LMKG Chartered Accountants

Small Business Relief

  • Where the person have Artificially separated business to claim relief, this would be considered as Corporate Tax advantage.
  • Separation should be for a valid & Commercial reason.
  • The following shall not apply for any person claiming small business relief.
  • Exempt Income
  • Deductions
  • Tax Loss
  • Transfer Pricing documentation.
  • Conditions for claiming Small Business Relief
  • Taxable Person’s Revenue for the relevant & previous Tax Periods shall be AED 3 MN for each Tax period.
  • Resident Persons must not be a Qualifying Free Zone Person or Constituent Company of MEG.
  • Revenue Threshold for Tax Periods commencing on or after 1/06/2023 to end before or on 31/12/2026
  • Business electing for small business relief cannot carry forward tax losses/Net Interest Expenditure.
  • Losses & interest can only be carried forward in Tax Year in which election for relief not made.

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