Small Business Relief on corporate tax must be actively claimed when filing

A UAE business generating Dh2.9 million in revenue and Dh2.5 million in profit could still qualify for Small Business Relief, but it may miss the benefit if the option is not selected when filing its corporate tax return. Mayank Sawhney of MaxGrowth Consulting said smaller companies may be unaware that the relief must be actively claimed, even when their revenue falls within the qualifying threshold. The relief reduces the corporate tax burden on businesses with revenue of up to Dh3 million. Businesses must also monitor revenue throughout the relief period because crossing the Dh3 million threshold in one year could affect their eligibility in later periods.