New Dubai Customs duty charges 5% will now apply on Import of Goods exceeding AED 300 -effective dateΒ 01Β JanΒ 2023
Dubai Customs Notice No. 5 of 2022 (Notice) issued in June 2022, have come into effect from January 1, 2023Following...
Key Features UAE Corporate Tax Law- Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses
The Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses (hereinafter referred to as the “Corporate Tax Law”)...
SIGNIFICANT VAT CHANGES IN THE UAE- FEDERAL DECREE-LAW NO. 18 OF 2022
The UAE has issued Federal Decree-Law No. 18 of 2022 to amend a number of provisions of the Federal Decree-Law...
UAE CT REGIME: EXPECTED TRANSFER PRICING IMPACT, TP RULES, METHODS & DOCUMENTATION REQUIREMENTS
With the introduction of a corporate income tax. The UAE CT regime is expected to introduce TP rules and TP...
Dubai Metaverse Strategy. How to Navigate Metaverse Economy?
Dubai Metaverse Strategy. How to Navigate Metaverse Economy.The metaverse could contribute $3 trillion (β¬2.8 trillion) to the global GDP within...
EXTP007-Excise Tax Public Clarification on deficient or missing goods within a Designated Zone and Excise Tax relief Process
EXTP007 -Excise Tax Public Clarification on deficient or missing goods within a Designated Zone and the process destruction of Excise...
VAT Public Clarification VATP029 on Gold β Making charges
VAT Public Clarification VATP029 on Gold – Making charges The Federal Tax Authority (FTA) has issued a new VAT Public...
Administration of Corporate Tax- Under UAE Corporate Tax Law Consultation Document
ππππππππππππππ ππ πππππππππ πππ |Β πππΒ πππππππππ πππ πππ |Β ππππππππππππ ππππππππOn 31 January 2022, the UAE Ministry of Finance...
Tax Group Key Features- Under UAE Corporate Tax Law Consultation Document
πππ πππππ πππ π πππππππ πππ πππππππππ πππ πππ ππππππππππππ ππππππππ On 31 January 2022, the UAE Ministry of Finance announced...
Calculation of Taxable Income and Exemption under UAE Corporate Tax Law Consultation Document
πππ πππππππππ πππ πππ ππππππππππππ ππππππππ πππ π πππππππ Calculation of Taxable Income Exemptions On 31 January 2022, the UAE Ministry...
PROPOSED UAE CORPORATE TAX LAW FREE ZONE COMPANIES
πππ πππππππππ πππ ππππ πππ ππππ πππππππππππππππππππππ ππππππππ UAE Ministry of Finance has released a public consultation document on UAE Corporate...
Tourist VAT Refund Scheme- Guide for UAE Retailers
VAT refund scheme in UAE makes it possible for eligible tourists to receive a portion of VAT as a refund for...
UAE TAX FREE SHOPPING-HOW TOURIST CAN CLAIM VAT REFUND
WHAT IS TAX FREE SHOPPING? Tax Free shopping is the purchasing of certain taxable goods in the UAE which will...
VAT Refund for Foreign Businesses IN UAE
Foreign businesses / business visitors should check if they are eligible to make a claim for fund of VAT paid...
CORPORATE TAX IN UAE- GUIDE EXEMPT INCOME , TAXABLE INCOME AND ITS CALCULATION
CORPORATE TAX IN THE UAE The Ministry of Finance (MoF) defines corporate tax as a type of direct tax levied...
CT IN UAE- TREATMENT OF TAX GROUPS, CARRIED FORWARD LOSSES, TRANSFER PRICING, AND WITHHOLDING TAXES
The UAE CT regime will become effective for fiscal years starting on or after 1 June 2023 and is expected...
CT IN UAE- TREATMENT OF FREE ZONE COMPANIES, INTERNATIONAL ASPECTS, FREELANCERS AND OIL AND GAS INDUSTRIES
The 9% CT rate, which is one of the lowest CT rates globally, was most likely selected to maintain the...
UAE- SUBMISSION OF VAT REFUND APPLICATION FOR FOREIGN BUSINESSES STARTS FROM MARCH 1st, 2022
UAE β As from 1 March 2022, FTA (Federal tax authority) will open VAT Refund application window for foreign businesses...