree-Law, all amounts must be quantified in the United Arab Emirates dirham. Any amount quantified in another currency must be converted at the a... More Details
Tax Group Provisions of Corporation Tax in UAE
Tax Group1. A Resident Person, which for the purposes of this Decree-Law shall be referred to as a “Parent Company”, can make an application to the Authority to form a Tax Group wi... More Details
Tax Loss Provisions of Corporation Tax in UAE
Tax Loss Relief1. A Tax Loss can be offset against the Taxable Income of subsequent Tax Periods to arrive at the Taxable Income for those subsequent Tax Periods.2. The amount of Ta... More Details
