FAQ – Article 57 Tax period

Source: https://mof.gov.ae/corporate-tax-faq/

  1. What is a Tax Period?

Given CT is imposed on an annual basis, it is necessary to specify the “Tax Period”. The Tax Period will normally be the Gregorian calendar year (i.e. from 1 January to 31 December), unless the business applies a different 12-month period for preparing its financial statements.

  1. I did not make a profit for the Tax Period, do I have to complete a UAE CT return?

Taxpayers are required to file a CT return, irrespective of whether they have made a profit or not. Taxpayers with tax losses should ensure they file a CT return in order to ensure that these losses can be used to reduce taxable income of future years.

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