Corporate Tax

With the introduction of UAE Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, corporate tax has become a fundamental compliance requirement for all entities operating in the UAE. As mandated, businesses are subject to UAE Corporate Tax (CT) starting from the first financial year beginning on or after 1 June 2023.

The law was officially released on 9 December 2022, followed by numerous Cabinet Decisions and Ministerial Guidance, with further updates expected as the regulatory framework continues to evolve.

At Al Itqan Audit & Advisory, we help businesses stay fully aligned with these ongoing developments through clear, concise, and expert-driven guidance.

Key UAE Corporate Tax Updates & Decisions

Stay informed with a summary of significant developments that continue to shape the UAE corporate tax landscape:

• Cabinet Decision No. 75 of 2023 – Administrative Penalties for Tax Violations (PDF)

• Public Consultation Notice – Insights from Digital Public Consultation (PDF)

• Updated FAQs – Special clarifications for Free Zone Companies (PDF)

• Cabinet Decision No. 55 & Ministerial Decision No. 139 of 2023 – Key clarifications for Free Zone businesses (PDF)

• Ministerial Decision No. 126 – General Interest Deduction Limitation Rules (PDF)

• Ministerial Decision No. 120 – Transition Period Adjustments (PDF)

• Ministerial Decision No. 114 – Accepted Accounting Standards & Methods (PDF)

• Ministerial Decision No. 49 – Business Activities of Resident & Non-Resident Natural Persons subject to CT (PDF)

• Corporate Tax Registration Guidelines – Applicable to PJSCs & Private Companies (PDF)

• Ministerial Decision No. 97 – Transfer Pricing Documentation Requirements (PDF)

• Ministerial Decision No. 105 – Conditions for Maintaining or Losing Exempt Person Status (PDF)

• Corporate Tax Exemptions – Eligibility & conditions (PDF)

• Change in Tax Period – Requirements & conditions (PDF)

Insights & Expert Commentary from Al Itqan

Explore our tax insights, crafted to help UAE businesses navigate the complexities of corporate tax:

• The Impact of Corporate Tax on UAE Enterprises – What Businesses Must Know

• Understanding UAE CT: Common Questions Businesses Are Asking

• Free Zone Entities & the 0% Qualifying Income Regime – What to Expect

• Strategic Tax Planning for Free Zone Companies Under the New CT Law

• UAE’s Corporate Tax Regime – A New Era for Businesses Across All Sectors

Expert Corporate Tax Services by Al Itqan

At Al Itqan Audit & Advisory, our specialized Corporate Tax team is fully equipped to help businesses interpret, apply, and comply with the UAE CT framework. With in-depth expertise in the UAE tax environment, our advisors support clients with:

Our Corporate Tax Services Include:

• Corporate Tax Registration

• Tax Return Preparation & Filing

• CT Advisory & Compliance Review

• Tax Structuring for Mainland & Free Zone Entities

• Transfer Pricing Support

• Guidance on Exemptions & Free Zone Incentives

• Ongoing Compliance Monitoring

• Assistance with Clarifications, Objections & FTA Communication

We ensure that your business remains compliant, structured efficiently, and prepared for every aspect of the UAE’s evolving corporate tax landscape.