The Federal Tax Authority (FTA) is preparing to release updated guidance to ensure that distribution businesses can confidently benefit from the 0% corporate tax rate available to qualifying income generated in free zones.

According to a new study published by the UAE government, companies should embrace remote work to boost productivity and to attract talent.

To avoid penalties, the Federal Tax Authority (FTA) reminds individuals with Corporate Tax licences issued in March and April (regardless of the year of issuance) to submit their registration applications by June 30, 2024.

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Free zone businesses in the UAE should keep steadfast focus on two numbers when it comes to corporate tax now that they know what the 'qualifying income' is.

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