UAE Small Business Relief (SBR) - experiences?

[bigbite100]

hello, has anyone here applied yet for the SBR with a FZCO?

How did it go? have you been accepted?

I read that local business (customers) is required or preferred to get accepted for the SBR?

Besides that, only requiremend is less then 3M AED revenue per year?

Curious to hear from you.

 

[RickWolf]

Curious about this also, just looked it up earlier and language suggests Freezone is not eligible but it's a little ambiguous:

"Who cannot elect for the Relief?

A Qualifying Free Zone Person
A member of a multinational group with consolidated group revenue of more than AED 3.15 billion"

https://tax.gov.ae/en/taxes/corporate.tax/corporate.tax.topics/small.business.relief.23.aspx

 

[Nomado]

A qualifying freezone is not a normal freezone. The term qualifying freezone is define in the page.

 

[RickWolf]

A qualifying freezone is not a normal freezone. The term qualifying freezone is define in the page.

So a regular Freezone (IFZA) is qualifying? Have you qualified?

 

[JustAnotherNomad]

If I remember correctly, qualifying freezone entities are tax free. They are named like that because they qualify for a tax exemption.
So it makes sense that they can't apply for the SBR.

 

[RickWolf]

If I remember correctly, qualifying freezone entities are tax free. They are named like that because they qualify for a tax exemption.
So it makes sense that they can't apply for the SBR.

Sorry my English is not great, what I meant to ask was are normal freezones eligible for the SBR? How does one determine this?

 

[JustAnotherNomad]

Yes, regular freezone companies should be eligible for the SBR:

Therefore, a Free Zone entity electing to join the normal scheme with standard rate of CIT of 9%, is eligible to apply for Small Business Relief (subject to the Scheme conditions). Of important note is the Free Zone entity, once elected to the standard scheme, becomes ineligible to apply for the Free Zone Exemption to attain status as a Qualifying Free Zone Person (QFZP).

https://www.simplysolved.ae/uae-cor...corporate-tax-guide-on-small-business-relief/