The UAE Ministry of Finance has introduced a significant update to the corporate tax framework by offering unincorporated partnerships the choice to be treated as taxable entities under federal tax law. This change is designed to reinforce the principle of tax neutrality and align the UAE’s tax regime with international standards.

We’re delighted to share that Zyla Accountants is now an official Wafeq partner. This means we’re not only supporting businesses here in the UAE but are also equipped to help our clients expand into the Kingdom of Saudi Arabia (KSA) — one of the region’s most dynamic markets.

In a transformative move that puts artificial intelligence at the core of urban living, Abu Dhabi is set to unveil the world’s first fully cognitive AI city — Aion Sentia — by 2027. Unlike traditional “smart cities”, Aion Sentia will harness the power of AI to actively learn from and adapt to its residents’ behaviours, creating an intuitive and personalised urban experience.

At Zyla Accountants, our role as registered tax agents and accounting professionals is to guide UAE businesses in navigating the complexities of the new corporate tax regime.

One surprising trend we are seeing is that some free zone entities are electing to be taxed at the standard 9 percent corporate rate, even when they may be eligible for the zero percent rate on qualifying income.

As the UAE rolls out its corporate tax framework, we at Zyla Accountants your trusted FTA-registered tax agents, have noticed a growing number of myths circulating among free zone businesses. These misunderstandings could easily lead to non-compliance or missed opportunities. In this blog, we clarify 11 of the most common misconceptions.

Zyla Accountants, a leading Dubai-based accounting and advisory firm, is proud to announce its official membership in the International Free Zone Authority (IFZA) Professional Partner Network. This milestone marks an exciting chapter in Zyla’s continued growth and commitment to delivering exceptional service to entrepreneurs and businesses across the UAE.