by PREMA Team | Oct 16, 2024 | Business, Corporate Tax, Other Tax, VAT
Dubai real estate tax rules will be made clearer as the Land Department teams up with Federal Tax Authority to streamline VAT collection on property sales. The Federal Tax Authority (FTA) and the Dubai Land Department have strengthened their strategic...
by PREMA Team | Sep 23, 2024 | Corporate Tax, VAT
Dubai: Compliance with UAE’s excise and value-added tax (VAT) laws has more than doubled in the first six months of the year, but violations have also surged, according to the Federal Tax Authority (FTA) During this period, the regulator found 30,710 establishments to...
by PREMA Team | Sep 6, 2024 | Business, Corporate Tax
Bahrain said it will introduce a domestic minimum top-up tax for multinational enterprises, effective January 1, 2025, according to the state-run Bahrain News Agency, ensuring a minimum 15 per cent tax rate on profits for companies with global revenues exceeding...
by PREMA Team | Aug 14, 2024 | Corporate Tax
The UAE has issued a clarification on rules for payment of Corporate Tax in the country. The Federal Tax Authority (FTA) confirmed that the first Tax Period of a newly established company, in respect of a juridical person subject to Corporate Tax, is determined...
by PREMA Team | Aug 9, 2024 | Corporate Tax, VAT
In accordance with Federal Decree-Law No. 8 of 2017 on Value Added Tax and subsequent Cabinet Decisions, specific designated zones in the UAE are treated as outside the UAE for VAT purposes. This status provides significant tax benefits for businesses operating within...
by Danissa Guotana | Aug 1, 2024 | Corporate Tax
Who Should Read This Guide? Anyone who needs to understand how to determine taxable income and calculate corporate tax payable will find this guide useful. It should be read alongside the Corporate Tax Law, implementing decisions, and other guidance from the Federal...
Recent Comments