Recent content by Bharat Bajaj

Yes Its applicable to new companies as well.

Please wait for few days there will be a clarification from FTA brining clarity on this. If all your income from outside UAE most likely it won't be taxable in UAE. Will keep you posted on this.

Hi you consider taking a Zero VISA license from IFZA (Dubai Silicon Oasis) with Activity as Proprietary Trading In Crypto Assets. Please don't declare this to your current banker (Wio I Guess) as UAE bank's are very sensitive for Crypto business and they won't entertain such transactions at all.

Though marketing is not a qualified activity but it depends on who your clients are if all your clients are based out of UAE? How much is your turnover going to be? No You won't pay any taxes most likely we are closely watching FTA's announcement. Is your Turnover more than AED 3 Million? or...

Hi Mr. Gus there is no progressive rate in UAE its only 1 rate of 9% on Net Taxable profit more than 375,000 AED.

As long as you are in Freezone and doing business overseas (abroad) i.e. not doing business inside UAE. You won't be liable to pay any Corporate Tax in UAE. As we speak Federal Tax Authority (FTA) has put a paper in public consultation for not taxing such income which is most likely to be...