Tax Losses in Saudi Arabia Saudi Arabia Income Tax Law allows tax losses of mixed and Income Tax only companies to be carried forward indefinitely and until they are completely set-off. Tax losses can only be carried forward and be offset against 25% of each year’s taxable profits. Example Company X is a 100% foreign […]
General UAE’s Federal Tax Authority (FTA) has published a Guide explaining Interest Deduction Limitation Rules for Corporate Income Tax purposes. Summary Downloads Click to download
Interest Deduction Limitation Rules Read More »
Date: November 6, 2024Authority: FTAPublic Clarification: TAXP007 – Grace period to update information in tax records
UAE – TAXP007 – Grace period to update information in tax records Read More »
Law Text Corporate Tax shall be imposed on Taxable Income, at the rates determined under this Decree-Law, and payable to the Authority under this Decree-Law and the Tax Procedures Law. Analysis This Article sets out the general scope of the Corporate Tax Law. It establishes that Corporate Tax is imposed on the Taxable Income earned
Article 2 – Imposition of Corporate Tax Read More »
Your Trusted Tax And Business Advisor in the G.C.C.
Supporting companies and group of companies with quality and tailored-made accounting, tax and business services.
Your Trusted Tax And Business Advisor in the G.C.C.
Supporting companies and group of companies with quality and tailored-made accounting, tax and business services.