14 Nov 24

Grace Period – To Update Information In Tax Records

Grace period – To update information in tax records GRACE PERIOD ( Starting on 1 January 2024 & Ending on 31 March 2025) Registrants are required to inform the Federal Tax Authority within 20 business days of the occurrence of any event that might require the amendment of information related to their tax records kept by the […]
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small business relief in uae
08 Nov 24

Small Business Relief in the UAE

Small Business Relief In The UAE The provisions of the Corporate Tax Law shall apply to Tax Periods commencing on or after 1 June 2023. The Corporate Tax Law includes a specific relief for small Businesses Who can elect for small business relief Any eligible Taxable Person with Revenue below or equal to AED 3,000,000 in […]
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corporate tax penalties
18 Sep 24

Penalties For Violations Related To Corporate Tax Law

Penalties For Violations Related To Corporate Tax Law (Applicable from 1 March 2024) No. Description of Violation Administrative Penalty (AED) 1. Failure to keep the required records and other information One of the following penalties shall apply: 1. 10,000 for each violation. 2. 20,000 in each case of repeated violation within 24 months from the […]
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first tax period of juridical persons
30 Aug 24

First Tax Period Of a Juridical Person

The Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Business applies to Tax Periods commencing on or after 1 June 2023. 1 .First tax period of Juridical persons established under the Commercial Companies Law Application to the Federal Tax Authority to change the Tax Period is not required if the first […]
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corporate tax in UAE for natural persons
09 Aug 24

Corporate Tax In UAE For Natural Persons

The provisions of the Corporate Tax Law shall apply to Tax Periods commencing on or after 1 June 2023.  Where a juridical person has more than one License, the License with the earliest issuance date shall be used. Resident Person • Non-Resident Person with a Permanent Establishment in the UAE • Business Activity deriving a […]
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ifza free zone business setup, ifza dubai, maats consultants
25 Sep 23

A Comprehensive Guide to Registering a Company in IFZA Dubai

The International Free Zone Authority (IFZA) offers a dynamic and business-friendly environment for entrepreneurs looking to establish their presence in the United Arab Emirates (UAE). IFZA distinguishes itself as a highly desirable choice for establishing businesses due to its streamlined processes, flexible business packages, and strategic location. Whether you’re an SME, freelancer, or a large […]
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corporate tax services in Dubai
21 Dec 22

Introduction to Corporate Tax – 2023

Corporate Tax in Dubai from 1st June 2023 The UAE government issued a new decree regarding the implementation of Corporate Tax services in Dubai on 09 December 2022. The Corporate Tax in Dubai Law is effective for financial years starting on or after 1 June 2023. The new tax regime is introduced to further strengthen […]
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Emaratax in UAE, Maats consultants
24 Nov 22

Launching EmaraTax In UAE

The Federal Tax Authority of UAE is to launch EmaraTax, a new integrated platform on 5 December 2022 to further digitalise tax administration and provide a better experience for taxpayers in managing their tax obligations. EmaraTax in UAE will be a major milestone in the tax system which is being launched after a series of […]
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company setup in UAE
16 Nov 22

Types of Business Licenses in UAE

Business Licenses in Dubai Dubai has been a global business hub for years allowing every category of business to establish and flourish. Business setup in UAE is a convenient and straightforward process and does not take a long time to complete. A crucial step to Business setup in UAE is choosing a business activity and […]
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