UAE Tax Updates & News

Stay informed with the latest tax news, regulatory updates, and compliance requirements for UAE businesses. Get real-time updates on VAT, Corporate Tax, and other tax-related developments.

Breaking News

Showing 9 of 9 updates

Breaking
Corporate
High
UAE Corporate Tax Implementation: Key Deadlines for 2024
Important deadlines and compliance requirements for UAE Corporate Tax implementation in 2024.

The UAE Federal Tax Authority has announced key deadlines for Corporate Tax implementation in 2024. Businesses with financial years ending on or after June 1, 2023, must register for Corporate Tax wit...

Corporate TaxDeadlinesRegistration2024
Published: January 20, 2024Effective: June 1, 2024
Source: Federal Tax Authority
Vat
Medium
VAT Registration Threshold Remains Unchanged for 2024
FTA confirms VAT registration threshold stays at AED 375,000 for voluntary registration.

The Federal Tax Authority has confirmed that the VAT registration threshold will remain at AED 375,000 for voluntary registration in 2024. Mandatory registration threshold remains at AED 375,000 for t...

VATRegistrationThreshold2024
Published: January 18, 2024
Source: Federal Tax Authority
Breaking
Freezone
High
Corporate Tax Clarification for Free Zone Businesses
FTA provides clarification on Corporate Tax treatment for free zone businesses.

The Federal Tax Authority has issued clarification on Corporate Tax treatment for businesses operating in UAE free zones. Free zone businesses may be eligible for 0% Corporate Tax rate if they meet sp...

Free ZonesCorporate Tax0% RateSubstance
Published: January 15, 2024
Source: Federal Tax Authority
Vat
Medium
2024 VAT Return Filing Deadlines Announced
Updated VAT return filing deadlines and payment schedules for 2024.

The Federal Tax Authority has announced the VAT return filing deadlines for 2024. All VAT returns must be filed by the 28th day following the end of each tax period. Late filing penalties remain at AE...

VAT ReturnsDeadlinesPenalties2024
Published: January 12, 2024
Source: Federal Tax Authority
Legislation
High
New Transfer Pricing Guidelines Released
FTA releases comprehensive transfer pricing guidelines for related party transactions.

The Federal Tax Authority has released comprehensive transfer pricing guidelines that apply to Corporate Tax. The guidelines cover documentation requirements, arm's length principle application, and r...

Transfer PricingCorporate TaxRelated PartiesDocumentation
Published: January 10, 2024
Source: Federal Tax Authority
Compliance
Medium
Updated VAT Invoice Requirements Effective March 2024
New mandatory fields and requirements for VAT invoices starting March 1, 2024.

The Federal Tax Authority has announced updated VAT invoice requirements effective March 1, 2024. New mandatory fields include QR codes for electronic invoices, enhanced supplier information, and impr...

VAT InvoicesQR CodesElectronic InvoicingCompliance
Published: January 8, 2024Effective: March 1, 2024
Source: Federal Tax Authority
Corporate
Medium
Corporate Tax Loss Carryforward Rules Clarified
FTA clarifies rules for carrying forward tax losses under Corporate Tax regime.

The Federal Tax Authority has clarified the rules for carrying forward tax losses under the Corporate Tax regime. Losses can be carried forward indefinitely but are subject to certain limitations and ...

Corporate TaxLoss CarryforwardTax LossesOwnership
Published: January 5, 2024
Source: Federal Tax Authority
Vat
Low
Updated List of VAT Exemptions and Zero-Rated Supplies
FTA updates the list of VAT exemptions and zero-rated supplies for 2024.

The Federal Tax Authority has updated the list of VAT exemptions and zero-rated supplies for 2024. The update includes new categories for renewable energy equipment, educational services, and healthca...

VAT ExemptionsZero-RatedRenewable EnergyEducationHealthcare
Published: January 3, 2024
Source: Federal Tax Authority
Compliance
Medium
Updated Compliance Penalties for 2024
Revised penalty structure for tax compliance violations in 2024.

The Federal Tax Authority has announced updated penalty structures for tax compliance violations in 2024. The new structure includes graduated penalties based on the severity and frequency of violatio...

PenaltiesComplianceViolations2024
Published: January 1, 2024
Source: Federal Tax Authority

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