by Danissa Guotana | May 11, 2023 | Business, Corporate Tax, Other Tax
Dubai: The long-awaited updates related to Transfer Pricing under the UAE Corporate Tax has been issued by the Ministry of Finance. The Ministerial Decision No (97) of 2023 relate to the requirements for maintaining transfer pricing documentation. The decision...
by Danissa Guotana | May 8, 2023 | Business, Corporate Tax, Other Tax
Dubai: Businesses, their owners, and auditors in the UAE are awaiting the next big update on the corporate tax – the one related to ‘qualifying income’ for free zone entities and on which they get the 0 per cent tax benefit. A decision on this is ‘imminent’, according...
by Danissa Guotana | May 3, 2023 | Business, Corporate Tax, Other Tax
UAE businesses will become subject to corporate tax from the beginning of their first fiscal year that begins on or after June 1, 2023 – here is everything you need to know as the deadline looms. The UAE officially issued a federal decree-law on corporate...
by Danissa Guotana | May 1, 2023 | Business, Corporate Tax, Other Tax, VAT
The Federal Tax Authority (FTA) will launch four transformative projects aimed at enhancing the UAE’s competitiveness and realising its vision for the future. A Muwafaq package is designed to boost ease of doing business and tax compliance of small and medium-sized...
by Danissa Guotana | Apr 11, 2023 | Corporate Tax, Other Tax
ABU DHABI – The Ministry of Finance has issued Ministerial Decision No. 43 of 2023 on the exception from tax registration for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax Law). The decision is...
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...
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