Tally Solutions|Updated on: April 20, 2023 Corporate tax assessment under the UAE corporate tax law Request for assessment by a taxable person under the UAE corporate tax law Penalties imposed on a taxable person for violation of provisions of UAE corporate tax law ...
Thus, the latest decision aims to reflect these entities’ important role in the UAE, which includes supporting religious, charitable, scientific, and educational initiatives, or promoting cultural values, among others. Tax law reforms Under the recent cabinet decision, these entities must meet the ...
UAE Expected to Issue Draft Law on Corporate Tax and VATJennifer A. Lovesy
(LLCs), being taxed at the entity level rather than at the individual partner level. Partners in these partnerships typically receive profits that are not subject to corporate tax, as the partnership is considered a resident person in the UAE. The corporate tax law ...
Advising Helios Towers on the Omani law aspects of the USD575 million acquisition of a tower portfolio from Omantel. Advising Suez Cement Company on the sale of its controlling interest in Hilal Cement Company to Boodai Enterprises Company, conducted via an auction sale process through Boursa Kuwait...
ACAMs Head Office is strategically located at Seletar Airport Singapore with an additional full operations, maintenance and support bases in Jakarta, Indonesia, Dubai UAE and in 2023 the Company announced its newest office located in Melbourne, Australia with the formation of ACAM Pacific which ...
20 Nov2023 Income Tax Amendment in Qatar Income Tax Amendment in Qatar The purpose behind the amendments is to adjust the Income Tax Law with worldwide standards and best practices. It is expected that amendments to the Executive Regulations (ER) will be published soon, which will incorporate ...
6 | Viet Nam Pocket Tax Book 2024 Corporate Income Tax ("CIT") Tax rates Companies are subject to the tax rates imposed under the CIT Law. The standard CIT rate is 20%. Effective from 1 July 2023, companies operating in the oil and gas industry are subject to CIT rates ranging from ...
Key highlights Article 27 of the Corporate Tax Law in the UAE allows for BR Relief, enabling the tax-neutral restructuring or reorganisation of a business subject to satisfaction of certain conditions. Some of the critical points the guide sheds additional light on are as follows: ● Unl...
UAE Corporate Tax: Dubai Emirate Law No. 1 of 2024 - Taxation of foreign banks 5 minute read March 13, 2024 Share In brief On March 7, Law No. (1) of 2024 (“Law”) on taxation of foreign banks operating in Dubai was issued by the Ruler of Dub...