UAE VAT Updates: 13 Key Changes in 2023

  There have been some changes to specific provisions of the UAE Value Added Tax (VAT) regime announced by the UAE Ministry of Finance. The Federal Decree-Law No. 18 of 2022 introduces 24 changes.   VAT  is a type of indirect tax based on general consumption. Most countries impose VAT on […]

Impact of Corporate Tax on UAE Free Zone Companies

Corporate Tax for UAE Free Zone

Introduction According to the recent law changes in the UAE, specifically Federal-Decree Law No. 47 of 2022, corporations, including free zone entities, are soon going to be taxable in the UAE. As per the law, businesses will be liable for corporate tax from the beginning of their financial year, starting on or […]

UAE Corporate Tax Law: Overview of the Federal Decree-Law No. 47 of 2022

UAE Corporate Tax - Overview of the federal decree-law n47 of 2022

On 9 December 2022, the Ministry of Finance released the Federal Decree-Law No. 47 of 2022. ‘Taxation of Corporations and Businesses’ in the public domain. The corporate tax (CT) law guides regarding different aspects of corporate tax and its implications on UAE businesses. A cabinet decision is awaited to provide further […]