by Danissa Guotana | Oct 31, 2024 | Accounting, Business, Corporate Tax, VAT
The UAE has announced new laws to transform tax collection and record-keeping for businesses in the country. Under new rules, taxpayers in the UAE will be able to standardise and automating invoicing with new digital channels. The Ministry of Finance...
by Danissa Guotana | Jul 12, 2023 | Accounting, Business, Corporate Tax
The UAE’s Ministry of Finance (MOF) has announced five major projects as it looks to develop the national economy and government readiness. The projects include corporate tax, supply chain strategies, climate data transparency and partnerships between the...
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...
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 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...
by Danissa Guotana | May 19, 2023 | Accounting, Audit, Business, Corporate Tax, Other Tax
The UAE’s Federal Tax Authority (FTA) has introduced the ‘Tax Agents Classification’ initiative, to simplify tax compliance for taxpayers. The initiative provides an online procedure for taxpayers to select a specialised tax agent based on the sector their taxable...
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