UAE Corporate tax: Small business relief
UAE Corporate Tax: Small Business Relief Eligibility: Any resident taxable person whose revenue does not exceed AED 3 million in the relevant tax period and all the previous tax periods ending 31 December 2026. Major conditions: Exceptions: Example:ABC started business in Ajman in the year January 2024 and derived a revenue of AED 2 million. […]
UAE Corporate Tax:Connected Persons
Company Name: Beta Innovations LLCActivity: Software developmentLocation: Dubai Key persons:CEO: MarkCFO: GiriMajor shareholder : Sarah (61%)Minor Shareholder: Emily (11%)Q1. Is Mark a Connected person of Beta Innovations? Yes. Director or Officer of the companyQ2. Is Giri, a connected person? Yes, Director or Officer of the companyQ3. Is Sarah, a connected person? Yes, owns 60% of […]
Individual and UAE Corporate tax:Influencer-a case study
A natural person, Mr. A, based in the UAE, creates content on various social media platforms. They earn money from and through these platforms. One source of income comes from collaboration with brand owners to create sponsored content and from participating in brand campaigns. In such collaborations, they negotiate payment terms with the brand, which […]