Tax Evasion and Tax Avoidance: Key Differences

Tax evasion and tax avoidance are two concepts widely used in taxation. Businesses or even individuals can save their tax liabilities through various techniques that are either tax evasion or tax avoidance. Even though these involve saving tax liabilities, there is a massive difference in terms of legality and ethical reflection. […]

Interest Deduction Limitation Rule in UAE Corporate Tax

With the introduction of a new corporate tax regime in the UAE, there are numerous taxation topics that are under debate. A very common topic is tax deductions. It is commonly known that not all expenses are allowed under corporate tax laws; however, it is not as simple as we say. […]

When Shall You Deregister for VAT in the UAE?

The UAE introduced VAT on January 1, 2018, with the standard rate set at 5%. A business must register for VAT if its taxable supplies and imports exceed AED 375,000 in a year. However, a business can also register for VAT on a voluntary basis. In this case, the taxable supplies […]