by admin | Nov 18, 2022 | VAT
The UAE’s Ministry of Finance (MOF) on Thursday said director services undertaken by natural persons serving as members of boards at entities and institutions across the UAE will not be subject to value-added tax (VAT) from January 1, 2023. Meanwhile, VAT will still...
by admin | Nov 17, 2022 | Corporate Tax, Other Tax, VAT
Monetary rewards will be offered to informants if their report on tax evasion or violation leads the UAE’s Federal Tax Authority to collect tax amounts worth more than AED 50,000 The UAE’s Federal Tax Authority (FTA) has launched Raqeeb, its “whistle-blower programme...
by admin | Nov 16, 2022 | AML
Two African men seized $200,000 (Dh734,620) by duping him with a deal of 33kg gold, worth $1,320,000 (Dh4,848,492). The Dubai Misdemeanours and Violations Court convicted and sentenced them to three months in prison and asked them to pay a fine of $200,000, in...
by admin | Nov 16, 2022 | Customs and Excise, VAT
The Federal Tax Authority (FTA) on Sunday confirmed its intention to launch the EmaraTax platform on December 5 and said migration to the new platform will commence from November 30. In a statement, the authority said it planned migration to EmaraTax to coincide with...
by admin | Nov 11, 2022 | Business
Dubai’s prime real estate sector continued to sustain its growth, with the sales volume surging by 23% as a total of 6,893 property transactions worth AED21.5 billion ($5.85 billion) took place in Q2, says an analysis by Luxhabitat Sotheby’s. According to property...
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