J K & Associates

Join our webinar that will showcase how to register for Corporate Tax on EmaraTax through the link: https://lnkd.in/dQx4kZmA #FTA #UAETAX #UAE

#corporateTax #Taxplanning If you don't do tax planning & projecting, now is good time to find an accountant and formulate a plan to implement these items if you are always unhappy come tax time. I have businesses and individuals who get upset when they see the tax bill due at the end of the year. Do provision for CT and recording of deferred tax and do budget for taxes. Tax projections aren't going to minimize taxes, they are going to minimize surprises and headaches. This will allow for proper cash flow planning and allow the business to make more informed decisions. Tax planning will allow you to strategize purchases, speed up the recognition of income or defer into the future. This will manage the tax rate. The best thing an accountant can do is reduce financial stress! Everyone has enough stress, don't let taxes be another one. #corporatetax #taxplanning #taxcompliance

!! Ramadan Kareem !!

Corporate Tax registration deadlines are out and registration can be done by filling below 5 tabs :- 📌 Entity Details 📌 Identification Details 📌 Contact Details 📌 Authorized Signatory 📌 Review and Declaration #uaecorporatetax

!! Timelines for Registration of Taxable Persons for UAE Corporate Tax !!

⌛ Deadlines have been established for corporate tax registration. Failure to comply may result in an administrative penalty of AED 10,000. Ensure timely registration to avoid such consequences. #fta #corporatetaxuae #registration Federal Tax Authority

Small Business Relief (Ministerial Decision No. 73 of 2023) # Available until Tax period ending 31st December 2026 # Eligibility: UAE Resident Juridical Person or Individual # Revenue Threshold: AED 3,000,000 (Three Million Dirhams) Note 1: The relief is based on the revenue threshold; even if the profit exceeds AED 375,000, one can still claim relief and pay zero tax. Note 2: Entities still have to register, maintain books, File CT return. #J K & Associates #corporatetaxuae

Can you from Tax Group in UAE for CT Purpose ? - Yes, Two or more entities (Juridical Persons) which are tax residents of UAE can form Tax Group following certain condition like - Parent comapny holding at least 95% or more , Exempt person or qualifying FZP is not included, Financial year shall be the same with same accounting standards. What are the benefits ? - Parent company shall consolidate the FS of all member companies and file a single tax return for the entire group. - Offsetting of tax losses of one entity allowed in the same tax without any restriction and any unutilized losses can be carry forward. - No transfer pricing compliance between group members companies. - Transfer of asset or liability can be done between members of the tax group with the condition to remain with the group for two years from the date of transfer with subject to conditions. #uaecorporatetax #fta #uae