Corporate Tax in UAE: How to Avoid the Penalties?

The UAE is implementing a new corporate tax, and businesses need to take extra precautions to ensure they are fully compliant with local laws. Failure to do so can result in hefty penalties, including fines and even imprisonment. To avoid these consequences, businesses should consider hiring an accounting and tax service provider that is well-versed […]

MOF Levy Federal Corporate Tax in UAE from June 2023

MOF Levy Federal Corporate Tax in UAE from June 2023 On 31st January 2022, the Ministry of Finance announced a federal corporate tax on business net profits that will take effect in June 2023. The taxes on corporate profits will be applicable to the financial year beginning on or after June 1, 2023. The regulatory […]