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Conditions for Change in Tax Period – FTA Decision No. 5 of 2023

Conditions for Change in Tax Period – FTA Decision No. 5 of 2023

by Danissa Guotana | Apr 26, 2023 | Business, Corporate Tax

Article 1 – Definitions The words and expressions contained in this Decision shall have the same meaning assigned against each in the Federal Decree-Law No. 47 of 2022 referred to above, unless the context otherwise requires. Article 2 – Conditions for Change in Tax...
UAE to offer corporate tax relief to ‘public benefit’ entities

UAE to offer corporate tax relief to ‘public benefit’ entities

by Danissa Guotana | Apr 24, 2023 | Business, Corporate Tax

The tax exemption is aimed at designed to reflect these entities’ important role in the country, which often includes religious, charitable, scientific, educational or cultural value. The UAE said to qualify for the exemption, eligible entities must meet the...
UAE’s GDP doubled, foreign trade jumped 5 times in 17 years: Sheikh Mohammed

UAE’s GDP doubled, foreign trade jumped 5 times in 17 years: Sheikh Mohammed

by Danissa Guotana | Apr 19, 2023 | Uncategorized

The UAE economy has seen remarkable growth in the past 17 years ever since His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, took the reins of the government – with the real GDP more than doubling...
UAE’s SCA activates applications for legacy virtual asset operators

UAE’s SCA activates applications for legacy virtual asset operators

by Danissa Guotana | Apr 17, 2023 | Business

Dubai: The Securities and Commodities Authority announced the start of receiving applications for licencing companies wishing to provide virtual asset services, on Sunday, following the approval of the authority’s Board of Directors on the decision to regulate...
Dubai’s booming property market sets new records as sales and rents surge

Dubai’s booming property market sets new records as sales and rents surge

by Danissa Guotana | Apr 14, 2023 | Business

Just three months into 2023, Dubai’s red hot property market has net new records for transaction volumes as the global buyers and investors continue throng to the glitzy city. In the year to date to March 2023, the total transaction volume reached 29,323, which...

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