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...
by PREMA Team | Nov 7, 2024 | Corporate Tax, Other Tax, VAT
The UAE has offered a grace period to taxpayers to help them avoid fines and penalties resulting from tax records. The Federal Tax Authority (FTA) announced a new decision to support businesses in efficiently meeting their tax obligations, offering...
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 Danissa Guotana | Apr 2, 2024 | Corporate Tax, Other Tax, VAT
ABU DHABI, 1st April, 2024 (WAM) — The Federal Tax Authority (FTA) asserted that providing the EmaraTax app for smart tax services to users was a landmark step towards enhancing the quality of the Authority’s services. The FTA noted that the app, launched in...
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