LMKG Chartered Accountants’ Post

🏢 UAE's Corporate Tax Guide for Real Estate Investors Key Highlights: 🔑 Natural persons' real estate investment income is excluded from Corporate Tax if no license is required 📊 Applies to: - Property sales - Leasing/renting - Sub-leasing activities 💫 Main Benefits: - No Corporate Tax regardless of income amount - Applies to UAE and foreign properties managed from UAE - Joint ownership income can qualify for exclusion ⚠️ Important Notes: - Must not require a business license - Property management through licensed companies doesn't affect exclusion - Common expenses must be fairly apportioned between taxable/non-taxable activities 🏷️ Threshold Reminder: - AED 1M turnover threshold applies only to business activities - Real estate investment income excluded from threshold calculation 📱 For detailed consultation: WhatsApp: +923337011234 #UAETax #RealEstateInvestment #CorporateTax #UAEBusiness #PropertyInvestment #TaxPlanning #DubaiRealEstate #UAEProperty Feel free to message me for queries about property investment tax implications in the UAE! 🤝

**Important Update: UAE Tax Records** Great news for UAE businesses! Leverage the grace period to update your tax records without penalties. Don't miss this opportunity to streamline your financial operations. https://carvydubai.com/ #UAETax #TaxRelief #TaxCompliance #UAEBusiness #FinancialPlanning #TaxAdvisory

Let's Master 𝐔𝐀𝐄 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐓𝐚𝐱 in 8 days UAE Corporate Tax 🇦🇪 | Post 3/8 🌟 Taxable Income in the UAE ✅Income Sources Taxable income includes all earnings including salaries, business profits, investment returns, and rental income. ✅ Deductions Business Expenses & Operational Costs and Allowances like employee benefits. Non-deductible expenses: 🔹Capital nature 🔹Fines & Penalties 🔹Dividend/Profit Distributed 🔹Bribes or other illicit means 🔹Donations to Non-Qualifying Entities (like Private Co.s, Foreign Entities, Certain Non-Extractive Businesses, Non-Qualifying Public Benefit Entities, Entities Failing to Meet Exemption Condition) 🔹Recoverable input VAT 🔹Taxes imposed outside VAT 🔹Expenses Related to Exempt Income 🔹Personal Expenses 🔹Entertainment expense (50%) 🔹Interest Expense (30% of EBITDA allowable) 🔹Owners remuneration except if there is Need, Services actually provided and Same market value. ✅ Losses Can carry forward losses up to 5 years 🔹losses incurred before effective date of CT not eligible 🔹can transfer tax losses b/w group entities with at least 75% common ownership Notes: ➡️No tax on Foreign branch profits if those profits have been subject to tax overseas at a rate of at least 9%. Isn't that simple? See you on next! #UAE #Taxation #UAECorporateTax #Finance #TaxableIncome #IncomeTax #BusinessStrategy #TaxDeductions #FinancialPlanning #TaxRelief

⭕ WHY INVEST IN UAE ✅ Tax Incentives In the United Arab Emirates, there is no (income tax, capital gains tax, wealth tax), which allows maximum returns for investors and businessmen. #simplehomerealestate #realestate #dubairealestate #investinrealestate #investinuae #investindubai #استثمار_عقاري #عقارات_الامارات #عقارات_دبي #عقارات #استثمر #استثمر_في_الامارات #استثمر_في_دبي

Why Register for Tax in the UAE? 1. Legal Compliance: Stay within UAE laws and avoid penalties. 2. Credibility: Boost trust with clients and partners. 3. Tax Benefits: Access exemptions and deductions. 4. Double Taxation: Avoid being taxed twice. 5. Global Access: Enhance international business opportunities. 6. Government Contracts: Qualify for tenders and contracts. 7. Professional Image: Project a credible and compliant business. Example: ABC Trading expanded globally by leveraging UAE tax registration and double taxation agreements, boosting their market presence.* Registering for tax in the UAE ensures compliance and unlocks strategic benefits for your business.* #UAEbusiness #TaxRegistration #BusinessBenefits #TaxCompliance*

