Request for assessment by a taxable person under the UAE corporate tax law The FTA will put forth the specific conditions under which a taxable person may request for a tax assessment to be undertaken. These will be in accordance with theUAE corporate taxlaw. The FTA will only allow the ass...
Under the recent cabinet decision, these entities must meet the conditions under Article (9) of the Corporate Tax Law, continue to comply with all relevant federal and local laws and notify the Ministry of Finance of any changes that impact their status as a Qualifying Public Benefit Entity, t...
Positive outlook In 2016, the UAE government famously appointed a Minister of Happiness to boost wellbeing, supported by a ‘national programme for happiness and positivity’. For many, the hot climate, tax-free earnings policy and lavish leisure opportunities are part of what make this such a ...
As a local law firm, we are well aware of UAE VAT Law, and we provide affordable and best possible solution for VAT implementation in UAE. Contact us for Consultation on VAT in UAE, Tax in Dubai and VAT Registration.VAT in UAE/ Tax in UAE ...
UAE Expected to Issue Draft Law on Corporate Tax and VATOwen E. Waft
Foreign partnerships are treated as fiscally transparent unincorporated partnerships under UAE corporate tax law if they meet specific criteria. They must not be taxed in their foreign jurisdiction, and each partner must pay tax on their share of income. The partnership mu...
Emirates Diary helps find jobs in Dubai and in-depth information on UAE Labour Law. I cover various topics Leaves, Gratuity, Labour Law, Visa, Immigration etc...
Penalties:In case theSCAdirects the market to unwind anSLBtransaction, then the DFM has the authority to do so, and such a right shall be reserved by the market. Such anSLBtransaction can also be withdrawn by the DFM in accordance with the law or any government policy directive. The mark...
On March 7, Law No. (1) of 2024 (“Law”) on taxation of foreign banks operating in Dubai was issued by the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. This decision is effective from the date of its publication in the official...
UAE Expected to Issue Draft Law on Corporate Tax and VATJennifer A. Lovesy