by PREMA Team | Feb 16, 2024 | Other Tax, VAT
The UAE is not planning to introduce any changes in its corporate tax structure this year. Neither will it implement an income tax nor raise the value added tax (VAT), Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, told Zawya. “We have...
by Manish Sharma | Jan 26, 2024 | Other Tax
Abu Dhabi: The UAE has no plans to impose income tax on individuals, according to Ministry of Finance’s Undersecretary Younis Al Khouri. Al Khouri clarified the government’s position during the 9th meeting of the Under-Secretaries of Ministries of Finance in the...
by Danissa Guotana | Jun 6, 2023 | Accounting, Business, Corporate Tax, Other Tax
The UAE has issued rules on whether income from real estate investments is subject to corporate tax in the country. The Ministry of Finance announced the rules in a cabinet decision, which clarifies rules on property across the United Arab Emirates. It outlines...
by Danissa Guotana | May 31, 2023 | Accounting, Business, CFO, Corporate Tax, Other Tax
On Tuesday, the UAE Ministry of Finance announced three new around the nation’s corporate tax regime. The decisions, which fall under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, include various features related to...
by Danissa Guotana | May 31, 2023 | Business, Corporate Tax, Other Tax
The UAE has issued rules governing transitioning of assets ahead of the country’s new corporate tax laws. The decision provides guidance on whether real estate assets will be considered for taxable purposes and how companies can provide an accurate balance sheet when...
by Danissa Guotana | May 24, 2023 | Accounting, Business, Corporate Tax, Other Tax
The UAE’s Ministry of Finance has announced three new decisions relating to corporate tax. The ministerial decisions clarify the conditions for the exemption of private regulated pensions and social security funds; the basis of preparing financial statements and...
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