Articles by Reeti Garg

About Reeti Garg

Being outstanding in school and college for her academics and sports, little did she know that her passion for writing about unobserved people, stranded things and mysteries of the heart would lead her to become a professional writer later in life!An avid reader and a hardcore movie buff, her favorite past time is listening to music and writing poems. She is a published author and on her way to completing her second book ‘Under the Falling Stars’, a thriller on bisexuality.In this short span of 4 years of being a professional writer, she has been associated with many articles for renowned magazines and newspapers, blogs, short stories and poetries.Names associated with her writing skills are ‘Meri Sajni’, ‘Akinchan Bharat’, ‘Hamara Ghaziabad’, mycity4kids.com.Aspiring to be famous and known as a soulful author one day, she would love to settle someday in the silent disquietedness of London countryside, where she plans to just sip coffee and keep writing trilogies.

iphone 15 pro

The Affordable Option: iPhone 15 Pro on Installment Plan

December 4, 2023 Reeti Garg 0

In today’s tech-savvy world, owning the latest smartphone has become a necessity for many. The iPhone series has always been a top choice, but the […]

Virtual Chips and Cyber Decks: Navigating the Technological Landscape of the Best Blackjack Sites

Virtual Chips and Cyber Decks: Navigating the Technological Landscape of the Best Blackjack Sites

December 3, 2023 Reeti Garg 0

The evolution of technology has permeated every aspect of our lives, and the realm of online gambling is no exception. Blackjack, a classic card game […]

Pharmaceutical Transportation Service for Your Business

DivineTrans: The Perfect Pharmaceutical Transportation Service for Your Business

December 2, 2023 Reeti Garg 0

Divine Enterprises Inc. is a leading transportation company that offers logistic solutions across the US and Canada. With our qualified truckload services, we have years […]

Mastering Mostbet: A Comprehensive Guide to Betting Strategies and More

Mastering Mostbet: A Comprehensive Guide to Betting Strategies and More

December 2, 2023 Reeti Garg 1

Explore the world of betting on Mostbet with our comprehensive guide. From sports betting strategies to casino games and unique markets, learn how to maximize your chances of success while enjoying the thrill of online betting responsibly.

Briefcase solar panels are the next evolution in the renewable energy world. High-powered and portable, this energy source is in demand and reliable.

Power Your Devices Anywhere with Briefcase Solar Panels

December 1, 2023 Reeti Garg 0

Renewable energy has evolved. Stationary solar panels, which require experts to install and can’t be moved around, are no longer the standard. This new wave […]

SEO SEM Agencies: Maximizing Digital Potential

SEO SEM Agencies: Maximizing Digital Potential

November 30, 2023 Reeti Garg 0

SEO SEM agencies play a pivotal role in the digital landscape, intertwining the power of Search Engine Optimization (SEO) and Search Engine Marketing (SEM) to […]

Savor the Freshness: A Guide to Ordering Fresh Fruits Online in Gurgaon

Savor the Freshness: A Guide to Ordering Fresh Fruits Online in Gurgaon

November 30, 2023 Reeti Garg 0

In the bustling city of Gurgaon, where time and convenience are key, ordering fresh fruits online has become a game-changer for health-conscious individuals. With just […]

Overcoming Aquaphobia Through Private Swimming Lessons in Singapore

Overcoming Aquaphobia Through Private Swimming Lessons in Singapore

November 24, 2023 Reeti Garg 0

Aquaphobia, or the fear of water, is a common phobia that affects many people around the world. A traumatic experience can trigger it, lack of […]

The Diversity in the Land of Casino Games

The Diversity in the Land of Casino Games

November 22, 2023 Reeti Garg 0

Over the past few decades, casino games have become increasingly popular as mobile and internet access continues to rise. In the US, states are making […]

Alibaba 2023 Challenges, Triumphs, and Stock Performance

Alibaba 2023: Challenges, Triumphs, and Stock Performance

November 20, 2023 Reeti Garg 0

Alibaba Group Holding Limited (NYSE:BABA) is a major player in the world of e-commerce and digital technologies. Originating in China, the company has grown to […]

Secure Rides Celebrities' Top 5 Luxury Armored Cars for Personal Safety

Secure Rides Celebrities’ Top 5 Luxury Armored Cars for Personal Safety

November 12, 2023 Reeti Garg 0

Explore the epitome of luxury and security with Celebrities’ Top 5 Armored Cars. Unveiling the ultimate in personal safety and style for high-profile individuals on the road.

