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...
1.Introduction The Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (hereinafter referred to as the “Corporate Tax Law”) was issued by the United Arab Emirates (“UAE”), on 09 December 2022. The...
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...
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...
An economy that is growing faster than ever, a multifaceted technological hub, and a buzzing tourist spot- that’s what summarizes UAE. In 2019, the UAE government released the revised Golden Visa Program, a permanent residence visa...
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...
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...
Managing and keeping track of finances is an integral part of every company. Analysing your company’s finances, bank accounts, and financial statements ensures your operations are running smoothly and helps you reduce and avoid extra expenditures....
The UAE government introduced VAT or Value Added Tax for businesses that exceed an annual turnover of AED 350,000. The VAT system was first introduced in January 2018, after which companies in the UAE Mainland and...
Since the time the FTA announced it to be mandatory in 2018, Value Added Tax or VAT has been the talk of the town for businesses of all levels. Filing your VAT returns in the UAE...
The United Arab Emirates has become one of the first countries to apply an indirect tax on all taxable products and services. We'll take a deep look at the benefits of VAT registration in UAE in...
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...
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...
The newly introduced VAT system in Dubai, UAE, makes it essential for qualified and experienced tax professionals and consultants to support your business. We, at Earningo’s VAT Registration Dubai, UAE are here to lend you a...
The UAE is a shopper's paradise with its luxury outlets, glitzy malls, and gold souqs and luxury outlets. It offers the best brands from around the world, and tourists can take advantage of the shopping opportunities...
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...
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...
It is not new that the rich Indians have created and registered their family trusts in tax-friendly nations. As per the tax agents in UAE, they transferred their assets, including shares held in India and money...
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...
A few decades ago, UAE was completely reliant on oil revenue but, its transformation into a country that attracts investment from across the world is an inspiration and unimaginable. The Emirates of Dubai and Abu Dhabi,...
With so much global uncertainty, change seems to be the only true constant. Having a strong internal audit department can help business leaders make better decisions for future growth and success. Hence, it is vital to...
Tax is a confusing term for many business owners. Hence, according to a study, most business owners who file the tax returns choose to use an accountant or tax agent services UAE. It is also noted...
Filing taxes is definitely not an easy job. There are various complicated processes involved and business owners have to deal with huge calculations. Moreover, the tax filing rules and regulations changed over time. Hence, it is...
VAT stands for value-added tax. It is a tax levied based on their consumption rather than their income. It is imposed on the price of a product or service at each production stage, distribution, or sale...
We, at Earningo, have more than 15 years of experience and specialize in providing accounting and VAT compliance services in Dubai, UAE. Our customer-oriented mindset and a team of highly skilled professionals make us one of...
One of the best ways to get your business or firm recognized by the government is to get it registered as one of the tax-paying firms. When you have completed the process of tax registration in...
On April 30, 2019, the UAE issued Economic Substance Regulations as part of the UAE's commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the UAE's tax framework by...
The Federal Tax Authority (FTA) is a government entity responsible for administering, collecting, and enforcing federal taxes across the UAE. It helps foster an environment that drives outstanding economic development. The FTA helps keep the sturdy...
UAE Economic Substance Regulations (ESR) notification for all free zones is mentioned below: Sr. No. Relevant Authority Deadline Remarks 1 Dubai Silicon Oasis Authority (DSOA) May 31, 2020 ESR notification for DSO companies, form must be...
It has been 3 years since VAT has been introduced in UAE for the supply of goods and services. The UAE government introduced VAT on January 1st, 2018. It has been recommended for companies to complete...
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