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. […]

Tax Losses in Corporate Tax: Key Factors in the UAE

The UAE is implementing the corporate tax on June 1, 2023. In order to remain attractive for businesses, the UAE has set the standard rate of corporate tax at 9%. However, this 9% rate only applies to businesses that have taxable profits of over AED 375,000. Businesses with taxable profits of […]