by Danissa Guotana | May 31, 2023 | Accounting, Business, CFO, Corporate Tax, Other Tax
On Tuesday, the UAE Ministry of Finance announced three new around the nation’s corporate tax regime. The decisions, which fall under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, include various features related to...
by Danissa Guotana | May 31, 2023 | Business, Corporate Tax, Other Tax
The UAE has issued rules governing transitioning of assets ahead of the country’s new corporate tax laws. The decision provides guidance on whether real estate assets will be considered for taxable purposes and how companies can provide an accurate balance sheet when...
by Danissa Guotana | May 26, 2023 | AML
A court in the UAE has jailed a man convicted of embezzling AED40m ($10.9m) from his employer to fund a luxury lifestyle. The convict used the embezzled funds to buy luxury cars, valuable jewellery and international holidays. He has been jailed and ordered to return...
by Danissa Guotana | May 25, 2023 | AML, Business
The Central Bank of the UAE (CBUAE) has removed the entire board of directors of an insurance company operating locally and replaced it with a temporary committee of experts for six months. This administrative sanction is imposed in accordance with Article 41 of...
by Danissa Guotana | May 24, 2023 | Accounting, Business, Corporate Tax, Other Tax
The UAE’s Ministry of Finance has announced three new decisions relating to corporate tax. The ministerial decisions clarify the conditions for the exemption of private regulated pensions and social security funds; the basis of preparing financial statements and...
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