List of Designated Zones in UAE Companies Registered in Designated Zones will have different treatment as per UAE VAT and Corporate Tax Law. Historically, Free Zones have been excluded from the territorial scope of the UAE. For VAT purposes, this is not automatically the case. Only those...
DOWNLOAD PDF FTA Publishes Taxation of Corporations and Businesses Federal Decree-Law No. 47 of 2022 – Issued 3 October 2022 The Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses was issued by the United Arab Emirates (“UAE”), on 09 December 2022 and is...
DOWNLOAD PDF New Amendments to UAE Federal Decree-Law No. 18 of 2022 – Issued 26 Sep 2022 (Effective from 1 Jan 2023) The UAE has introduced the Federal Decree-Law No.18 2022 amending some provisions of the Federal Decree-Law No. 8 2017 on Value Added Tax (the VAT...
DOWNLOAD PDF FTA Publishes New Amendments to the UAE VAT Executive Regulations Cabinet Decision No. 99 of 2022 – Issued 21 Oct 2022 (Effective from 1 Jan 2023) The Federal Tax Authority (FTA) has published the UAE Cabinet of Ministers’ Decision No. 99 of 2022 amending the Executive...
Download PDF With effect from February 2, 2022 (“Effective Date”) the Federal Decree Law No. 33 of 2021 (“New UAE Labour Law”) will be replacing Federal Law No. (8) of 1980 (“Current UAE Labour Law”) PROVISIONS CURRENT LAW NEW LAW Employment Contract Limited & Unlimited Period Contracts Only limited term contract...
The Ministry of Finance to introduce federal corporate tax on business profits that will be effective for financial years starting on or after June 1, 2023. Tax rates: 0% Tax rate for taxable income up to AED 375,000 to support small businesses and startups. 9% headline corporate tax...
There are many entry modes by which a foreign company can establish an entity in India. The choice of business form entirely depends upon the end goals to be achieved. There are majorly 3 options for foreign companies entering into India: There are majorly three options...
On 24 December 2021, the Government of Kingdom of Bahrain has published the amended VAT Law in official Gazette to enforce the increase in standard VAT rate from 5% to 10% with effect from 1st January 2022. National Bureau of Revenue (‘NBR’) has issued guidance...
Download PDF Input Tax Recovery- "Mobile Phones, Airtime, and Data Packages made available to Employees for Business Use The Federal Tax Authority has released a public clarification (VATPO28) on the recovery of input tax relating to "Mobile Phones, Airtime, and Data Packages made available to Employees for...