Corporate Tax Law
The UAE's new corporate tax law (CT ) will take effect on 1 June 2023
All businesses in the UAE (including Free Zone companies) are required to file tax returns with the Federal Tax Authority (FTA), irrespective of whether they are liable to pay any tax and even if they earn no income at all (as in the case of holding companies). To be able to file a tax return, all businesses will have to maintain proper financial and accounting records.
With this, IFZA urges all its Licensees to take this opportunity to align your processes with international business standards and begin implementing proper accounting systems from your current fiscal year onwards so that you will be able to comply with the Corporate Tax requirements.
We can provide you with more information and better advise by contacting our tax consulting specialist
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MARKEF is a leading Accounting Firm offering wide range of services including Accounting and Bookkeeping, Audit and Assurance, VAT and Corporate Tax, Business Consulting, Management Consulting, and Business Setup Services in Dubai and across United Arab Emirates.
- Office No.1929, Tamani Art's Offices Tower, Business Bay, Dubai, United Arab Emirates
- +971 4 589 2828
- +971 50 105 4241
- E-mail : info@markef.com
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Mon - Sat : 8:00 - 18:00
Sunday Closed
