by Danissa Guotana | Jun 14, 2023 | Business, Corporate Tax
Dubai: UAE businesses with considerable property assets on their books are getting a tax ‘break’ as the country moves into its Corporate Tax regime on June 1. The Ministry of Finance’s newly released ‘transitional rules’ apply across assets held by business, tangible...
by Danissa Guotana | Jun 13, 2023 | Business
India and the UAE look to more than double non-oil bilateral trade to USD 100 billion by 2030, Commerce and Industry Minister Piyush Goyal said on Monday. At present, the non-oil bilateral trade stands at USD 48 billion. The new target was agreed upon during the first...
by Danissa Guotana | Jun 9, 2023 | Business
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), announced the launch of the Dubai Centre for Artificial Intelligence (DCAI). The...
by Danissa Guotana | Jun 8, 2023 | Business, ESG
ESG refers to the three key areas that companies should consider when evaluating their overall impact on society and the environment. Let’s take a closer look at each of these components: Environmental: This aspect focuses on a company’s environmental...
by Danissa Guotana | Jun 6, 2023 | Accounting, Business, Corporate Tax, Other Tax
The UAE has issued rules on whether income from real estate investments is subject to corporate tax in the country. The Ministry of Finance announced the rules in a cabinet decision, which clarifies rules on property across the United Arab Emirates. It outlines...
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