Vijay Krishnan’s Post

FTA has recently published the Corporate Tax Guide (CTGDTI1), "Determination of Taxable Income". Please find below my latest article titled "Takeaways from the Latest Guide Published by the FTA". https://lnkd.in/d5Zbqmix #corporatetax #fta #guide #tax #uae #taxableincome

FTA has published Corporate Tax Guide on Free Zone Persons The guide provides readers with an overview of: - The conditions required to be met for a Free Zone Person to be a Qualifying Free Zone Person ("QZFP") and benefit from the 0% Corporate Tax rate, and - The activities that are considered Qualifying Activities and Excluded Activities for a QFZP. #taxsystem #corporatetax #UAE #Dubaitaxes #Dubaiaccounting #taxuae

Sharing some key takeaways from the 4th edition of our "UAE Corporate Tax through the lens of Pillar Two" webinar last week where we discussed WHT and FTCs. Entities that are subject to both Pillar Two and CT could end up paying the same amount of taxes regardless of whether FTCs are claimed. It is important to fully understand the interplay between these two tax regimes in deciding whether to claim FTCs.

The FTA has issued a public clarification (CTP004) about the Postponement of the Deadline to File a Tax Return and Settle the Corporate Tax Payable for certain Tax Periods”. #Corporate #taxation #UAE #business

The Federal Tax Authority has released the Corporate Tax Guide related to the Free Zone Persons. Our team has prepared a tax alert that includes the highlights and key takeaways. #CorporateTaxReady #UAE @PwC Middle East Read our alert here

The Federal Tax Authority has released the Corporate Tax Guide related to the Free Zone Persons. Our team has prepared a tax alert that includes the highlights and key takeaways. #CorporateTaxReady #UAE @PwC Middle East Read our alert below

Ever heard of FIRPTA? Learn about the taxes foreign individuals face when disposing of USRPIs! #BrijTax #YourCrossBorderTaxSupport #TaxBlog #FIRPTA #USRPI https://ow.ly/zYvf50TJLia

Fees paid for "private clarification" of tax will be refunded in certain cases if the clarification is not issued, effective August 1, the Federal Tax Authority (FTA) announced. Under "private clarification", companies could submit a request to seek further clarification related to one tax, or more than one tax issued by the FTA. Read more: https://lnkd.in/dd2PBdSa #taxservicecharges #tax #taxrefund #uae #khaleejtimes

New Guide from the Federal Tax Authority (FTA)! 0% Corporate Tax Rate for Qualifying Free Zone Persons Learn the Conditions, Activities, and Compliance Requirements Understand Corporate Tax Calculations and Substance Rules Clarifications on Income from Property and Intellectual Property 📖 Read the Full Guide on the FTA Website for Complete Details #CorporateTax #FreeZone #FTA #BusinessGrowth #UAE

Important update from the #FTA with regard to Corporate Tax Compliance! Postponement of the deadline to file a tax return and settle the Corporate Tax Payable for certain tax periods! This is applicable to certain taxpayers that meet #ALL the conditions in article 2 of the FTA decision, see below: a. The Taxable Person was incorporated, established or recognised under the applicable legislation of the State on or after 1 June 2023. b. The Tax Period of the Taxable Person ended on or prior to 29 February 2024. Welcoming provision for Entities Incorporated in June 2023 with Financial Year as Jan to Dec. Their First CT Return was due on 30th September 2024 which is now postponed to 31st December 2024. #tax #CT #transferpricing #uae #return #compliance