Pre-Incorporation & Pre-Operating Expenses: Are They Deductible Under UAE CT Law? |Spectrum Auditing 

Pre-Incorporation & Pre-Operating Expenses: Are They Deductible Under UAE CT Law?
Understanding the deductibility of pre-incorporation and pre-operating expenses is crucial for businesses setting up in the UAE. Pre-incorporation expenses, such as trade license fees, consultancy fees, and market research, are incurred before a company is formally established. These costs are often substantial, and knowing whether they are deductible under UAE Corporate Tax (CT) law can significantly impact your business's financial planning.
Similarly, pre-operating expenses, which are incurred after the company’s incorporation but before the start of its operations, need to be carefully evaluated. These expenses might include costs related to setting up the infrastructure, training employees, and other preparatory activities before the company begins trading. This video will guide you through the nuances of UAE CT law to help you determine whether these expenses can be claimed as deductions, ensuring you stay compliant while optimizing your tax liabilities.
Spectrum Auditing is a Dubai, UAE based auditing, assurance, tax, accounting and consulting firm with offices in India and Oman and partners across the world. Visit:
www.spectrumaccounts.com
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