by PREMA Team | Aug 5, 2025 | Corporate Tax, Other Tax, VAT
The Ministry of Finance and the Federal Tax Authority (FTA) in UAE have announced a major revision to the excise tax structure applied to sugar-sweetened beverages (SSBs), introducing a new tiered volumetric model that links the tax per litre to the beverage’s sugar...
by Danissa Guotana | Jul 25, 2025 | Business, Corporate Tax, Other Tax, VAT
The UAE has emerged as the world’s most attractive destination for wealth preservation, with Abu Dhabi and Dubai topping the newly released Tax Friendly Cities Index 2025 by global mobility platform Multipolitan. The report underscores the UAE’s status as a global hub...
by PREMA Team | Jun 25, 2025 | Corporate Tax, Other Tax
The UAE Ministry of Finance has released Mutual Agreement Procedure (MAP) guidance to help taxpayers avoid double taxation through its global tax treaty network. The UAE Ministry of Finance has issued official Mutual Agreement Procedure (MAP) guidance to...
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 | Nov 19, 2024 | Corporate Tax, Other Tax
The UAE’s Ministry of Finance announced Monday that it there would be amendments to Ministerial Decision Nos. (261) of 2024 on Unincorporated Partnerships, Foreign Partnerships and Family Foundations for the purposes of Federal Decree-Law No. 47 of 2022 on the...
by PREMA Team | Nov 18, 2024 | Business, Other Tax
Oman is on course to become the first Gulf Cooperation Council (GCC) state to introduce a personal income tax as the sultanate ramps up efforts to boost revenue and diversify its economy away from hydrocarbons. The draft law, approved by Oman’s Parliament in July, has...
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