Legal Foundation: Required under Article 55 of the Corporate Tax Law for reporting transactions with Related Parties and Connected Persons. Who Must Submit: All taxable entities engaging in transactions with Related Parties or Connected Persons must submit the form, regardless of unspecified materiality thresholds. Deadline for Filing: The form must be submitted with the tax […]
Rhodes & Collins presents a comprehensive guide to the Corporate Tax Law (Federal Decree-Law No. 47 of 2022) in the United Arab Emirates, effective from June 1, 2023. Stay informed about corporate taxation with our invaluable insights into registration, exemptions, and compliance. Corporate Tax Registration Essentials: 1. Who Needs to Register: Individuals, both citizens and […]
In the ever-evolving business landscape of the United Arab Emirates (UAE), enterprises often find themselves at crossroads necessitating a change in legal structure or the cessation of activities. Recognizing the need for adaptability, businesses can strategically navigate the Corporate Tax Deregistration process with Rhodes & Collins, a leading financial services provider in the UAE. The […]
The UAE’s recent implementation of Corporate Income Tax (CIT) has significant implications for businesses, both resident and non-resident. At Rhodes & Collins, we understand the importance of staying informed and compliant in this evolving tax landscape. Here’s a breakdown of key considerations and compliance guidelines: Navigating the UAE’s CIT landscape requires a thorough understanding of […]
In the dynamic business landscape of the United Arab Emirates (UAE), statutory audits play a crucial role in ensuring transparency, accountability, and compliance with regulatory requirements. At Canzaps, we recognize the importance of navigating the statutory audit process with precision and efficiency. Here’s a comprehensive overview of statutory audits and how they benefit companies in […]
The Ministry of Finance has recently announced significant updates to tax regulations in the United Arab Emirates (UAE), introducing a new penalty of Dh10,000 for late registration of corporate tax. This fine, announced through Cabinet Decision No. 10 of 2024, aims to incentivize timely compliance with tax regulations and aligns with penalties for late registration […]
The United Arab Emirates (UAE) is known for its dynamic business environment, attracting entrepreneurs and corporations from around the world. However, with the benefits of operating in the UAE come responsibilities, particularly in the realm of taxation. In this comprehensive guide, we’ll explore the intricacies of corporate tax and Value Added Tax (VAT) compliance in […]
