Peter Ivantsov’s Post

📢 UAE Corporate Tax Return Deadline Extended The deadline for UAE Corporate Tax return filings has been extended! Businesses now have additional time to ensure compliance, review financials, and file accurately. Don’t miss this opportunity to align with regulatory standards and minimize any errors. #CorporateTax #UAE #TaxFilingDeadline #BusinessCompliance #FinancialPlanning #CorporateFinance #DeadlineExtension #TaxUpdate #BusinessTax #Accounting #Finance

Hi Everyone Companies and individuals must benefit from the UAE's double taxation agreements with other countries when applying for a Tax Resident Certificate (TRC). For any assistance and clarifications, we are here to assist. #Vista Vision Auditing

𝗧𝗮𝘅 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗨𝗔𝗘: 𝗙𝗔𝗤𝘀 𝗗𝗲𝗰𝗼𝗱𝗲𝗱 𝗛𝗼𝘄 𝗔𝗿𝗲 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗚𝗮𝗶𝗻𝘀 𝗧𝗮𝘅𝗲𝗱 𝗨𝗻𝗱𝗲𝗿 𝗨𝗔𝗘 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗧𝗮𝘅? In the UAE Corporate Tax (CT) regime, capital gains are treated like any other income earned by a business. Here’s what you need to know: 🔹 𝗡𝗼 𝗗𝗶𝘀𝘁𝗶𝗻𝗰𝘁𝗶𝗼𝗻 𝗕𝗲𝘁𝘄𝗲𝗲𝗻 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗮𝗻𝗱 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗔𝘀𝘀𝗲𝘁𝘀: Unlike many other tax systems, the UAE CT regime does not distinguish between capital assets (like shares or property) and non-capital assets (like inventory). All gains from asset sales are taxed as part of the business’s annual taxable income. 🔹 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗚𝗮𝗶𝗻𝘀 𝗼𝗻 𝗦𝗵𝗮𝗿𝗲𝘀: Not all capital gains are taxable. If a business sells shares, the capital gains may be exempt from corporate tax, provided certain conditions are met. These exemptions aim to support investment and business growth in the UAE. 🔍 𝗞𝗲𝘆 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀: 1️⃣ 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻 𝗶𝗻 𝗧𝗮𝘅𝗮𝗯𝗹𝗲 𝗜𝗻𝗰𝗼𝗺𝗲: Gains from selling assets—whether capital or non-capital—are included in the annual taxable income. 2️⃣ 𝗦𝗵𝗮𝗿𝗲 𝗦𝗮𝗹𝗲 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻𝘀: To qualify for exemptions, businesses must meet specific criteria outlined in the CT law (see related FAQ on exemptions). 📌 𝗪𝗵𝗮𝘁 𝗦𝗵𝗼𝘂𝗹𝗱 𝗬𝗼𝘂 𝗗𝗼? 1. Review your business’s asset portfolio to identify capital gains and their tax implications. 2. Consult with tax advisors to determine eligibility for exemptions on share sales or other qualifying transactions. 📣 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀? 𝗟𝗲𝘁’𝘀 𝗱𝗶𝘀𝗰𝘂𝘀𝘀 𝗵𝗼𝘄 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗴𝗮𝗶𝗻𝘀 𝘁𝗮𝘅𝗮𝘁𝗶𝗼𝗻 𝗶𝗺𝗽𝗮𝗰𝘁𝘀 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗮𝗻𝗱 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴. 💬 #CorporateTax #CapitalGains #UAEFinance #TaxCompliance #BusinessTaxation INDGenius Accounting INDGenius Accounting UAE CA Sunil Bohara Sachin Gor CA Prem Dosi Arun Baid Charwak Bhargav

Dear Business Owners, the UAE is no longer TAX FREE!! Read more below 👇 In the UAE, you now need to keep your books in order and submit reports to the regulator on a regular basis, with most free zones or main land companies needing audits. The questions you need to ask yourself are: Are you keeping or tracking invoices? Are you managing you accounts correctly? Are you keeping your tax exposure organised? Speak to us here: www.theta7.ae #UAE #Accounting

⚠️ Attention companies under UAE Corporate Tax with a tax period from June 2023 to May 2024: Your return filing deadline is 🗓️ February 28, 2025—less than 3 months away! 📚 Ensure your accounting records, commercial books, and related business documents are well-maintained. ✅ #UAE #UAECorporateTax #TaxFiling #Compliance #Dubai #VATCompliance

