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This tool provides a preliminary check based on the information and choices you enter. It does not constitute tax, financial, or legal advice, and it does not replace reviewing the trade license, business activity, contracts, invoices, revenue, and supporting documents. If you would like to confirm your position, please contact Al Basma for an independent review of your case.

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Important Notice: The information provided on this page is intended for general informational purposes only and does not constitute legal, tax, accounting, or professional advice. It should not be relied upon as a substitute for reviewing the applicable laws, regulations, decisions, and official guidance issued by the competent authorities in the United Arab Emirates.

The appropriate legal, tax, or accounting treatment may vary depending on the specific facts and circumstances of each case.

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Related Updates and Articles

UAE Corporate Tax Registration Deadline

UAE Corporate Tax Registration Deadline

UAE Corporate Tax registration deadline, FTA registration, corporate tax compliance, UAE tax registration requirements and penalties....

Corporate Tax
Explaining partnerships for Corporate Tax

Explaining partnerships for Corporate Tax

Ahmed, Muhammad, and Hussein have a partnership contract to import goods and sell them to stores A partnership contract between partners is not required to be registered with corporate tax But Ahmed, Muhamm...

Corporate_Tax
How will the UAE Corporate Tax regime apply to partnerships?

How will the UAE Corporate Tax regime apply to partnerships?

The Corporate Tax Law makes a distinction between unincorporated and incorporated partnerships.  Unincorporated Partnerships are essentially a contractual relationship or arrangement between two or more persons, as...

Corporate_Tax
TimeLine for the Tax Registration for Corporate Tax for Resident Juridical Persons In United Arab Emirates

TimeLine for the Tax Registration for Corporate Tax for Resident Juridical Persons In United Arab Emirates

=>Date o License issuance irrespective of year of issuance =>Date of issued in January Deadline for Submitting To UAE Corporate Tax Before 31 May 2024 =>Date of issued in February Deadline for Submitting To UAE Corpor...

Corporate_Tax
If a business has earned taxable income of AED 1 million, what will be the UAE Corporate Tax amount payable?

If a business has earned taxable income of AED 1 million, what will be the UAE Corporate Tax amount payable?

The Corporate Tax liability will be calculated as follows: ● Taxable income of AED 375,000 (amount to be confirmed in a Cabinet Decision) subject to Corporate Tax at 0%: AED 375,000 x 0% = AED 0 ● Taxable income ex...

Corporate_Tax
What is a Qualifying Free Zone Person?

What is a Qualifying Free Zone Person?

To be treated as a Qualifying Free Zone Person, the Free Zone entity must: 1. Maintain adequate substance in the UAE; 2. Derive Qualifying Income as specified in a Cabinet Decision; 3. Comply with transfer pricing rules ...

Corporate_Tax
What is the accrual basis of accounting mentioned in the Corporate Tax Law?

What is the accrual basis of accounting mentioned in the Corporate Tax Law?

This means that sales are recognized at the point of sale, regardless of whether the price of the goods sold is collected or not As another example, employees' salaries for the current month are recognized at the end of...

Corporate_Tax
Will financial statements need to be prepared on an accruals basis?

Will financial statements need to be prepared on an accruals basis?

Taxpayers should prepare their financial statements, and determine their taxable income on an accruals basis, unless they are permitted to use the cash basis of accounting instead. The Minister may prescribe the instance...

Corporate_Tax
When will a foreign company be considered a resident person As Corporate Tax Law in United Arab Emirates?

When will a foreign company be considered a resident person As Corporate Tax Law in United Arab Emirates?

A foreign juridical person may be treated as a UAE resident for Corporate Tax purposes and subject to UAE Corporate Tax on its income sourced from both the UAE and abroad if it is effectively managed and controlled in th...

Corporate_Tax
all dividends and other profit distributions earned from UAE juridical persons exempt from UAE Corporate Tax As Corporate Tax Law In United Arab Emirates

all dividends and other profit distributions earned from UAE juridical persons exempt from UAE Corporate Tax As Corporate Tax Law In United Arab Emirates

Domestic dividends and other profit distributions earned from UAE juridical persons are exempt from UAE Corporate Tax, irrespective of the level of ownership in the UAE juridical person paying the dividend or profit shar...