Stimulus Checks Update: Californians To Receive Late Payments September End

EUR/USD: Economic Struggles and Future Perspectives

November 8, 2023 Reeti Garg 0

The US dollar and the Euro are two prominent currencies in the global financial landscape, each with its unique challenges and implications for the world […]

Is NewCasino a Pioneer In the iGaming Technology Trends?

Is NewCasino a Pioneer In the iGaming Technology Trends?

November 2, 2023 Reeti Garg 0

Meta: A closer look at how the official online casino review site called NewCasinos is a pioneer in iGaming technology trends. The official NewCasinos.com website […]

Startup Ecosystem in Asia: Success Stories and Lessons Learned

Startup Ecosystem in Asia: Success Stories and Lessons Learned

October 30, 2023 Reeti Garg 0

Asia, with its diverse cultures and rapid technological advancements, is bursting at the seams with innovative ideas and entrepreneurial spirits. Walk through the bustling streets […]

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Winter Safety Tips From a Physical Therapist

October 27, 2023 Reeti Garg 0

Winter is a time of fun and playing as you enter this new season of the year. From playing in the snow to participating in […]

Thailand Moves to Legalize Casinos

Ryan Spencer from JohnSlots Shares His Insights About the Importance of Secure Transactions For Players

October 19, 2023 Reeti Garg 0

The world of online casinos has witnessed tremendous growth over the years, with players from all corners of the globe logging in for their share […]

NFTs in Esports Betting: The Future of Wagering

NFTs in Esports Betting: The Future of Wagering

October 12, 2023 Reeti Garg 0

Esports betting has taken the gambling industry by storm, offering an immersive experience for enthusiasts worldwide. As the digital landscape evolves, a new player is […]

horse betting

Mahadev Betting App Case: ED Exposes Rs 5000 Crore Illicit Gambling Empire

October 9, 2023 Reeti Garg 0

The prime accused, Saurabh Chandrakar, and his associate Ravi Uppal are suspected to have masterminded not one but 60 illicit offshore gambling platforms, including the notorious Mahadev app.

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The Online Casino Advantage: A Guide to Utilizing Internet Tools for User Acquisition and Retention

October 6, 2023 Reeti Garg 0

The online casino industry has seen significant growth in recent years, thanks to the advancement in internet technology. With the rise of online gambling platforms, […]

