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The UAE's Small Business Relief (SBR) scheme, which allows businesses with revenue of AED 3 million or less to pay zero corporate tax, is due to expire on 31 December 2026. No extension has been announced to date. Here is what this means for you: 2026 is the last year to benefit from the relief under current rules. Make the most of it. From 2027, standard corporate tax rates apply: 0% on profits up to AED 375,000, and 9% on anything above. From 2027, you will have to produce

One of the most common questions from UAE founders is whether to pay themselves a salary, take dividends, or use a combination of both. The answer depends on your company structure, immigration status, tax position, and long-term financial planning. How Each Works Salary A salary is a fixed monthly payment from the company to the founder as an employee. In the UAE, this is processed through the Wage Protection System (WPS) for mainland companies. The salary is treated as a de

Work through these questions in order to determine whether your business must register for VAT, may register voluntarily, or is not required to register. Step-by-Step Decision Questions Question Outcome 1. Does your business make taxable supplies in the UAE? YES: Continue to Question 2. NO: If you make only exempt supplies (such as certain financial services or bare land), VAT registration is generally not required. However, you may still need to register if you import goods

A practical reference for business owners and finance teams operating in the UAE. Use this checklist to confirm you have met all key corporate tax obligations. Who Does Corporate Tax Apply To? UAE Corporate Tax applies to all businesses and commercial activities conducted in the UAE, with the exception of certain exempt entities. The following are within scope: All UAE mainland companies (LLCs, sole establishments, partnerships) Free zone companies earning mainland-sourced in

Are you a real estate broker? Warning: reading this could potentially save you from a 500k fine. 7 step checklist to make sure you’re compliant with AML regulations. How to register for anti-money laundering supervision Avoid accusations of facilitating or financing terrorism Ensuring you don’t onboard criminal clients Risk assess your leads to avoid taking on headache clients Record keeping process to keep the auditors satisfied Ensure your accounting system records informat

In the United Arab Emirates (UAE), the requirement for companies to audit their financial statements is determined by specific criteria outlined in the corporate tax regulations and other applicable laws. The corporation tax guide of November 2024, which is available on the FTA website, provides more details. Below is a summary. Corporate Tax Regulations: According to Ministerial Decision No. 82 of 2023, the following categories of taxable persons are mandated to prepare and

Did you know that all companies in the UAE, whether they be mainland or freezone companies, have to register with the FTA for corporation tax. Even if they will never actually owe any tax. And if you fail to register on time, you will be hit with a 10k AED penalty. In the United Arab Emirates (UAE), the Federal Tax Authority (FTA) has established specific deadlines for businesses to register for Corporate Tax (CT). These deadlines vary based on the type of entity, its residen

In the rapidly evolving landscape of finance, businesses in the UAE are increasingly turning to artificial intelligence (AI) to enhance their accounting processes. The integration of AI into accounting not only simplifies complex tasks but also improves accuracy and efficiency. This blog post explores how AI can transform accounting practices in the UAE market, providing practical insights and examples for businesses looking to stay competitive. Understanding AI in Accounting

In today's competitive landscape, businesses are constantly seeking ways to enhance their financial management without incurring the costs associated with hiring a full-time Chief Financial Officer (CFO). This is where fractional CFO solutions come into play. These services provide expert financial guidance tailored to your business needs, allowing you to focus on growth and innovation. What is a Fractional CFO? A fractional CFO is a financial expert who works with your busi

Navigating the complex world of taxes can be daunting, especially in a dynamic environment like the UAE. With its unique tax structure and regulations, businesses often find themselves in need of expert guidance to maximize their tax benefits. This is where professional bookkeeping services come into play. By leveraging these services, companies can not only ensure compliance but also unlock significant tax advantages. Understanding the UAE Tax Landscape The UAE is known for