Taxation

Corporate Tax on Small Business Relief in UAE-2024 Guide to Eligibility and Claims

This relief system, outlined in Article 21 of the Federal Decree-Law No. 47 of 2022, allows eligible small businesses to treat their taxable revenue as zero for a particular tax period. This results in zero rate corporate tax payments for the relevant period, which is a significant advantage for small businesses.

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Double-VAT-Taxation-on-Supplies-in-Designated-Zones

FTA’s New Move Relieved Tax Registrants from Double VAT Taxation on Supplies in Designated Zones

A Quick Recap Free zones are certain set geographic areas with security measures in place to watch the movement of goods and people. VAT applies throughout the UAE but not designated free zones, a specific area assigned to be outside the UAE for Value Added Tax (VAT) purposes. According to the document published by the

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