The anti-abuse rules are: The switch-over rule – switching from a tax exemption to a tax credit if the applicable foreign tax rate is less than 15%; The main purposes rule – the participation exemption does not apply if there is an arrangement wi...
The previously issued Cabinet Decision No 55 of 2023 and Ministerial Decision No. 139 of 2023 regarding UAE Free Zones (FZ) have been repealed and are now replaced by: Cabinet Decision No. 100 of 2023 on Determining Qualifying Income (QI) for the Qualifying Free Zone Person ...
As we all know that business issues an invoice to his customers for goods or services rendered. In this article, we will discuss the UAE VAT Tax Invoice format. UAE stands for the United Arab Emirates. Earlier GCC countries were considered as tax heavens and this was the reason for their ...
On September 13, 2024, the Canada Border Services Agency (“CBSA”) releaseda noticeof its preliminary determination of dumping in respect of certain concrete reinforcing bar from Bulgaria, Thailand and the UAE (the “Subject Goods”).