Common challenges in corporate tax filing

The introduction of corporate tax (CT) in the UAE marks a significant shift in the business landscape. While the legislation is designed to be business-friendly, the complexities of interpretation, classification, and compliance present notable challenges, especially during the filing of tax returns.

- 

At AKW Consultants, we've identified several recurring pain points businesses face when preparing and filing their CT returns:

Misclassification of tax status: Confusion often arises in determining whether a business qualifies as a Resident Person, a Non-Resident with or without a Permanent Establishment, or a Qualifying Free Zone Person. These classifications directly affect tax rates and eligibility for exemptions.