Consequences of Electing for Business Restructuring Relief under UAE Corporate Tax
CDA Audit Blog
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4d ago
The introduction of the CT regime has resulted in various changes in the business operations. The businesses are now required to ensure their compliance with the new CT regime. There are certain transactions that are not under the purview of the CT regime and to promote the businesses in the UAE. One suc ..read more
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All About VARA Audit in Dubai
CDA Audit Blog
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2w ago
Dubai has been promoting the virtual asset transaction with the motive of strengthening its position as a global hub for the virtual assets. In order to ensure its smooth functioning and provide protection to the users and the investors, the authorities have implemented the VARA regulations to ensure a s ..read more
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UAE Corporate Tax: What are the Compliance Requirements Under the Qualifying Group Rel...
CDA Audit Blog
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3w ago
Implementation of the new CT regime in the UAE has caused a vast shift in the business landscape, requiring entities to understand the new complexities and implement the regime within their businesses. FTA, in order to simplify the implementation of the regime, has issued multiple guides that have provid ..read more
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All About the Conditions to Qualify for Business Restructuring Relief Under UAE CT
CDA Audit Blog
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1M ago
In order to simplify the compliance framework and guide the entities, the FTA has lately released a guide on business restructuring relief, enabling businesses to understand the relief and claim if they fall under the category. In this blog, we shed light on certain conditions that are to be met by such ..read more
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Key Insights: UAE Corporate Tax Business Restructuring Relief
CDA Audit Blog
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1M ago
The implementation of the new CT regime has led to significant changes in the overall business environment. The businesses are now expected to comply with the new regime and ensure the timely registration and payment of tax returns. There are still many clarifications required by the business entities pe ..read more
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What Is the Clawback of The Qualifying Group Relief?
CDA Audit Blog
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2M ago
The Federal Tax Authority in the UAE recently released a Corporate Tax Guide that lists down several points on the transfers that take place within a qualifying group and the relief that can be availed of. While this guide was introduced to simplify the transfers of assets and liabilities within a group ..read more
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What is a “Qualifying Registrant” for e-commerce purposes?
CDA Audit Blog
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2M ago
The ever-expanding realm of e-commerce presents an abundance of growth opportunities for businesses operating in the UAE, but it also increases their tax-related complexities. UAE as a supreme ecommerce landscape has already implemented VAT (Value added tax) regulations for businesses to ensure both fair ..read more
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Implication of VAT on Financial Institutions Engaged in SWIFT Transactions
CDA Audit Blog
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2M ago
In the world of ever-changing technology and multiple financial transactions, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) plays a vital role by ensuring systematic and secure, communication and transactions between the financial institutions across borders. In this blog, we wi ..read more
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All About Taxation of Foreign Banks under UAE CT
CDA Audit Blog
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2M ago
It is important to know how foreign banks are taxed in the UAE because this helps both financial institutions and individuals who may want to invest in its banking sector. The aim of this article will be, therefore, to provide all the necessary information regarding the taxation of foreign banks under co ..read more
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Highlights of Digital Public Consultation on Implementation of Global Minimum Tax in U...
CDA Audit Blog
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2M ago
The Ministry requested stakeholder feedback towards shaping policies that will align with global standards and regulations as part of its ongoing efforts to ensure compliance internationally. This action demonstrates the government’s dedication to taxation transparency and collaboration ..read more
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