Corporate_Tax
A new decision from the Federal Tax Authority no 3 of 2024

A new decision from the Federal Tax Authority no 3 of 2024

"The deadline to register for corporate tax is approaching At least three months from now" ...

Corporate_Tax
Will the income of UAE branches of a UAE business be subject to UAE Corporate Tax?

Will the income of UAE branches of a UAE business be subject to UAE Corporate Tax?

Yes. The income of UAE branches will be included in the taxable income and UAE Corporate Tax return of their UAE “parent” or “head office”. ...

Corporate_Tax
What records should I keep for UAE CT purposes?

What records should I keep for UAE CT purposes?

Taxpayers are expected to prepare and maintain financial statements for the purposes of calculating their taxable income, and should maintain all documents and records that support the information in the CT return or in ...

Corporate_Tax
Who is considered non-resident for UAE CT purposes?

Who is considered non-resident for UAE CT purposes?

Under the Corporate Tax Law, a juridical person is considered a non-resident if it is incorporated in a foreign country and is effectively managed and controlled outside the UAE. A natural person is considered a non-resi...

Corporate_Tax
What does it mean to have a separate legal personality?

What does it mean to have a separate legal personality?

Separate legal personality means that the entity has its own rights, obligations and liabilities. As a consequence, the owners of the juridical person would typically have limited liability when it comes to the debts and...

Corporate_Tax
The standards must be used to prepare financial statements.

The standards must be used to prepare financial statements.

For UAE Corporat Tax purposes, the financial statements of UAE entities and other businesses should be prepared in accordance with accounting standards accepted in the UAE. International Financial Reporting Standards IFR...

Corporate_Tax
The foreign companies and other juridical persons and UAE Corporate Tax.

The foreign companies and other juridical persons and UAE Corporate Tax.

Foreign entities that operate in the UAE through a permanent establishment or that are considered resident in the UAE for CorporateTax purposes will be subject to UAE Corporate Tax. Merely earning UAE sourced income woul...

Corporate_Tax
The transfer pricing rules apply to both domestic and cross border transactions with Corporate Tax

The transfer pricing rules apply to both domestic and cross border transactions with Corporate Tax

Transfer pricing rules apply to UAE businesses that have transactions with Related Parties and Connected Persons, irrespective of whether the Related Parties or Connected Persons are located in the UAE mainland, a Free ...

Corporate_Tax
The salary an individual earns from his job and corporate tax in the UAE.

The salary an individual earns from his job and corporate tax in the UAE.

UAE Corporate Tax will not apply to an individual’s salary and other employment income . Employment may include a continuing service relationship where all or most of the income of the individual is derived from one cu...

Corporate_Tax
The Withholding tax in UAE Corporate Tax

The Withholding tax in UAE Corporate Tax

Withholding tax is a form of Corporate Tax collected at source by the payer on behalf of the recipient of the income. Withholding taxes exist in many tax systems and typically apply to the cross-border payment of dividen...

Corporate_Tax
Tax Losses and UAE Corporate Tax

Tax Losses and UAE Corporate Tax

A loss for Corporate Tax purposes (Tax Loss ) would arise when the total deductions a business can claim are greater than the total income that is subject to tax for the relevant Tax Period, resulting in negative taxable...

Corporate_Tax
UAE Corporate Tax Rate for Person in Freezone

UAE Corporate Tax Rate for Person in Freezone

If the person, whether a natural or legal person, is qualified and achieves a qualified income, the rate is 0%, and if he achieves any non-qualified income, a rate of 9% is calculated on him, up to the permissible limit....

Corporate_Tax
Does a person licensed in the free zone have to register for corporate income tax?

Does a person licensed in the free zone have to register for corporate income tax?

Yes, the person licensed in the free zone must register for corporate tax, whether he is a natural person or a legal person, and submit tax returns, unless he is an exempt person according to the law. ...

Corporate_Tax
Small businesses Relief for UAE Corporate Tax.

Small businesses Relief for UAE Corporate Tax.

In addition to a 0% Corporate Tax rate for taxable income up to and including AED 375,000, small businesses with revenue below 3 Million can claim ‘small business relief’ and be treated as having no taxable income du...

Corporate_Tax
Will companies have to pay corporate tax in addition to the taxes imposed on them locally at the emirate level?

Will companies have to pay corporate tax in addition to the taxes imposed on them locally at the emirate level?

