They are inspired by the menus of 10 outlets and 10 chefs to inspire culinary creativity among the community
UAE Corporate Tax will apply to all UAE businesses, except for the extraction of natural resources, which will remain subject to Emirate level corporate taxation. Foreign entities and individuals will be subject to Corporate Tax only if they conduct a trade or business in the UAE in an ongoing or regular manner
UAE Corporate Tax will apply equally to all categories of profits and other (net) income reported in the financial statements prepared in accordance with internationally acceptable accounting standards
— Cementing the UAE’s position as a world-leading hub for business and investment
— Meeting international standards for tax transparency and preventing harmful tax practices
— Accelerating the UAE’s development and transformation to achieve its strategic objectives
0%
Tax rate for taxable income up to Dh375,000 to support small businesses and startups
9%
Headline corporate tax rate for taxable income exceeding Dh375,000
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— Individuals will not be subject to corporate tax from employment, real estate, investment in shares or other personal income not related to a UAE trade or business
— No corporate tax will apply on foreign investors who do not carry on business in the UAE
— Corporate tax will apply on the adjusted accounting net profit of the business
— Free zone businesses that meet all necessary requirements can continue to benefit from corporate tax incentives
— The extraction of natural resources will remain subject to Emirate level corporate taxation
— No withholding tax will apply on capital gains and dividends received by a UAE business from its qualifying shareholdings
— No corporate tax will apply on qualifying intragroup transactions and restructuring
— Foreign tax will be allowed to be credited against UAE corporate tax payable
— Generous loss transfer utilisation rules will be available to businesses
Source: Federal Tax Authority
muzaffarrizvi@khaleejtimes.com
They are inspired by the menus of 10 outlets and 10 chefs to inspire culinary creativity among the community
Real World also demonstrated his liking for the Meydan turf track when comfortably beating Alfareeq in the Zabeel Mile last year
Total active cases stand at 16,122
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Winner of his last two races at Meydan — the six-year-old gelding is second favourite for the race behind defending champion Country Grammer
The wide draw will be a very hard challenge for him from barrier 15, says trainer Yoshito Yahagi
As part of a cost-cutting effort, it will lay off 2.5 per cent of its workforce over the next 18 months