UAE Corporate Tax Corporate Group

22/10/2023 Financial & Legal Services

Price: Free

Description

Corporate Group has substantial experience assuring firms’ compliance with both NESA and PCI DSS laws. Our skilled team examines your organization’s existing control system to ensure that your business operations are in compliance with the rules. We can assist you in meeting regulatory obligations while minimizing the risk of financial penalties, legal ramifications, and reputational harm caused by non-compliance.Corporate tax is levied on the taxable income of businesses. Taxable income refers to the amount left after deducting all expenses allowed by the tax laws. In the UAE, any commercial activity conducted on the mainland under a commercial or trade license is subject to corporate tax. Therefore, real estate businesses will be subjected to corporate tax, similar to other industries. It is important to note that the income generated from the real estate sector can come from various sources, and most of these incomes will be taxable under the new CT regime.

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Reference Id:#2164355
Phone Number:9714565668

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