by PREMA Team | Aug 15, 2024 | Business
The PwC Middle East’s latest IPO+ Watch said that notable IPOs in the second quarter included Alef Education on the Abu Dhabi Securities Exchange (ADX) with US$515 million and Spinneys on the Dubai Financial Market (DFM) with US$375 million, two of the largest IPOs in...
by PREMA Team | Aug 14, 2024 | Corporate Tax
The UAE has issued a clarification on rules for payment of Corporate Tax in the country. The Federal Tax Authority (FTA) confirmed that the first Tax Period of a newly established company, in respect of a juridical person subject to Corporate Tax, is determined...
by PREMA Team | Aug 13, 2024 | AML
The administrative sanction followed the findings of an examination conducted by the CBUAE in April 2022. Image: Shutterstock The Central Bank of the UAE (CBUAE) imposed an administrative sanction on an insurance company operating in the UAE. The sanction is...
by PREMA Team | Aug 12, 2024 | AML
The Government of the UAE has issued a Federal Decree-Law amending some provisions of the Federal Decree-Law on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations. In line with the ongoing development of the...
by PREMA Team | Aug 9, 2024 | Corporate Tax, VAT
In accordance with Federal Decree-Law No. 8 of 2017 on Value Added Tax and subsequent Cabinet Decisions, specific designated zones in the UAE are treated as outside the UAE for VAT purposes. This status provides significant tax benefits for businesses operating within...
Recent Comments