• Should a free zone business register and file a Corporate Tax return?
Yes. Companies operating in the free zone must register and file corporate tax returns in the UAE. Consult with tax consultants in Dubai for more information on corporate tax return filing.
• Will the businesses in financial free zones be treated differently under the Corporate Tax government?
No. The UAE Corporate Tax treatment will be the same across all the free zones.
• Will Corporate Tax Affect the UAE Real Estate Sector?
Yes. The real estate sector falls within the scope of Corporate Tax in the UAE. Activities that are subject to the Corporate Tax regime include real estate management, construction, development, agency and brokerage activities.
• Will a foreign company or individual be subject to Corporate Tax?
Corporate Tax will apply to foreign businesses and individuals only if they carry out a trade or business in an ongoing or regular manner.
• How will Corporate Tax Affect the Income of Foreign Investors?
Corporate Tax in the UAE will generally not be imposed on a foreign investor’s income from dividends, capital gains, interest, royalties and other investment returns.
• Can I form a tax group for the UAE Corporate Tax?
Yes. A group of companies in the UAE is allowed to create a tax group. Such a group will be treated as a single taxable person if all the relevant conditions are met. A tax group is required to file a single corporate tax return in the UAE.
