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Yearly Archives: 2023

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Published On - April 28, 2023

Abbos Maksudov VAT & Accounting

Registration and Threshold for Zero Rate Corporate Tax in the UAE

The implementation of the new Corporate Tax (CT) in the UAE continues to progress with new milestones such as the commencement of the registration process and an official announcement of the amount of taxable income that will be subject to 0% tax rate. As our valued clients, we would like to provide...

Published On - April 28, 2023

Abbos Maksudov VAT & Accounting

New “UAE Tax Residency” rules came into effect

Starting from 1 March 2023, new definition and criteria of the tax residence in the UAE have started to apply for the purposes of any UAE tax law or bilateral tax treaties/agreements on avoidance of double taxation. The new definition is aligned with internationally recognized standards and will fac...

Published On - April 26, 2023

Abbos Maksudov VAT & AccountingTags: UAE VAT & Advisory

Introduction of Corporate Tax in the UAE

On 9 December 2022, the Ministry of Finance of the UAE published the Law on Taxation of Corporation and Businesses (“CT Law”) which provides the legislative basis for implementing a Federal Corporate Tax (“CT”) in the UAE. It is expected that the introduction of CT in the UAE will cement its...

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