by PREMA Team | Jul 22, 2025 | Business
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued legislation establishing a framework for settling disputes arising from citizen housing building contracts in Dubai. The law, which takes effect on...
by PREMA Team | Jul 21, 2025 | Corporate Tax, VAT
On Sunday the FTA revealed the results of these systems for the first half of the year, including the VAT refund system for new residences for UAE nationals and the VAT refund system for tourists. The FTA announced that, since the launch of the service approximately...
by PREMA Team | Jul 18, 2025 | Corporate Tax
Abu Dhabi: UAE Ministry of Finance has issued a new rule allowing companies to deduct depreciation on investment properties held at fair value — a move that brings these firms in line with those using a historical cost method for accounting. The Ministerial Decision...
by PREMA Team | Jul 17, 2025 | Corporate Tax
Abu Dhabi: The Federal Tax Authority (FTA) is calling on UAE businesses to quickly register for Corporate Tax to benefit from a penalty waiver initiative that exempts them from a Dh10,000 fine for late registration. As of July 16, the number of registered entities for...
by PREMA Team | Jul 16, 2025 | AML
Dubai: In a landmark decision, the European Parliament approved removing the UAE from the EU’s list of high-risk countries for anti-money laundering (AML) and counter-terrorism financing (CFT) – and this is expected to ease compliance, speed up financial transactions,...
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