The introduction of the UAE Corporate Tax regime has brought clarity and structure to business taxation in the country. While most entities are subject to a standard tax rate of 9%, the law carves out several exemptions, particularly for sectors...
Category: UAE Taxation
Under the UAE Corporate Tax regime, businesses must clearly distinguish between allowable and non-allowable expenses when calculating their taxable income. One such category that receives particular scrutiny is entertainment expenses. While some entertainment costs are necessary for business operations, the...
The introduction of Corporate Tax in the UAE has significant implications for professional services firms, including legal consultancies, accounting firms, marketing agencies, architecture and engineering consultancies, IT service providers, and management consultants. These businesses, which operate on intellectual capital and...