Companies operating in the field of extracting the natural resources of the United Arab Emirates and in some non-extractive activities that are subject to taxes at the emirate level will be outside the scope of the UAE t...

Corporate_Tax
What is the meaning of transfer price in corporate tax in the United Arab Emirates?

What is the meaning of transfer price in corporate tax in the United Arab Emirates?

The meaning of the transfer price is that the price between the legal or natural person and each of the related parties or connected parties is a fair price as if the person is dealing with an external party with whom h...

Corporate_Tax
What transfer pricing methodologies can be used to determine the arm's length value and aproval in Corporate Tax in U.A.E ?

What transfer pricing methodologies can be used to determine the arm's length value and aproval in Corporate Tax in U.A.E ?

Generally, taxpayers are required to apply one or more of the following methodologies to determine the arm’s length values for transfer pricing purposes: 1. The comparable uncontrolled price method. 2. The resale pri...

Corporate_Tax
Who are Connected Persons?

Who are Connected Persons?

Connected Persons are different from Related Parties.   A person will be considered “connected” to a business that is within the scope of UAE CT if they are:  1. The owner of the business;   2. A director or ...

Corporate_Tax
Who are Related Parties?

Who are Related Parties?

Generally, Related Parties of an individual refer to the individual's relatives as well as companies in which the individual, alone or together with their Related Parties, has a controlling ownership interest (typically ...

Corporate_Tax
What are transfer pricing rules?

What are transfer pricing rules?

Transfer pricing rules seek to ensure that transactions between Related Parties are carried out on arm’s length terms, as if the transaction was carried out between independent parties. To prevent the manipulation of t...

Corporate_Tax
I do have a company is dormant, do I have to Submit a UAE Corporate income Tax return?

I do have a company is dormant, do I have to Submit a UAE Corporate income Tax return?

Taxpayers are required to file a Corporate Tax return, irrespective of the level of income or the status of the company. ...

Corporate_Tax
I have a company that does not generate any income and the company is inside the UAE. Do I have to register for corporate tax and submit a tax return?

I have a company that does not generate any income and the company is inside the UAE. Do I have to register for corporate tax and submit a tax return?

All companies within the UAE must register for corporate tax and submit a tax return, regardless of income level or company status. ...

Corporate_Tax
Will UAE investment income earned by a foreign investor be subject to UAE Corporate Tax?

Will UAE investment income earned by a foreign investor be subject to UAE Corporate Tax?

Income from dividends, capital gains, interest, royalties and other investment returns earned by foreign juridical persons or individuals will not be subject to UAE Corporate Tax, unless such income can be attributed to ...

Corporate_Tax
Will an individual be subject to UAE Corporate Tax on investment returns?

Will an individual be subject to UAE Corporate Tax on investment returns?

UAE and foreign individuals will not be subject to UAE Corporate Tax on dividends, capital gains and other income earned from owning shares or other securities in their personal capacity. ...

Corporate_Tax
What is a Tax Period?

What is a Tax Period?

Given Corporate Tax is imposed on an annual basis, it is necessary to specify the “Tax Period”. The Tax Period will normally be the Financial year start in 1 june 2023 or after (i.e. from 1 January to 31 December), ...

Corporate_Tax
When is the tax period for a natural person who carries out a commercial activity?

When is the tax period for a natural person who carries out a commercial activity?

The tax period for a natural person begins on January 1 of each year and ends on December 31 of each year. The first tax period is the year 2024 ...

Corporate_Tax
Will UAE entities owned by UAE or GCC nationals be subject to UAE Corporate Tax?

Will UAE entities owned by UAE or GCC nationals be subject to UAE Corporate Tax?

Yes – the UAE Corporate Tax does not differentiate between nationality or residence. Juridical persons that are incorporated or resident in the UAE, or that have a permanent establishment in the UAE, will be subject to...

Corporate_Tax
Will I continue to pay service fees to local and Federal Governments now that the UAE has introduced Corporat Tax?

Will I continue to pay service fees to local and Federal Governments now that the UAE has introduced Corporat Tax?

Yes. Applicable service fees will continue to be payable to the relevant Emirate and Federal Governments. Business set up, licence renewal and other Government fees and charges incurred wholly and exclusively in the ...

Corporate_Tax
What UAE Corporate Tax adjustments to the financial statements will be required to calculate taxable income?

What UAE Corporate Tax adjustments to the financial statements will be required to calculate taxable income?

