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. […]
The introduction of corporate tax in the UAE is opening new dimensions to the tax landscape for businesses. Therefore, businesses need to understand and navigate compliance requirements and other corporate tax considerations. In this blog, we are addressing frequently asked questions (FAQs) for a better understanding of corporate tax in the […]
From June 1, 2023, the UAE is going to introduce corporate tax. Under the current guidelines, businesses that earn taxable profits of over AED 375,000 will pay 9% corporate tax. However, businesses with annual taxable income of less than AED 375,000 will have 0% corporate tax. In order to become an […]