🌟 Big Update for MNCs in the UAE! 🌟 The UAE has simplified its compliance landscape by exempting large companies and multinationals from the need to file Economic Substance Reports (ESR). This means streamlined processes and a focus on corporate tax compliance without the extra paperwork! 📄✨ Ready to take advantage of the UAE’s evolving business-friendly environment? Let’s dive in! #UAEBusiness #CorporateTax #ComplianceMadeEasy #MNCUAE #BusinessUpdates

Are you a UAE-incorporated company or a business person operating in the UAE? You’re considered a Resident Person for UAE Corporate Tax purposes. This includes: • LLCs (Limited Liability Companies) • Joint Stock Companies • Other Legal Entities • Foreign Companies Managed from the UAE Knowing your status is crucial for accurate tax compliance and planning. At Al Ghaith & Co, we help you understand your tax obligations and ensure you stay compliant. Contact us today for expert guidance on UAE Corporate Tax. #CorporateTax #UAE #TaxCompliance #AlGhaithCo #BusinessFinance #TaxGuidance #Accounting #ResidentPerson #TaxPlanning

Today the question arise related to the UAE Corporate Tax is. When is a foreign juridical person considered “effectively managed and controlled” in the UAE? The Answer of this question is quite simple. This will need to be assessed on a case by case basis, and may look at the location where the key decision makers, such as the directors, make the strategic decisions affecting the juridical person. P.S: Follow me for daily learning of UAE Corporate Tax #corporatefinance #vat #success #learningeveryday

Important Reminder ⏰ UAE Corporate Tax Registration Deadline Approaching! 🕒 May 31, 2024: Ensure Timely Compliance to Avoid Penalties 🚨 Register Now and Guarantee a Smooth Business Operation 📈 Don't Miss This Critical Deadline and Secure Your Business's Future 💼 Act Today and Stay Ahead of the Game! 💪" For more information contact us: www.nowconsultant.com #UAECorporateTax #BusinessRegistration #DeadlineAlert"

𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐘𝐨𝐮𝐫 𝐔𝐀𝐄 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥: 𝐓𝐡𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐄𝐝𝐠𝐞 𝐨𝐟 𝐅𝐨𝐫𝐦𝐢𝐧𝐠 𝐚 𝐓𝐚𝐱 𝐆𝐫𝐨𝐮𝐩 In the UAE, corporate tax law allows businesses to form 𝐭𝐚𝐱 𝐠𝐫𝐨𝐮𝐩𝐬. This can be a smart move for companies with multiple entities. 𝐖𝐡𝐲? Because a tax group lets you consolidate taxable income and be treated as a single entity. This means easier 𝐭𝐚𝐱 𝐟𝐢𝐥𝐢𝐧𝐠𝐬, 𝐭𝐡𝐞 𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐭𝐨 𝐨𝐟𝐟𝐬𝐞𝐭 𝐥𝐨𝐬𝐬𝐞𝐬 𝐚𝐜𝐫𝐨𝐬𝐬 𝐭𝐡𝐞 𝐠𝐫𝐨𝐮𝐩, 𝐚𝐧𝐝 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥𝐥𝐲 𝐥𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐨𝐯𝐞𝐫𝐚𝐥𝐥 𝐭𝐚𝐱 𝐥𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲. It's a practical way to streamline your operations and boost efficiency. Over the next few posts, we will dive deeper into the details—𝐜𝐨𝐯𝐞𝐫𝐢𝐧𝐠 𝐞𝐥𝐢𝐠𝐢𝐛𝐢𝐥𝐢𝐭𝐲, 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬, 𝐚𝐧𝐝 𝐫𝐞𝐚𝐥-𝐰𝐨𝐫𝐥𝐝 𝐞𝐱𝐚𝐦𝐩𝐥𝐞𝐬. Stay tuned to learn how your business can benefit from forming a tax group in the UAE. 𝐅𝐨𝐥𝐥𝐨𝐰 𝐨𝐮𝐫 𝐩𝐚𝐠𝐞 𝐭𝐨 𝐬𝐭𝐚𝐲 𝐮𝐩𝐝𝐚𝐭𝐞𝐝 𝐨𝐧 𝐡𝐨𝐰 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐜𝐚𝐧 𝐥𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐭𝐚𝐱 𝐠𝐫𝐨𝐮𝐩𝐬 𝐮𝐧𝐝𝐞𝐫 𝐔𝐀𝐄 𝐥𝐚𝐰. #CorporateTax #TaxPlanning #UAEBusiness #BusinessStrategy #INDGeniusAccounting INDGenius Accounting INDGenius Accounting UAE CA Sunil Bohara CA Anil Bohra Sachin Gor CA Prem Dosi Gautam Bohra CA Rahul Bohra Charwak Bhargav Arun Baid