Arabian Post Staff The United Arab Emirates will introduce a corporate tax from mid-2023, the finance ministry said Monday, in a major change of course as the country seeks to diversify its income. Long known as a tax haven and the regional headquarters
UAE corporate tax is almost here – but what does it mean for the future of business in the GCC? And why has it been implemented? Oliver Wyman partner,Ibrahim Ghoul, recently shared his insights on UAE fiscal policy with Fast Company Middle East and, as he pointed out, “Such moves have...
“Looking to the medium term, we welcome the planned fiscal reforms, including the expected introduction of a corporate income tax and gradual phasing out of business fee structures” – Mr Ali Al-Eyd of the IMF, speaking following his Article IV Consultation with UAE authorities, held from 2...
The UAE has no plan to introduce personal income tax, said a senior official on Thursday.Learn More... UAE issues 2 new decisions on corporate tax regime in free zones Posted byUAE Free Zones on June1, 2023 The resolution includes determining the eligible income as well as excluded, qualify...
Muhammad Rasoul CEO of amana, a mid-sized UAE-based financial services company, said the corporate tax is a natural step to bring the UAE in line with best practices globally. “The key will be to ensure the economy stays competitive, at both the regional and global level … But let...
The International Monetary Fund has recommended oil-exporting countries in the Gulf introduce taxes as one way to raise non-oil revenue. The IMF also recommends Gulf countries introduce or expand taxes on business profits. IMF Mideast director Jihad Azour said VAT is part of a long-term tax re...
Standard Chartered and Mastercard introduce the UAE’s first cashback card for the mobile wallet category - Arabic Press Release 25-November Trade Bank of Iraq, Standard Chartered Bank and General Electric close US$600 million of financing to fund the Power Up Plan in Iraq - English 25-Novem...
zone clustered with other UAE and foreign companies at a lower cost than Local LLC Company types to take advantage of the UAE market and its strategic location and to minimize their corporate tax liabilities, protect their assets and maintain 100% ownership without the involvement of local ...
Bank account opening – we introduce banks to clients to act as the UAE, Dubai & RAK company’s bankers Full-Scope professional services to support your UAE, Dubai & RAK company operations from A to Z (VAT, Tax, Accounting, Bookkeeping, Audit) ...
Zero licensing & registration*, 0% corporate & income tax, and 100% foreign ownership to ensure your business’ success. *For two years from the date of issue. T&C apply. Join us welcome to the coordinates of creativity twofour54 is a media free zone that provides world-class infrastructu...