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Embracing Sustainability: The Value of ESG in Today’s Business Landscape

Embracing Sustainability: The Value of ESG in Today’s Business Landscape

by Danissa Guotana | Jun 8, 2023 | Business, ESG

ESG refers to the three key areas that companies should consider when evaluating their overall impact on society and the environment. Let’s take a closer look at each of these components: Environmental: This aspect focuses on a company’s environmental...
UAE announces rules on tax for real estate investments

UAE announces rules on tax for real estate investments

by Danissa Guotana | Jun 6, 2023 | Accounting, Business, Corporate Tax, Other Tax

The UAE has issued rules on whether income from real estate investments is subject to corporate tax in the country. The Ministry of Finance announced the rules in a cabinet decision, which clarifies rules on property across the United Arab Emirates. It outlines...
UAE imposes Dh65.9 million fines on 137 firms for not following anti-money laundering rules

UAE imposes Dh65.9 million fines on 137 firms for not following anti-money laundering rules

by Danissa Guotana | Jun 1, 2023 | AML, Business

In the first quarter of 2023, the Ministry of Economy imposed fines worth Dh65.9 million on 137 companies operating in the UAE’s designated non-financial business or professions (DNFBP) sector, following an inspection of 840 companies for failing to comply with...
UAE announces three new corporate tax exemptions

UAE announces three new corporate tax exemptions

by Danissa Guotana | May 31, 2023 | Accounting, Business, CFO, Corporate Tax, Other Tax

On Tuesday, the UAE Ministry of Finance announced three new around the nation’s corporate tax regime. The decisions, which fall under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, include various features related to...
UAE announces rules on tax and real estate

UAE announces rules on tax and real estate

by Danissa Guotana | May 31, 2023 | Business, Corporate Tax, Other Tax

The UAE has issued rules governing transitioning of assets ahead of the country’s new corporate tax laws. The decision provides guidance on whether real estate assets will be considered for taxable purposes and how companies can provide an accurate balance sheet when...
UAE Central Bank removes entire board of directors of insurance company

UAE Central Bank removes entire board of directors of insurance company

by Danissa Guotana | May 25, 2023 | AML, Business

The Central Bank of the UAE (CBUAE) has removed the entire board of directors of an insurance company operating locally and replaced it with a temporary committee of experts for six months.  This administrative sanction is imposed in accordance with Article 41 of...

Recent Posts

  • Embracing Sustainability: The Value of ESG in Today’s Business Landscape
  • UAE announces rules on tax for real estate investments
  • UAE imposes Dh65.9 million fines on 137 firms for not following anti-money laundering rules
  • UAE announces three new corporate tax exemptions
  • UAE announces rules on tax and real estate

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