by Danissa Guotana | Mar 17, 2023 | Business, Corporate Tax, Other Tax, VAT
The Federal Tax Authority (FTA) has launched the “Muwafaq Package” initiative, which aims to facilitate doing business and tax compliance in the small and medium-sized enterprises (SMEs) sector by offering them a set of customised services, incentives, and...
by Danissa Guotana | Mar 8, 2023 | Business, Other Tax
Those who are in the UAE for 183 days or more are tax residents, as part of the new Ministry of Finance guidelines released on March 1. According to the guidelines, an individual’s usual place of residence will be considered in the UAE if they normally or...
by Danissa Guotana | Mar 1, 2023 | Business, Other Tax
All days – or parts of a day – in which an individual is physically present in the UAE will be counted in deciding whether the 183-day or 90-day thresholds are met. In addition, an individual does not need to own his ‘permanent place of residence’ –...
by Danissa Guotana | Feb 14, 2023 | Business, Other Tax
Operation 300bn, the National In-Country Value (ICV) scheme and the first Make It In The Emirates campaign were among some of the major achievements of the UAE’s Ministry of Industry and Advanced Technology (MoIAT) last year, according to a new...
by Danissa Guotana | Jan 6, 2023 | Other Tax
Tax experts on Thursday welcomed the Dubai Economic Agenda announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai and said it will help attract more high net worth individuals (HNWIs) to explore...
by Danissa Guotana | Jan 5, 2023 | Other Tax
Dubai rang in the new year by suspending a 30 per cent tax on alcohol sales as the emirate seeks to consolidate its position as the Gulf’s tourism and business hotspot. The initiative, which took effect on Sunday, will last for a year and has been described as a trial...
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