Accounting Income
Accounting Income has been defined as the The accounting net profit or loss for the relevant Tax Period as per the financial statements prepared in accordance with the provisions of Article 20 of the Corporate Tax Decree-Law.
Calculation of the Taxable Income under the Under the UAE Corporate Tax is based on the Accounting Income.
Taxable income is arrived after making the specified adjustment to the Accounting Income.
Taxable Income
Taxable Income has been defined as the income that is subject to Corporate Tax under the provisions the Corporate Tax Decree-Law.
Corporate Tax is imposed on Taxable Income not on the accounting income.
Calculation of the Taxable Income under the Under the UAE Corporate Tax is based on the Accounting Income.
Taxable income is arrived after the adjustment to the Accounting Income