by PREMA Team | Feb 20, 2025 | Corporate Tax, Other Tax, VAT
The UAE is clamping down on counterfeit cigarettes and soft drinks as it boosts tax compliance with massive increase in field inspections. In efforts that support the protection of consumer rights, the Federal Tax Authority (FTA), in cooperation with the relevant...
by PREMA Team | Feb 19, 2025 | Business, Corporate Tax
Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued a law on corporate tax for both extractive and non-extractive natural resources in the emirate of Sharjah. The law stipulates that companies engaged in extractive...
by PREMA Team | Jan 7, 2025 | Business, Corporate Tax
KUWAIT CITY: The 15% tax law, set to take effect for multinational entities starting from tax periods beginning on or after January 1, includes a nine-month grace period for companies to apply for registration without incurring administrative penalties. The Ministry...
by PREMA Team | Dec 26, 2024 | Corporate Tax
The FTA has streamlined the Corporate Tax registration process through the EmaraTax digital platform, accessible 24/7 The Federal Tax Authority (FTA) has urged all Resident Juridical Persons with licences issued in December, regardless of the year of issuance, to...
by PREMA Team | Dec 24, 2024 | Corporate Tax
The UAE Ministry of Finance on Monday announced a series of administrative reliefs and clarifications for businesses forming tax groups. The revised provisions simplify the requirements imposed on foreign juridical persons that are considered resident persons in the...
by PREMA Team | Dec 20, 2024 | Business, Corporate Tax
The UAE has more than 450,000 companies registered for Corporate Tax, according to Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA). The figure demonstrates the strong commitment from the business sector to align with the new tax...
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