The Importance of Backlog Accounting in Corporate Tax
In the fast-paced world of business, many companies focus on day-to-day operations, client deliverables, and growth targets. Unfortunately, one area that often gets pushed to the back burner is bookkeeping, particularly the handling of backlog accounting. Yet when it comes to corporate tax, this can be a costly oversight. At The Capital Zone, we’ve seen […]
Small Business Tax Relief: A Guide for Entrepreneurs
Introduction Running a small business comes with various challenges, and managing taxes is one of the most critical aspects. Governments often provide tax relief programs to support small businesses, helping them reduce their tax burdens and improve cash flow. In this blog, we will explore different types of small business tax relief, eligibility criteria, and […]
Arm’s Length Rule and Benchmarking in Corporate Tax
Arm’s Length Rule and Benchmarking in Corporate Tax The Arm’s Length Rule and Benchmarking play a crucial role in corporate tax compliance, particularly in transactions between related entities. These principles ensure that transactions between associated enterprises are conducted as if they were between independent entities in an open market, thereby preventing tax avoidance and ensuring […]
Transfer Pricing Rules in Corporate Tax
Introduction Transfer Pricing (TP) rules are designed to ensure that transactions between related parties are conducted at fair market value, preventing profit shifting and tax avoidance. These rules align with the Arm’s Length Principle (ALP) and are based on international guidelines set by the OECD’s Transfer Pricing Guidelines. Transfer Pricing in the UAE The UAE […]
A Simple Guide to Corporate Tax in the UAE
A Simple Guide to Corporate Tax in the UAE Corporate Tax in the UAE has been introduced to align with global tax standards while maintaining a competitive business environment. This guide provides an overview of corporate tax, including its applicability, required documents, and the registration process. What is Corporate Tax? Corporate Tax is a direct […]