Category: Finance

What is the Corporate Tax rate?

Corporate Tax will be levied at a headline rate of 9% on Taxable Income exceeding AED 375,000. Taxable Income below this threshold will be subject to a 0% rate of Corporate Tax. Corporate Tax will be charged on Taxable Income as follows:       What is the Withholding Tax rate? A 0% withholding tax […]

Corporate Tax

When can a Free Zone Person be a Qualifying Free Zone Person? A Free Zone Person that is a Qualifying Free Zone Person can benefit from a preferential Corporate Tax rate of 0% on their “Qualifying Income” only. In order to be considered a Qualifying Free Zone Person, the Free Zone Person must: ●maintain adequate […]

Corporate Tax

What is Corporate Tax imposed on? Corporate Tax is imposed on Taxable Income earned by a Taxable Person in a Tax Period. Corporate Tax would generally be imposed annually, with the Corporate Tax liability calculated by the Taxable Person on a self-assessment basis. This means that the calculation and payment of Corporate Tax is done […]

Why SME Businesses Require Outsourced CFO Services

Do you know why many SMEs fail to thrive in Dubai? It is because they don’t understand the right time to hire help or outsource tasks. A business runs through several strands and taking care of all of them is possible, but not fruitful in the long run. Especially when it comes to finances, you […]

How Outsourced CFO Services can Add Value to your Business

Finances and their management are always one of the top concerns for businesses across all scales. To ease the hassle of regulating all the monetary ins and outs, businesses, particularly large-scale or multinational organizations have an in-house CFO or Chief Financial Officer. However, when we talk about SMEs, they are always rugged off in deciding […]

Benefits of Working and Living in Dubai and UAE

Apart from the scrumptious food, scenic beauty, and rich cultural heritage, what makes Dubai and the UAE the most sort locations for immigrants from across the globe? It’s the flexible, convenient, and growth-oriented work-life that adds further charm for the expatriates. The cities are constantly enveloping changes to facilitate its global workforce and invite fresh […]

Advantages and Challenges of Setting Up Mainland and Freezone Company in the UAE

The UAE brings in a lot of benefits for investors of all scales and mediums. The city is bound to create a growth-oriented business culture to foster organizations in all sectors. From having the best tax consultants Dubai, who guide through the city’s taxation rules to maintaining strong frameworks for proper business functioning, the UAE […]

Know the Myth And Realities Behind Obtaining A UAE Tax Residence Certificate

Many confusions have transpired around the views and the norms of application for the UAE Tax Residency Certificate. Numerous misinterpretations surround the rules of application for the certificate. Here is a clear picture of applying for the UAE Tax Residence Certificate. What is a Tax Residence Certificate? The Tax Residence Certificate (TRC) is a technical […]

Expo 2021 Dubai Attendees Should Use VAT Refund Scheme

Dubai Expo 2021 is one of the biggest events in the post-pandemic world. After being postponed from the last year, the organizers have retained the 2020 branding for marketing purposes. Hence, it is Dubai Expo 2020 and 2021 also. It has started in October 2021 and is scheduled till March 2022. It’s the first-ever Expo […]

Role of Tax Consultants and Benefits of Hiring them in Organizations

The tax consultants Dubai give advice, to prepare, and assist individuals or companies in tax filing or returns. They are tax preparers and suggest steps which would help companies save more money. As tax consultants, they are experts on matters related to tax and financial experts familiar with all the tax laws in Dubai. Since […]