In the UAE there are more than 45 free trade zones with their specific regulations. FTZ offer tax holidays of 10-50 years. In certain FTZ there is also an exemption from customs duties. Capital Gains There is no tax on capital gains for both individuals and companies. Offset of losses ...
The UAE's economy is projected to grow by 5 percent in 2024, a leading member of the government has reiterated. UAE new investors June 2023 Dubai Financial Market adds 26,953 new investor accounts in first half of 2023. Brokerage companies at the Dubai Financial Market added 26,953 new inv...
Introduction of UAE Corporate Income Tax30/03/2023 On 9 December 2022, the UAE’s Ministry of Finance released new legislation on the taxation of corporations and businesses, which will apply to all taxable persons for financial years starting on or after 1 June 2023. Read our summary for ...
There is currently no personal income tax in the United Arab Emirates. As such, there are no individual tax registration or reporting obligations. Under the Federal Decree-Law No. 47 of 2022 on the Taxation on Corporations and Businesses (‘UAE CT Law’), natural persons who conduct a busine...
An Overview of Income Tax Notice The Indian tax system includes an essential portion of income tax, and taxpayers must abide by its rules. However, there are times when the tax authorities may send income tax notices to people or companies. The tax division uses these notifications to communica...
relevant offering documents and seek independent legal, tax and regulatory advice. In particular, we recommend you to seek advice regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs, before you make a comm...
Income Tax Return filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. ITR Filing process is regulated under the Income Tax Act 1961.
The article reports on a double tax treaty signed between Serbia and the United Arab Emirates that focuses on income and capital on March 15, 2013. It mentions that the treaty will implement certain taxes on fixed place of business in the countries such as a building or construction site. ...
Q. What are the due dates of filing Income Tax Returns ? -For Individuals, the last date of filing Income Tax Return is 31st July of next financial year -For Companies & Persons who require tax audit under section 44AB, the last date of filing Income Tax Return is 30th September of ne...
There are a number of oil countries in the Middle East that have no income or corporate tax, and the UAE is considered one of the most attractive with a relatively stable government andeconomy. The UAE has a thriving economy and a more multicultural environment than the majority of countries ...