Corporate tax – UAE – Did you know? – #0015

by | Nov 18, 2023 | English Topics, Uncategorized

Corporate tax - UAE - Did you know? - #0015

Taxable Persons must calculate their Taxable Income on an annual basis using their accounting net profit or loss for the relevant period as set out in their Financial Statements (i.e. their Accounting Income) as the starting point for this calculation. A number of adjustments should be applied to exclude specific Exempt Income, or to limit the amount of deductions available on expenditure.

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