1 / 2

BOOKKEEPING MADE EASY WITH ubl

<br>Bookkeepers are responsible for providing accurate, up-to-date financial information about the business. They are the pulse of any business. With the professional accounting team at ubl all your bookkeeping is kept accurate.

PAWAN25
Download Presentation

BOOKKEEPING MADE EASY WITH ubl

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. UAE will introduce corporate tax when Corporate tax legislation in the UAE has not yet been passed and is still being finalized, hence it has not yet been made public. The applicable law will take effect on or after the end of the fiscal year in June 2023, giving the FTA and the businesses that will be covered enough time to get ready for a seamless implementation of the new system.accounting and auditing dubai The introduction of a CT system, according to the United Arab Emirates' Ministry of Finance, "reaffirms the UAE's commitment to fulfilling international standards for tax transparency and combating harmful tax practices," as of January 31, 2022. The UAE considered and ultimately decided to adopt a corporate tax with the lowest tax rates at 0.5% in order to increase transparency and effectively comply with rules. only Bahrain will take effect at the international level beginning in June 2023 or later. Enhancing the UAE's reputation as a significant commercial and investment hub in the eyes of the world is one of the criteria taken into account when deciding on the plan. However, reducing reliance on oil as a key source of income is also viewed as a strategic objective. The plan to establish corporate tax in the UAE seeks to level itself up to transparency and progressive international practices by aligning itself with competitive tax policies and regulations around the world.accounting and auditing uae Because of this, the UAE introduced a corporate tax in an effort to find a compromise between being a desirable location for foreign investors and giving them a lighter tax burden. Depending on whether the total taxable income is less than or more than AED 375,000, the minimum tax rate is zero and the maximum tax rate is 9%. However, multinational firms covered by OECD Base Erosion and Profit-Sharing legislation will be granted different rates under Pillar 2 of the BEPS 2.0 framework. The taxable income will be determined following the application of any necessary adjustments or exclusions. only Bahrain will take effect at the international level beginning in June 2023 or later. Enhancing the UAE's reputation as a significant commercial and investment hub in the eyes of the world is one of the criteria taken into account when deciding on the plan. However, reducing reliance on oil as a key source of income is also viewed as a strategic objective.

  2. LikeReplyFollow No replies yet. Reply Now

More Related