Sonali Chaurasia’s Post

A UAE company with multiple branches in the UAE does not need to register each branch separately for UAE Corporate Tax. The company itself is considered a single taxable entity, and its tax liability will be calculated based on its overall income and expenses across all branches.  However, it's important to note that the company will need to maintain separate financial records for each branch to accurately track income, expenses, and other relevant financial information. This will help ensure accurate tax calculations and reporting. Additionally, if a branch operates in a free zone, it may have different tax implications due to the specific tax regimes applicable to free zones. It's advisable to consult with a tax professional to understand the specific requirements for your company's branches. #corporatetax #freezone #tax #taxuae #taxprofessional #taxcalculation #financialinformation #taxregime #corporatetaxuae

UAE introduces Corporate Tax, effective Jan 1, 2024, for all businesses. It's time to prep for CT compliance, understanding its benefits for revenue, competitiveness, and economic growth. Register by June 2023, keep accurate records, and understand tax rates & exemptions. Small Business Relief for revenues below AED 3 million. Free Zone entities, note special compliance requirements. Ready to navigate corporate tax? Ensure you're up to speed with regulations to leverage UAE's tax-friendly advantages. #UAECorporateTax #BusinessGrowth #TaxPreparation #economicdevelopment

Do you want to know more about corporate taxes in the UAE? Read First Bit latest post with a to-do list for companies that want to ensure they are aligned with the UAE regulations.

Understanding UAE Tax: #AGTCAAnswers Did you know foreign tax paid on UAE income can be credited under the UAE corporate tax system? Plus, businesses can carry forward losses to offset future taxable income! Stay informed with Al Ghaith Tax Consultancy & Accounting as we break down key points of the UAE tax regime. Have more questions? Comment below or reach out to us directly! #CorporateTax #UAE #TaxConsultancy #TaxCredits #AlGhaithAndCo

Qualifying Free Zone Person: UAE Corporate Tax Computation If you want to know about Taxable Income Calculation: Qualifying Free Zone Person: UAE Corporate Tax Computation📚 check out our latest insights! Your feedback and thoughts are invaluable. 💬 We'd love to hear your opinions, questions, or any experiences you'd like to share related to this topic. Drop a comment below ⬇️ or feel free to message us directly! 📩 #UAECorporateTax #QFZP #FreeZoneTax #CorporateTaxComputation #TaxExemptions #UAEBusiness #TaxCompliance #CorporateTaxRate #TaxPlanning #UAEFinance

Unlock business opportunities with UAE's competitive tax landscape. 🌆💼 #LowTaxRates #UAEbusiness #InvestInUAE #BusinessOpportunity #TaxAdvantage #GlobalBusinessHub #CorporateGrowth #AgilityBusinessSolution

All business entities operating within the UAE are subjected to the new tax regime from June 1, 2023, and onwards. The tax calculation of the period of businesses will differ based on how they report their financial year. Not all businesses are ready and many believe they don’t have to do anything. Numerous companies don’t know the steps they should take to comply. There are 3 steps every business, including free zone companies, must take to comply with the UAE’s new corporate tax law. - To register for corporate tax - To keep proper accounting records - To submit an annual filing with the FTA learn everything you need to know about UAE corporate tax. https://lnkd.in/deKUfsZP #taxprofessional #virtualworldcsp #dubai #business #pro #accounting #financeservices

As a Board member there are a number of UAE Corporate tax elections which we have to consider..... and now is the time to do that. Some of the elections that my Boards are considering include: - Small business relief, if corporate revenue is less than AED 3m, then tax is nil. - Tax grouping can result in administrative and financial benefit if you have multiple entities with common ownership. - Realisation basis election, means you only pay tax when a gain is realized. - Transitional relief, where immoveable assets are recorded at cost , by electing now the gains before 2024 can be tax free. - Permanent Foreign establishment exemption, may avoid double taxation of the profits of overseas subsidiaries. I am not a tax expert so make sure your company is properly advised on its tax strategy, so you and your fellow Directors can relax and enjoy the beautiful weather in the UAE.

Hey Business owners in UAE ! Tax season doesn't have to be stressful. Our expert guide covers everything you need to know to breeze through it: 🔹 Maximize Tax Planning: Unlock strategies to keep more of your hard-earned money. 🔹 Reduce Tax Obligations: Learn how to minimize what you owe. 🔹 Guarantee Regulatory Compliance: Stay on the right side of the law with ease. Need personalized advice or help with your taxes? Reach out to us today! ☎️: +971567981808 📧: [email protected] 🌐: www.bestaxca.com #TaxSeason #TaxTips #CharteredAccountant #FinancialWisdom #TaxMadeEasy #accounting #consultation #business #uae

📢 Important Update on UAE Corporate Tax Rates As part of Al Ghaith & Co's ongoing commitment to keeping our clients informed, here are the latest details on the UAE Corporate Tax (CT) framework: 🔹 Natural Persons and Juridical Persons: 0% for taxable income up to AED 375,000 9% for taxable income exceeding AED 375,000 🔹 Qualifying Freezone Persons: 0% on qualifying income 9% on taxable income that is not qualifying income (as specified in Cabinet Decision No. 55 of 2023) 🔹 Large Multinational Enterprises in UAE (under the Global Minimum Tax framework): 15% for consolidated annual turnover of EUR 750 million (AED 2.7 Billion) Stay compliant and informed with Al Ghaith & Co. For more detailed guidance and support, feel free to reach out to our expert team. #CorporateTax #UAE #TaxUpdate #AlGhaithCo #BusinessCompliance #Freezone #GlobalMinimumTax #TaxAdvisory#AGCMSI