Taxation

June 02, 2023: On the D-day, Thursday, Jun 01, 2023, The UAE’s Ministry of Finance released two new decisions related to qualifying income and qualifying activities for corporate tax in free zones. Cabinet Decision No. 55 of 2023 on Qualifying Income Ministerial Decision No. 139 of 2023 Regarding Qualifying Activities and Excluded Activities Cabinet-Decision-No.-56-of-2023-on-Determination-of-a-Non-Resident-Persons-Nexus These […]

Navigating the complex world of taxation in Dubai can be challenging for businesses, particularly for those unfamiliar with the UAE’s intricate tax regulations. It’s crucial to partner with a reliable tax consultancy firm that can guide you through the process and ensure your business remains compliant with all applicable tax laws. However, finding the right […]

Corporate tax (CT) – In January 2022, the Ministry of Finance announced that it will introduce federal corporate tax (CT) on the net profits of businesses. The tax will become applicable either on 1 July 2023 or on 1 January 2024, depending on the financial year followed by the business. CT will be applied across […]

What is VAT and when is it to be implemented? VAT or Value Added Tax UAE is a consumption-based tax that is to be implemented from 1st January 2018 in the UAE. Announced through the Federal Decree – Law no. (8) of 2017 by the Ministry of Finance of UAE, the new VAT regulations state the […]

Save yourself from taxes and start a business in Dubai with Horizon Biz Consultancy. Businesses in the region have long enjoyed this tax haven. However, since 2018 taxation & VAT services UAE became obligatory after value-added tax (VAT) was introduced not just in the UAE but in most of the GCC countries. Simple regimes that companies need to […]