by PREMA Team | Jul 7, 2025 | PREMA Insights
The Ministry of Finance has issued updated guidance on the formation, operation, and compliance obligations of Tax Groups under Federal Decree-Law No. 47 of 2022 (UAE Corporate Tax Law). Here’s what businesses need to know: 1. Who Can Form a Tax Group? A Parent...
by PREMA Team | Jul 7, 2025 | Business
Qatar’s General Tax Authority (GTA) has successfully granted full exemptions on penalties totalling more than QR900m ($247m) to 4,000 taxpayers since the rollout of its 100 per cent Financial Penalty Exemption Initiative on March 1, 2025. The initiative...
by PREMA Team | Jul 4, 2025 | Business
The UAE and India are developing economic ties as more firms set up in the Middle East. Abdulla bin Touq Al Marri, UAE Minister of Economy and Tourism, welcomed H. D. Kumaraswamy, India’s Minister of Steel and Heavy Industries, and his delegation for a...
by PREMA Team | Jul 3, 2025 | Business
The Abu Dhabi SME Champions Program, led by Khalifa Fund for Enterprise Development, has generated 652 procurement deals worth AED 672 million ($183m) by 2024, marking a major milestone in the UAE’s push to empower small and medium-sized enterprises...
by PREMA Team | Jul 2, 2025 | Uncategorized
The Kuwait Ministry of Finance has issued a landmark decree introducing executive regulations for taxing multinational enterprise (MNE) groups — marking a major step in the country’s economic reform agenda and commitment to diversifying income beyond oil...
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