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 Co...
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...
Income tax is a levy levied by governments on businesses and individuals that conduct their operations inside their jurisdiction's borders. Most countries have a progressive tax system, which implies that individuals or businesses with higher incomes pay a bigger proportion of their incomes in taxes ...
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...
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. It...
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. ...
Providing latest updates on Direct and Indirect Tax laws including income tax and GST with Corporate Laws which are being used by the professionals and business entities in day to day activity.
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 commi...
The UAE does levy corporate taxes on oil companies and foreign banks. It also levies avalue-added tax (VAT)on most goods and services. As of June 2023, there is a flat 9% corporate tax on companies that earn more than AED 375,000 per year.4 ...