UAE clarifies corporate tax on Residents undertaking a business or business activity
17 May 2023 | BMS Auditing UAE
Individuals conducting business activities will be subject to Corporate Tax registration only if their turnover exceeds AED 1 million in a calendar year.
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UAE Clarifies Corporate Tax Registration and Application for Exemption
05 May 2023 | BMS Auditing UAE
UAE issued decision on timeline for Corporate tax exemption application for exempted entities.
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UAE Issues Corporate Tax Exemption for Public Benefit Entities
25 Apr 2023 | BMS Auditing UAE
The CT exemption for Public Benefit Entities would be effective from the beginning of the Tax Period
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MoF announces Relief for Small Businesses from Corporate Tax UAE
08 Apr 2023 | BMS Auditing UAE
The Ministry of Finance issued a cabinet decision on Small Business Relief for Corporate Tax and business purposes (“Corporate Tax Law”).
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UAE: FTA Opens Pre-Registration for Corporate Tax through EmaraTax Platform
23 Jan 2023 | BMS Auditing UAE
The FTA opens pre-registration for corporate tax through the EmaraTax platform starting from January 2023.
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UAE: ESR Notification Deadline for Entities with Financial Year Ending 2021 is December 31, 2022
27 Dec 2022 | BMS Auditing UAE
Comply with Economic Substance Regulations Before 31st December 2022 to Avoid Penalties
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UAE: Corporate Tax of 15% will be imposed on Large Multinational Enterprises in UAE
26 Dec 2022 | BMS Auditing UAE
Any group company with a global turnover of more than 2.70 billion Dirham is liable to a minimum CT of 15%
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UAE: FTA announces VAT changes in Gold and Diamond sector
08 Dec 2022 | BMS Auditing UAE
This amendment is applied for the period from June 1, 2018 to December 31, 2022 and will be re-applied starting from January 1, 2023.
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UAE: Change of minimum salary in 'Golden Visa UAE' causes a spike in Demand
23 Nov 2022 | BMS Auditing UAE
Long-term residents describe how their lives have altered due to this update since receiving a 10-year UAE Golden visa.
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