The accounting net profit (or loss) would need to be adjusted for the items prescribed in the UAE Corporate Tax Law, including: 1. Unrealised gains/losses (subject to the election made regarding the application of the r...

Corporate_Tax
What is the tax rate if the annual net profit after tax adjustments is 500,000 dirhams for a person inside the UAE?

What is the tax rate if the annual net profit after tax adjustments is 500,000 dirhams for a person inside the UAE?

A value of 0% is calculated on the amount of net profit that equals 375,000 dirhams, and in excess of that amount, a rate of 9% is calculated. So the tax becomes = 500,0000 - 375,0000 = 125,000 by multiplying by 9%, so ...

Corporate_Tax
I am a person employed by a company and I have a private business without a license. Do I have to register for tax?

I am a person employed by a company and I have a private business without a license. Do I have to register for tax?

Yes, every natural person who carries out a commercial activity must register for income tax if his annual income exceeds one million dirhams, and the salary, real estate investment, and personal investment according to ...

Corporate_Tax
What expenditure will be non-deductible for the purposes of calculating taxable income?

What expenditure will be non-deductible for the purposes of calculating taxable income?

Article 33 of the UAE Corporate Tax Law lists certain specific expenses for which no deduction will be allowed, such as bribes, fines and penalties, and no deduction is available for expenditure incurred in deriving inco...

Corporate_Tax
What is the tax rate for legal or natural persons within the free zone?

What is the tax rate for legal or natural persons within the free zone?

"The tax is calculated on the net profit after the adjustments that must be made to the net profit to reach the tax base. The tax rate on qualifying net income is 0%. The tax rate on non-qualifying net income is 9%." ...

Corporate_Tax
What is the tax rate for legal or natural persons within the United Arab Emirates?

What is the tax rate for legal or natural persons within the United Arab Emirates?

"The tax is calculated on the net profit after the adjustments that must be made to the net profit to reach the tax base. The tax rate is 0% for the amount of net profit up to 375,000 AED The tax rate is 9% for the amo...

Corporate_Tax
Are UAE branches separate juridical persons?

Are UAE branches separate juridical persons?

No. UAE branches of a domestic or a foreign juridical person are an extension of their parent or head office and, therefore, are not considered separate juridical persons....

Corporate_Tax
What expenditure will be deductible for the purposes of calculating taxable income?

What expenditure will be deductible for the purposes of calculating taxable income?

In principle, all legitimate business expenses incurred to derive taxable income will be deductible, although the timing of the deduction may vary for different types of expenses and the accounting method applied. ...

Corporate_Tax
What is taxable income?

What is taxable income?

The taxable income for a Tax Period is the accounting net profit (or loss) also caled net Income of the business, after making adjustments for certain items as defined in the Corporate Tax Law. ...

Corporate_Tax
Do I have to register before 12/31/2023 to avoid violations?

Do I have to register before 12/31/2023 to avoid violations?

Registration is open, but there are no violations, and the violations begin after the end of the period allowed for submitting the first tax report....

Corporate_Tax
Will individuals be subject to UAE Corporate Tax?

Will individuals be subject to UAE Corporate Tax?

Only individuals who engage in a business or business activity as per a Cabinet Decision that will be issued in due course will be subject to UAE Corporate Tax. Individuals engaged in other activities will generally be ...

Corporate_Tax
What is Corporate Tax?

What is Corporate Tax?

Corporate Tax is a form of direct tax levied on the net income or profit of corporations and other businesses. Corporate Tax is sometimes also referred to as Corporate Income Tax or Business Profits Tax in other juris...

Corporate_Tax
What is a juridical person?

What is a juridical person?

A juridical person is an entity established or otherwise recognised under the laws and regulations of the UAE, or under the laws of a foreign jurisdiction, that has a legal personality separate from its founders, owners ...

Corporate_Tax
Who is a Natural Person?

Who is a Natural Person?

The term “Natural Person” in the Corporate Tax Law means an individual. ...

Corporate_Tax
What is a Business or Business Activity Corporate Tax In UAE ?

What is a Business or Business Activity Corporate Tax In UAE ?

The terms Business and Business Activity as defined in the Corporate Tax Law identify when the activities of certain persons give rise to a UAE Corporate Tax liability by considering the person to be a taxable person. an...

Corporate_Tax

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