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UAE: Federal Tax Authority launches ‘Muwafaq Package’

UAE: Federal Tax Authority launches ‘Muwafaq Package’

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...
Residency certificate: Application, cost, and more.

Residency certificate: Application, cost, and more.

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...
Dubai: The UAE Ministry of Finance has issued guidelines on determining tax residency for residents in the country.

Dubai: The UAE Ministry of Finance has issued guidelines on determining tax residency for residents in the country.

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’ –...
UAE industry strengthens with Operation 300bn and In-Country Value programme

UAE industry strengthens with Operation 300bn and In-Country Value programme

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...
D33: Tax experts expect more HNWIs to invest in Dubai

D33: Tax experts expect more HNWIs to invest in Dubai

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...
Dubai suspends 30% tax on alcohol sales to boost tourism

Dubai suspends 30% tax on alcohol sales to boost tourism

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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