UAE corporate tax
July 31 will be the final deadline to benefit from the initiative for the majority of corporate taxpayers whose first tax period aligns with the 2024 calendar year
The authority indicated that the exceptional condition for benefitting from the exemption applies only to the first tax period of the entity subject to tax
Exemptions aim to ensure equal tax treatment between local and foreign entities owned by certain exempt entities
Late submission of tax registration applications now eligible for penalty waivers within specified deadlines
The FTA aims to clarify the income that will be taxed in the hands of juridical persons that are investors in a REIT
The updated decision sets out clear requirements for tax groups to prepare audited financial statements
This decision eases compliance for foreign investors and highlights the UAE's commitment to investment appeal
In 2024, 96 percent of FTA attendees expressed satisfaction with the informative nature of awareness events
The FTA defines a 'natural person' as any living human being, regardless of age or residence
In 2024, UAE nationals received 7,520 VAT refund applications for new residences, totaling $191.8 million
This certification caters specifically to tax professionals employed by Dubai government entities
