How Can Corporate Tax Consultants Help Your Business Save Money?
Dealing with corporate taxes can be tough for many companies. As tax rules keep changing, getting help from corporate tax experts is useful. Here’s how Corporate Tax Consultants In Dubai can help your business cut costs: Improving Tax Plans One main way tax advisors help businesses is by making their tax plans better. These […]
Maintaining Adequate Substance for Freezone Businesses
Maintaining Adequate Substance for Freezone Businesses profitrackaccounting.com August 30, 2024 Blog,Business & Finance,Corporate Tax,Freezone Accounting,Taxation In the dynamic environment of Freezone businesses, maintaining adequate substance is critical for ensuring compliance with the UAE’s Corporate Tax Law. This blog explores the requirements and practical steps for businesses to uphold adequate substance within a Freezone. What is […]
Is a Director’s Salary Deductible Under the UAE Corporate Tax Law?
Is a Director’s Salary Deductible Under the UAE Corporate Tax Law? profitrackaccounting.com August 14, 2024 Blog,Corporate Tax,Insight,Strategy,Taxation As businesses in the UAE adapt to the new corporate tax regime, a key area of focus is understanding which expenses are deductible when calculating taxable income. One common question that arises is whether a director’s salary is […]
Understanding Public Tax Clarification on First Tax Period of a juridical person by FTA (CTP003)
Understanding Public Tax Clarification on First Tax Period of a juridical person by FTA (CTP003) profitrackaccounting.com July 31, 2024 Blog,Corporate Tax,Insight,Taxation The Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Business, which applies to tax periods starting on or after June 1, 2023, establishes the framework for the Public Tax Clarification […]
Understanding the Implications of Black Points for Tax Agents in UAE
Understanding the Implications of Black Points for Tax Agents in UAE profitrackaccounting.com July 12, 2024 Blog,Corporate Tax,Insight,Taxation Tax agents play a crucial role in assisting businesses with their tax obligations, but what happens when they fail to meet the expected standards? Federal Tax Authority Decision No. 1 of 2024 introduces the concept of black points […]
VAT Public Clarification VATP037: Directors’ Services by Natural Persons
VAT Public Clarification VATP037: Directors’ Services by Natural Persons profitrackaccounting.com July 1, 2024 Blog,Corporate Tax,Insight,Taxation,VAT Introduction: VATP037 replaces the previous VATP031 to provide guidance on the VAT implications for natural persons performing the function of a Director on a Board of Directors, following the amendment of Article 3 of the Cabinet Decision No. 52 of […]
Corporate Tax Registration Timeline: Key Dates and Procedures
Corporate Tax Registration Timeline: Key Dates and Procedures profitrackaccounting.com June 17, 2024 Blog,Corporate Tax,Taxation The Federal Tax Authority (FTA) of the UAE has outlined the timeline for the registration of taxable persons for corporate tax purposes under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. The following is a concise […]
Simplifying Corporate Tax Registration in the UAE: A Guide by Profitrack Accounting
Simplifying Corporate Tax Registration in the UAE: A Guide by Profitrack Accounting profitrackaccounting.com June 9, 2024 Blog,Corporate Tax,Taxation Navigating the landscape of corporate tax registration can be a daunting task for businesses. At Profitrack Accounting, we understand the complexities involved and are here to guide you through the process, ensuring compliance and efficiency. In this […]
