What is Withholding Tax in KSA? Withholding Tax (WHT) in Saudi Arabia (KSA) is a tax deducted at source on payments made to non-resident entities for services, royalties, dividends, or other taxable transactions. The payer (Saudi company) deducts the tax and remits it to the Zakat, Tax and Customs Authority (ZATCA). KSA Withholding Tax Rate Table Type of Payment Withholding Tax […]
FTA recently announced change in FTA login process. Starting September 2024, taxable persons can login to Emaratax Dashboard using only UAEPass authentication process. It involves few steps to complete in given scenarios. How to approach the linking process, it depends on one scenario in hand. The process is simple, follow the steps explain below. Scenario-1: You have […]
Article2– Registration of Persons for Corporate Tax Purposes For the purposes of Clause 1 of Article 51 of the Federal Decree-Law No. 47 of 2022 referred to above, any Taxable Person shall submit an application for Tax Registration in accordance with the timelines prescribed in Articles 3, 4 and 5 of this Decision. Article 3 […]
FTA opened Corporate Tax Registration FTA is now inviting businesses to register for UAE Corporate Tax, the registration is opened for two types of legal persons: How to Register: Login to EmaraTax portal if you do not have an account then create one. The CT Registration is different than VAT Registration. In case of UAECT […]
Corporate Tax-Assessment and Implementation Time to Assess your business… The Corporate Law has been published by the ministry, it is time for businesses to conduct Tax Assessments, adjust policies and procedures and implement the recommendations made by a Tax Consultant. This is a must do exercise for the business to understand the gaps, make refinements […]
VAT was first introduced in the Kingdom on 1 January 2019 with standard rate of 5%. Businesses are liable to comply with VAT laws and regulations. The recommendation is to plan for it, consult internally and if required externally with professionals by keeping in mind a reasonable lead time is required to assess, design and […]
Amendments in UAE VAT Law Introduction: The UAE government made amendments to in VAT Law (Federal Decree Law no 8 of 2017) through the Federal Decree Law no 18 of 2022. Below educational summary is based on unofficial translation, this is not an advisory neither an opinion nor it represents the bare law. VAT Consultants […]
Update- UAE Corporate Tax (UAECT) In continuation of the UAE Corporate Tax alerts, we tried to cover the ministry release of public consultation document in which ministry seek inputs from various sector on tax legislation. We will continue sharing the development on UAECT (UAETAX or Corporate Tax in UAE). Before publishing the draft tax law, ministry invited […]
UAE Announced Corporate TaxEffective from June 2023Tax rate: 0% for taxable income up to AED 375,0009% for taxable income exceeding AED 375,000 UAE Corporate Tax Overview 01What is Corporate Tax?Corporate Tax is a form of direct tax levied on the net income or profit of corporations and other businesses. Corporate Tax is sometimes also referred to as “Corporate Income […]
What is Vat? A value-added tax (VAT) is a consumption tax, it is an indirect tax paid by end user or consumer. It is collected by the value adding party on behalf of the government and pay to government the difference of the Vat Collected and Vat Paid. How it works VAT is levied on a product or services […]
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