Read the latest articles about bookkeeping, digitalisation, and business development.
Most articles on this subject still print the 2024 deadline table as though it were a countdown. Every date in it has passed. Here is the rule that governs a company registering today, and what happens if your own deadline is behind you.
Corporate tax arrived in the UAE for financial years beginning on or after 1 June 2023. It is 0 per cent on taxable income up to AED 375,000 and 9 per cent above that, and registration applies far more widely than the tax itself.
Deregistration is an obligation with its own deadline, not an optional tidy up. Where it is mandatory, the application must reach the FTA within 20 business days of the obligation arising.
Your VAT return and the payment that goes with it are due within 28 days of the end of your tax period. Here is how the FTA sets that period, what filing involves, and where businesses lose money on avoidable penalties.
UAE VAT is charged at 5 per cent, and registration becomes mandatory once your taxable supplies and imports pass AED 375,000 a year. Here is who must register, who can register voluntarily, and what the process involves.
