by PREMA Team | Dec 24, 2024 | Corporate Tax
The UAE Ministry of Finance on Monday announced a series of administrative reliefs and clarifications for businesses forming tax groups. The revised provisions simplify the requirements imposed on foreign juridical persons that are considered resident persons in the...
by PREMA Team | Dec 23, 2024 | Business
Dubai has introduced new laws and media guidelines as it looks to boost the film and gaming industries in the city. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued Law No. (29) of 2024 pertaining to...
by PREMA Team | Dec 20, 2024 | PREMA Insights
The UAE’s Federal Tax Authority (FTA) allows businesses to make various elections in their Corporate Tax Returns, tailoring tax obligations to the unique needs of each entity. Below is an overview of the available elections, their implications, and practical examples...
by PREMA Team | Dec 20, 2024 | Business, Corporate Tax
The UAE has more than 450,000 companies registered for Corporate Tax, according to Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA). The figure demonstrates the strong commitment from the business sector to align with the new tax...
by PREMA Team | Dec 18, 2024 | Business
India’s imports from the UAE, a free trade agreement partner, jumped 109.57 per cent year-on-year to $6.12 billion in November, official data showed. The South Asian country’s exports to the UAE, on the other hand, rose by 11.38 per cent to $3 billion last month,...
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