• Home
  • About Us
  • TAX
    • VAT
    • Excise Tax in UAE
    • Corporate TAX
  • Services
    • Accounting
    • Audit & Assurance
    • Incorporation & Liquidation Services
    • Governance, Risk and Compliance
    • Economic Substance Regulations
    • Ultimate Beneficial Owner (β€œUBO”)
    • AML and CFT
    • Family Office Services
    • International Audit & Supervision
    • Outsourcing & Payroll
    • Offshores
    • Corporate Finance
    • Software Development
  • Affiliations
  • Our Team
  • Advisors
  • Blog
    • Audit & Compliance
      • Audit
      • AML
      • ESR
      • UBO
    • Finance
    • Fintech
    • Taxation
  • Career
  • Contact
    • Contact Us
    • Our Offices
    • Home
    • About Us
    • TAX
      • VAT
      • Excise Tax in UAE
      • Corporate TAX
    • Services
      • Accounting
      • Audit & Assurance
      • Incorporation & Liquidation Services
      • Governance, Risk and Compliance
      • Economic Substance Regulations
      • Ultimate Beneficial Owner (β€œUBO”)
      • AML and CFT
      • Family Office Services
      • International Audit & Supervision
      • Outsourcing & Payroll
      • Offshores
      • Corporate Finance
      • Software Development
    • Affiliations
    • Our Team
    • Advisors
    • Blog
      • Audit & Compliance
        • Audit
        • AML
        • ESR
        • UBO
      • Finance
      • Fintech
      • Taxation
    • Career
    • Contact
      • Contact Us
      • Our Offices
  • info@aaa-cas.com
  • +971 4228 7774
Ahmad Alagbari Chartered Accountant
Ahmad Alagbari Chartered Accountant
  • Home
  • About Us
  • TAX
    • VAT
    • Excise Tax in UAE
    • Corporate TAX
  • Services
    • Accounting
    • Audit & Assurance
    • Incorporation & Liquidation Services
    • Governance, Risk and Compliance
    • Economic Substance Regulations
    • Ultimate Beneficial Owner (β€œUBO”)
    • AML and CFT
    • Family Office Services
    • International Audit & Supervision
    • Outsourcing & Payroll
    • Offshores
    • Corporate Finance
    • Software Development
  • Affiliations
  • Our Team
  • Advisors
  • Blog
    • Audit & Compliance
      • Audit
      • AML
      • ESR
      • UBO
    • Finance
    • Fintech
    • Taxation
  • Career
  • Contact
    • Contact Us
    • Our Offices

PROPOSED UAE CORPORATE TAX LAW FREE ZONE COMPANIES

Ahmad Alagbari Chartered Accountant > Blogs > Taxation > PROPOSED UAE CORPORATE TAX LAW FREE ZONE COMPANIES
  • May 5, 2022
  • admin
  • Taxation
  • 0

𝐔𝐀𝐄  π‚πŽπ‘ππŽπ‘π€π“π„ 𝐓𝐀𝐗 𝐋𝐀𝐖
𝐅𝐑𝐄𝐄 π™πŽππ„ π‚πŽπŒππ€ππˆπ„π’
π‚πŽππ’π”π‹π“π€π“πˆπŽπ πƒπŽπ‚π”πŒπ„ππ“

UAE Ministry of Finance has released a public consultation document on UAE Corporate Tax (UAE CT) to seek views on its features and implementation.

What is the purpose of a public consultation?
The document contains information on the proposed Corporate Tax (‘CT’) regime and is released for the purposes of obtaining input from interested parties.

Free Zone Persons

CT will be applicable to companies & branches that are registered in a Free Zone (referred to as ‘Free zone persons’) and subject to tax return filing requirements

A Free Zone will be subject to 0% CT

CT regime will continue to honor the CT incentives currently being offered to free zone businesses

  • On income earned  from Transactions with business located in same or any other free zone or outside of UAE
  • May also apply to income from certain regulated financial services directed at foreign markets.
Exceptions for Free Zones persons who can continue to benefit from 0% CT:

A Free Zone Person that has a branch in mainland UAE -0% CT Rate

  • will be taxed at the regular CT rate on its mainland sourced income,
  • whilst continuing to benefit from the 0% CT rate on its other income.

A Free Zone Person does not have a branch in mainland UAE-0% CT Rate

  • If its income from mainland UAE is limited is ‘passive’ income i.e. (interest, royalties, dividends capital gains from owning shares in mainland UAE companies)

Transactions between Free Zone Persons and their group companies located in mainland UAE-0% CT Rate

  • However, payments made to the Free Zone Person by a mainland group company will not be a deductible expense.

Free Zone Person located in a Designated Zone for Value Added Tax (VAT) purpose -0% CT Rate

  • On income from the sale of goods to UAE mainland businesses that are the importer of record of those goods.
alia-round
Alia Noor (FCMA, CIMA, MBA, GCC VAT Comp Dip, Oxford fintech programme, COSO Framework)
Associate Partner
Ahmad Alagbari Chartered Accountants

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

Ultimate Beneficial Owner UAE FAQs January 16, 2023
Anti-Money Laundering FAQs January 13, 2023
New Dubai Customs duty charges 5% will now apply on Import of Goods exceeding AED 300 -effective dateΒ 01Β JanΒ 2023 January 10, 2023
Key Features UAE Corporate Tax Law- Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses December 9, 2022
DMCC CERTIFICATE
AAA PROFILE
SAIFZONE LICENSE
ABUDHABI LICENSE
LEATAX Consultant LICENSE
ALIF TECHNOLOGIES CONSULTANTS LICENSE
AAA LICENSE
Ahmad Alagbari Chartered Accountant
Ahmad Alagbari Chartered Accountant are the Auditors and Business Consultant in Dubai. Our Firm consists of dedicated professionals who have an ability to provide industry-focused services in order to enhance value through the application of what we call "BEYOND NUMBERS".

Services

  • Accounting Services
  • Audit & Assurance
  • Incorporation & Liquidation Services
  • International Audit & Supervision
  • Ultimate Beneficial Owner (β€œUBO”)
  • Software Development
  • Outsourcing & Payroll

Contact Info

  • 601 Al Zarooni Building,
    Near Al Rigga Metro Station
    (Exit-2), P.O Box: 236399,
    Deira Dubai, UAE
  • +971 4228 7774
  • info@aaa-cas.com
  • 09:30am-06:30pm

Newsletter

We denounce with righteous indignation in and dislike men who are so beguiled and to demo realized.

© 2022 Ahmad Alagbari Chartered Accountants. All Rights Reserved.

  • Home
  • About Us
  • Services
  • Blog
  • Contact Us