A Guide to Corporate Tax Returns in UAE
The United Arab Emirates (UAE) has undergone significant economic reforms in recent years, including the introduction of a corporate tax system. This new tax regime has introduced new responsibilities for businesses operating in the UAE, including the timely filing of corporate tax returns. What is Corporate Tax in UAE? Corporate tax is a levy imposed […]
Deductible Expense Under The UAE Federal Corporate Tax Law
ACL Tax Consultants is undoubtedly an exceptional choice for tax consultancy services in Dubai. With our extensive expertise and in-depth knowledge of the UAE’s tax laws and regulations, As reputed corporate tax consultants in Dubai, ACL Tax Consultants consistently delivers exceptional results to our clients. A Taxable Person has access to specific tax exemptions from […]
Key Aspects of Tax Group Formation under UAE’s Corporate Tax
A “tax group” can be formed by business organizations that own many firms, according to UAE corporate tax law. Although the said concept’s inclusion in the UAE Corporate Tax Law is a positive development, the corporate organizations would still need to assess the merits and cons of tax grouping by consulting a reliable partner providing […]
Significance of Accurate Financial Reporting for Small Enterprises
Small firms may evaluate their financial situation and make future plans thanks to accurate financial reporting, which acts as a road map for them. It offers useful insights into cost control, profitability, and revenue generation, enabling firms to pinpoint problem areas and put strategic plans into action. Financial reports are also necessary when looking for […]
Exploring Transfer Pricing: Methods and Applicability under Corporate Taxation
When filing corporate tax returns, transfer pricing documentation in the UAE aids businesses in calculating their tax liabilities based on the transactions. If the FTA so requests, the transfer pricing paperwork must be included with the corporate tax returns and could have an impact on the amount of taxable income reported in the former. With […]
Ministerial Decision on Small Business Relief
A foundation for Small Business Relief is provided by the corporate tax law in UAE, which went into effect on June 1st 2023. According to the Corporate Tax Law, small enterprises that meet the requirements to be considered Resident Persons can choose to be classified as having no taxable revenue for a tax period, in […]
A Guide to Corporate Tax Registration in UAE
The decision that corporate tax registration in UAE, will be implemented beginning with the fiscal year 2023 has positioned the nation for a paradigm shift in tax compliance. Organizations that operate in the UAE are required to evaluate their corporate tax qualification and compliance needs, including tax registration, tax de registration, tax return filing, and […]