Exempt Entities Under Corporate Tax in UAE The UAE Corporate Tax Law grants exemptions to certain individuals and entities. These exemptions are vested in public interest and policy considerations which create an equitable and balanced tax framework. This article explains various categories of exempt entities and the conditions to determine their tax exemption. Therefore, it is advisable for Taxable Persons to seek the expert services like Farahat and Co. of trusted Tax Consultants in UAE to effectively determine taxability in compliance with the statutory Law. Exemption of Government Entities: The first category of exempt entities encompasses government entities at both the federal and local levels. This includes all government bodies, ministries, departments, and public agencies that are integral parts of the respective government structures. Government entities encompass ministries, federal authorities, municipalities, and local government agencies. The rationale behind exempting government entities lies in the fact that their activities are conducted as part of their official duties and responsibilities within the government. Consequently, these entities are automatically eligible for exemption, obviating the need for additional paperwork or applications. Entities Controlled by Government: Entities controlled by the government are distinct legal entities with separate juridical personalities from the government. While they may engage in activities similar to those of the overseeing government entity, they do not inherently enjoy automatic corporate tax exemption. To qualify for tax exemption, government-controlled entities must secure explicit inclusion in a Cabinet Decision, as per Article 1 of the UAE Corporate Tax Law. Additionally, these entities must fulfill specific requisites, including complete ownership by one or more government entities and the allocation of their earnings to the government's treasury. The composition of their board of directors also holds significance in determining their classification as government-controlled entities. Entities Engaged in Natural Resources Business (Extractive and Non-Extractive): While these entities are exempt from corporate tax, it's important to note that the treatment of Emirate-level taxation may differ (Article 4, Clauses 1c and 1d). The UAE Constitution designates natural resources in each Emirate as public property, and those involved in the extraction and exploitation of these resources may be liable for taxes at the Emirate level. To promote the development of the resource sector, the Corporate Tax Law provides exemptions for individuals engaged in both extractive and non-extractive aspects of the natural resources value chain. The provision pertaining to extractive businesses covers activities such as quartering, dredging, exploring, extracting, removing, or producing natural resources, such as oil and gas (Article 4, Clause 1c of the CTL). Clause 1d of the CTL encompasses non-extractive natural resource businesses, specifically including midstream and downstream subsectors. This encompasses activities related to the processing, transportation, storage, marketing, distribution, and selling of natural resource products, such as oil and gas. It is important to highlight that renewable energy sources, such as solar and wind energy, as well as agricultural activities involving plants and animals, do not qualify for the tax exemption provided to natural resource businesses. Qualifying Public Benefit Entities: Another category of exempt entities under the Corporate Tax Law includes Qualifying Public Benefit Entities, as outlined in Article 4, Clause 1e. These entities are recognized and eligible for tax exemption based on specific criteria delineated in the law. These entities are not government-controlled but are established for public benefit purposes, such as charitable organizations, non-governmental organizations (NGOs), and certain non-profit organizations. To qualify for tax exemption under Clause 1e, these entities must meet specific criteria and conditions, which may vary depending on their nature and objectives. Generally, they must engage in activities that provide genuine public benefit and refrain from distributing profits to private individuals. Additionally, they may need to undergo a registration process or obtain a certificate of public benefit status from the relevant authorities. Private Social Security and Pension Funds: The exemption provided by the Corporate Tax Law extends to private social security funds, which play a pivotal role in supporting individuals’ post-retirement. These funds are designed to finance end-of-service benefits and enjoy tax exemptions akin to private pension funds. To qualify for tax exemption, the fund must consist of assets specifically allocated by law or contract for end-of-service benefits. By encouraging the establishment of private social security funds, the new law aims to provide a safety net for employees and ensure financial stability during retirement, thereby promoting comprehensive social security coverage for the workforce. Tax Obligations for Exempt Entities: While exempt entities are not subject to corporate tax on their qualifying income, they may still be liable for other taxes, such as Value Added Tax (VAT) and withholding tax. Furthermore, certain activities conducted by exempt entities may fall outside the scope of their exemption and could be subject to corporate tax. The responsibility rests upon exempt entities to remain vigilant about their tax obligations, staying abreast of any changes in tax laws or regulations that could affect their status. Non-compliance with regulatory tax requirements could result in punitive measures and other legal consequences. Seek the expert services of Top Tax Consultants in UAE Corporate tax exemption in the UAE extends to diverse entities and individuals based on a specific criterion. Moreover, other individuals or entities may apply for Exempt Person status contingent on their circumstances and eligibility. A comprehensive understanding of these exemptions is imperative for taxpayers and businesses to ensure compliance and make informed decisions amid the evolving economic landscape. Thus, it is advisable for Taxable Persons to seek the expert services of trusted Tax Consultants in UAE to effectively determine taxability in compliance with the statutory Law. Therefore, contact us today and we shall be glad to assist you. Exempt Entities Under Corporate Tax in UAE

Exempt Entities Under Corporate Tax in UAE

October 6, 2023 Reeti Garg 0

The UAE Corporate Tax Law grants exemptions to certain individuals and entities. These exemptions are vested in public interest and policy considerations which create […]

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