In the fiercely competitive business landscape, thriving isn’t a walk in the park for any enterprise. Success isn’t just about operational efficiency; it’s about the environment too. Amidst these dynamics, profit reigns supreme, serving as the lifeblood for businesses to not just survive, but flourish. Profit, essentially the surplus after expenses, is the beacon that […]
The UAE has strategically positioned itself as a global economic powerhouse, transitioning from reliance on oil revenues to a diversified economy. Central to this transformation is its embrace of corporate tax, which commenced on June 1, 2023, sparking curiosity about its ramifications. In this discourse, we delve into how Dubai’s corporate tax policies bolster its […]
Renowned for its tax-friendly environment, the Dubai stands as an attractive destination for foreign investments. With the recent implementation of a new corporate tax regime, the Dubai ‘s approach to corporate taxation holds significant implications in the realm of anti-money laundering (AML). In this blog, we will delve into the impact of Dubai corporate tax […]
A Qualifying Free Zone Person is eligible for a 0% Corporate Tax rate on its Qualifying Income.
A juridical person who is not a resident person is subject to corporate tax if it either:
has a Permanent Establishment in the UAE; or
derives State Sourced Income (subject to a 0% Withholding Tax); or
earns income from Immovable Property in the UAE
Resident juridical persons
Refers to an entity incorporated or otherwise established or recognised
under the laws and regulations of the UAE or;
under the laws of a foreign jurisdiction but is effectively managed and controlled in the UAE