Ahmad Alagbari Chartered AccountantAhmad Alagbari Chartered AccountantAhmad Alagbari Chartered Accountant
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Blogs

Corporate Tax UAE - Blog
28 Apr 23

UAE CT-Decision on provisions for Exemption from CT

The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) published FTA Decision No. 7 of 2023 (Decision), delineating certain procedures for registration and application for exemption under the UAE CT Law. Federal Tax Authority Decision No. 7 of 2023 is Issued on 7 April 2023  which is Effective…
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UAE CT LAW - Blog
28 Apr 23

UAE CT Law- Conditions for not creating Permanent Establishment

UAE publishes Ministerial Decision No. 83 of 2023 on the Determination of the Conditions under which the Presence of a Natural Person in the State would not Create a Permanent Establishment for a Non-Resident Person for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and…
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UAE CT FTA - Blog
27 Apr 23

UAE CT-Tax Deregistration Timeline for purposes of Corporate Tax

UAE Corporate Tax update FTA publishes decision No 6 of 2023 on the Tax Deregistration Timeline for purposes of Corporate Tax. The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) published FTA Decision No. 6 of 2023 (Decision) on the timelines for Tax Deregistration under the UAE CT…
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UAE CT FTA - Blog
27 Apr 23

UAE CT -FTA Published Conditions for Change in Tax Period

UAE CORPORATE TAX UPDATE-FTA publishes decision No 5 of 2023 on the Conditions for Change in Tax Period. The FTA has issued  Federal Tax Authority Decision No. 5 of 2023 on the Conditions for Change in Tax Period. This Decision shall be published in the Official Gazette and shall come…
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TAX Group
27 Apr 23

UAE CT- TAX GROUPS AND QUALIFYING GROUPS

UAE CORPORATE TAX – QUALIFYING GROUP AND TAX GROUP Large businesses often conduct their operations through a group of companies, which has a parent company and a number of subsidiaries. By forming a corporate tax group in the UAE, businesses can also enjoy benefits such as better tax planning ,reduction…
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How to calculate Taxable Income?
26 Apr 23

HOW TO CALCULATE TAXABLE INCOME-UAE CORPORATE TAX

On December 9, 2022, Federal Tax Authority (the FTA) issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Business (the CT Law). According to this law, businesses will become subject to UAE Corporate tax from the beginning of their first financial year that starts on and…
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UAE Corporate TAX Registration
11 Apr 23

UAE Corporate Tax Update – Exemption from Tax Registration

The United Arab Emirates will soon be introducing Corporate Tax, effective for financial years starting on or after 1 June 2023, applicable on the net profit of companies or other businesses in accordance with Federal Law No.47 of 2022 on Taxation of Corporations and Businesses. On 10th April 2023, Ministerial…
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CHAT GPT
11 Apr 23

HOW CAN ACCOUNTANTS USE CHATGPT

HOW CAN ACCOUNTANTS USE CHATGPT In today’s world a new wave of software is making ground-breaking history. ChatGPT, from AI startup Open AI, is an AI-powered chatbot whose level of sophistication has taken the business world by storm like no other chat platform before it. What is Chat GPT? ChatGPT…
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UAE CORPORATE TAX - Blog
11 Apr 23

UAE Corporate Tax Update -Annual Taxable Income Threshold

As per Article 3 of the Federal Decree Law No 47 on “Taxation of Corporations and Businesses”, in UAE for financial years beginning on or after 1st June 2023, the threshold of annual taxable income chargeable to corporate income tax at the rate of 0% for Taxable Person was to be specified…
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