Blog

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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corporate tax update 2024 UAE, corporate tax 2024 penalty, Maats accountants
29 Feb 24

Timeline for Submitting Corporate Tax Registration Application For Business In UAE

Timeline for Submitting Corporate Tax registration application for business in the UAE All Taxable Person shall apply for Corporate Tax Registration in accordance with the timelines prescribed by the federal tax authority which are as follows. Timeline for Resident Juridical Persons (Existing licensees incorporated before 01st March 2024) Date of issue of License Deadline for […]
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06 Jan 24

Office Spaces in DMCC: Tailoring Your Business Environment

Understanding DMCC Office Spaces: A Spectrum of Possibilities Within DMCC, a spectrum of office spaces awaits, offering tailored solutions for businesses of every scale. Dynamic coworking spaces provide flexibility and collaboration hubs for startups and freelancers. Private offices offer dedicated, secure environments, ideal for SMEs seeking privacy and professionalism. For large enterprises, corporate suites present […]
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challenges in mainland company formation, maats accountant and consultants
27 Nov 23

Common Challenges in Mainland Company Formation: How To Overcome Them With Expert Business Setup Consultant

In the dynamic landscape of business, setting up a mainland company presents entrepreneurs with a myriad of opportunities and challenges. While the prospect of tapping into a broader market and enjoying increased flexibility is enticing, it’s essential to be aware of the common challenges associated with mainland company formation. Here, we outline the challenges and […]
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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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free zone company setup, free zone business setup, business setup in UAE
22 Aug 23

Benefits of Establishing a Free Zone Company in UAE

If you’re an expat with those grand business ambitions and a penchant for the Middle East, then consider establishing a free zone company in Dubai! A free zone opens a gateway to a world of unprecedented advantages and incentives, making it an appealing option for businesses looking to expand or set up operations in the […]
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