UAE VAT on Healthcare Services. Part I-Hospitals and Clinics
UAE VAT on Healthcare services. Part II- Ancillary services
UAE VAT on Health care services-Part III
Permanent Establishment in UAE
Nanotech International is a Non-Resident company incorporated in the US, specializing cybersecurity solutions. It has a branch office in Dubai, focusing on market research and client acquisition. The Dubai office also has a small team that provides technical support to local clients. Its latest Balance sheet shows Office Equipment AED 8 million, Inventory 5 million,Office […]
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 […]
Individuals and UAE Corporate tax
When does Corporate Tax Law apply to natural persons? A natural person refers to a living human person of any age, whether resident in the UAE or elsewhere. For minors or incapacitated individuals, the Corporate Tax obligations shall be fulfilled by their Legal Representative. A natural person is subject to Corporate Tax on their Business […]
UAE Corporate Tax-Interest and entertainment expenses-a case study
XYZ Technology LLC Location: Dubai Extracts from Financial Statements: Break up of G&A expenses: Salaries and employee benefits : 2 million Depreciation : 1 million Hotel expenses for a Customer visit : 100,000 Other Operating expenses : 3.9 million Calculation of Taxable Income and Tax payable: Revenue : 14 million Less: Salaries & benefits : […]
Case study on UAE Corporate Tax-Taxable Income
ABC Ltd,a company based in the UAE, has the following figures from the profit and loss a/c Revenue AED 20 million Cost of Goods sold AED 9 million General & Admin expenses AED 4 million Entertainment expenses AED 300,000 (not included in G&A exp.) Net profit AED 6,700,000 Break up of entertainment expenditure: (1) Related […]
Treatment of Dividend under UAE Corporate Tax
This guide should be read by Taxable Persons who receive Dividends from a Resident juridical person, and income or gains from a Participating Interest. A Taxable Person includes both juridical persons and natural persons where the income is not their Personal Investment income Dividend can be Ordinary, In kind, Other distributions (Redemption and buyback of […]