Following the assessment of UAE’s tax framework by the European Union Code of Conduct Group on the vertice of Business Taxation, the UAE government took a monumental step. Underpinned by its commitment as an active member of the Organisation for Economic Cooperation and Development (OECD), the UAE introduced Economic Substantial Regulations on 30th April, 2019. […]

The introduction of corporate tax has been a strategic imperative in the economic history of UAE. Although, the free zone persons have the advantage of paying zero percent corporate tax on the income incurred from qualifying activities. It is nevertheless mandatory for them to meet all the conditions to benefit from it and filing their