Useful Information How To Avoid Corporate Tax Penalty in UAE To avoid Corporate Tax (CT) penalties in Dubai (and the wider UAE), businesses must prioritize proactive compliance with the Federal Corporate Tax Law (Federal Decree-Law No. 47 of 2022) and its associated regulations. Here’s a breakdown of key steps and considerations: 1. Timely Registration: Mandatory for all businesses: Even if your business qualifies for a 0% rate or...

Useful Information How To Calculate Gratuity in UAE GratuityGratuity is a lump sum payment made by an employer to an employee as a token of appreciation for their long-term service. It is typically given when an employee leaves the organization after completing a minimum period of continuous service, often five years. The amount is calculated based on the last drawn salary and the number of years worked. Gratuity...

Useful Information What is VAT in UAE? Value Added TaxValue Added Tax (VAT) is a type of indirect tax that is imposed on the consumption of goods and services. It is applied at each stage of the supply chain, from production to the final sale. The tax is collected by businesses on behalf of the government and is usually added to the price of goods and services. While...