How Does Corporate Tax Affect foreign investors in the UAE? Let’s Break it Down! 🌍💼 investment Climate 🏙 Corporate tax adds compliance but boosts transparency, attracting foreign investment. Tax Rates 📊 Competitive rates make the UAE appealing for investors. Tax Treaties 🤝 Double taxation treaties help prevent extra taxes on income. Impact on Profits 💰 While it may reduce profits, smart tax management can maximize returns. Compliance 📋 Understanding new regulations is key to avoiding penalties. Growth Potential 🚀 the UAE remains a hub for growth despite corporate tax. Don't miss out on the opportunities the UAE hasto offer! 🚀 Contact us now! 📲+971 56 293 7373 ✉ [email protected] 🌐https://lnkd.in/dbFXbNBm #CorporateTax #foreigninvestment #UAE #BusinessOpportunities #investSmart #EntrepreneurTips #Financialinsight #UAEFinance

💡 Understanding Deductible vs. Non-Deductible Expenses in UAE Corporate Tax 💡 ✅ When calculating taxable income under UAE Corporate Tax, not all expenses are allowed. Here’s a quick guide to help you navigate: ✅ When calculating Taxable Income under UAE Corporate Tax, it’s essential to know that not all expenses are deductible. Deductible expenses must be wholly and exclusively for business purposes, such as local taxes, depreciation, and payments to related persons at market value. In contrast, non-deductible expenses include capital expenditures, fines, bribes, and donations to non-Qualifying Public Benefit Entities. ✅ Understanding these distinctions is key to accurate tax reporting and compliance. If you have any questions or need assistance, our tax team is here to help! #UAE #CorporateTax #TaxCompliance #TaxDeduction #BusinessExpenses #TaxTips #UAEFinance #TaxAdvisory #TaxPlanning #BusinessTax #FinancialManagement #TaxReporting #UAEBusiness #DeductibleExpenses #NonDeductibleExpenses Dr. Abhishek Jajoo Komal Dhoot Vivek Mundhra Alok Bishnoi Rizwan Khan,MSC Financial Crime, Manchester Univ. (DFSA Approved Senior MLRO) CA Gaurav B. Rajkumar TR Mirza Almarzooq CA Vinit Jain Armughan Siddiqui Omar Samara Ajit Jain

⏳ Two Weeks to Transform Your Future! In just 14 days, you can have your company registered in the UAE and start enjoying: ✅ 0% personal income tax 💸 ✅ World-class infrastructure 🌟 ✅ Access to a booming economy 🌍 ✅ A business-friendly environment 🚀 Why wait? The benefits of doing business in the UAE are within your reach. 📩 DM us now and let’s get started! Your success story is just two weeks away. #UAEBusiness #CompanyRegistration #TaxFreeLife #BusinessOpportunities #GrowWithUAE

The latest guide on real estate investment for natural persons sets out to provide general guidance to natural persons that derive Real Estate Investment income in the UAE. The guide turns the spotlight specifically on the application of Cabinet Decision No. 49 of 2023 which excludes from Corporate Tax, the Real Estate Investment income derived by a natural person subject to certain conditions.   Cabinet Decision No. 49 of 2023 defines Real Estate Investment as any investment activity conducted by a natural person related directly or indirectly to the sale, leasing, sub-leasing, and renting of land or real estate property in the UAE that is not conducted, or does not require to be conducted, through a Licence from a Licensing Authority. Hence, the gross amount of income, and related expenditure, derived by a natural person from Real Estate Investment is excluded from Corporate Tax in the UAE.    At UHY James, we have on-board a team of seasoned tax experts who can assist you in navigating the complexities of the tax landscape. For a more comprehensive insight into the various aspects of the UAE tax landscape please reach out to us at: [email protected] #uhyjames #uhyinternational #uaetaxation #CorporateTax #realestate

The UAE's recent implementation of corporate tax marks a significant shift in its fiscal strategy. Here are few of the potential impacts of corporate tax on UAE economy: ✅𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐑𝐞𝐥𝐢𝐚𝐧𝐜𝐞 𝐨𝐧 𝐎𝐢𝐥: The new tax makes the UAE economy less reliant on oil. This means the fluctuations of oil prices won't hurt the economy as much, making it stronger and more flexible. ✅𝐏𝐫𝐨𝐦𝐨𝐭𝐞 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐆𝐫𝐨𝐰𝐭𝐡: The 9% tax rate, with exemptions for small businesses and startups, aims to create a competitive environment that encourages new ventures and technological advancements. ✅𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: The generated revenue will empower the government to invest in public services like education, healthcare, and infrastructure development. ✅𝐀𝐥𝐢𝐠𝐧𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬: The UAE's corporate tax regime aligns with international best practices, further solidifying its position as a global business hub. #UAECorporateTax #EconomicDiversification