The United Arab Emirates (‘UAE’) Federal Tax Authority (‘FTA’) has issued the Corporate Tax (‘CT’) Guide on the Determination of Taxable Income (‘the Guide’) with the intent of providing general guidance to taxpayers for determining their Taxable Income and calculating Corporate Tax payable under the Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses (‘UAE CT Law’).
This comprehensive Guide covers a range of relevant topics and includes practical case studies that explore various adjustments to accounting income for determining Taxable Income of a Taxable Person. Some specific insights provided by the FTA have been disclosed in previously published Guides (e.g. Qualifying Free Zone Persons, Exempt Income, Tax Grouping, Accounting Standards etc.).
Download this edition to learn more.
