Free Zones – Latest Tax Landscape
Free Zones – Insights of the Latest Tax Landscape Cabinet Decision No. 100 and Ministerial Decision No. 265 for Free Zone Entities The Cabinet of Ministers has recently enacted Cabinet Decision No. 100 of 2023, effective from June 1, 2023, to determine Qualifying Income for Qualifying Free Zone Persons under Federal Decree-Law No. 47 of […]
Mandatory VAT Registration
Exploring Mandatory Tax Registration for VAT Introduction: In the realm of fiscal governance, the process of tax registration holds paramount importance in ensuring an equitable and structured taxation framework. Federal Decree-Law No.18 of 2022 sets the stage for such regulation under its Title Four, specifically through Article 13 – Mandatory Tax Registration. This article delineates […]
Refund of VAT for Exhibitions and Conferences
Refund of VAT for Exhibitions and Conferences Cabinet Decision No. (26) of 2018 In a move to facilitate the smooth provision of Exhibition and Conference Services, the tax authority has laid out a clear framework for the refund of tax to suppliers. This article sheds light on the essential conditions and procedures that must be […]
Corporate Tax Dividends and Other Profit Distributions
Corporate Tax Guide | CTGEXI1 – Dividends and Other Profit Distributions Overview of taxation of Dividend income under the Corporate Tax Law Under the Corporate Tax Law, Dividends and other profit distributions received from a juridical person that is a Resident Person are exempt with no further conditions. Dividends and other profit distributions received from […]
10 Things You Need to Know About VAT
10 Things You Need to Know About VAT in the UAE 10 Things You Need to Know About VAT in the UAE –VAT-10-QA-291017 VAT, an indirect tax on goods and services, impacts the supply chain, with businesses facilitating its collection for the government. The UAE’s adoption of VAT aims to diversify income, ensuring sustained […]
VAT Supply of Goods and Services
10 Things You Need to Know About VAT in the UAE The Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax Article 2 – Supply of Goods A transfer of ownership of Goods or of the right to use them from one Person to another Person shall include for instance […]
Q3 2023 – GCC Tax News & Updates
Q3 2023 – GCC Tax News & Updates As part of our commitment to keeping you informed about the latest developments in the financial landscape, we are delighted to present our newsletter featuring tax highlights for GCC (Gulf Cooperation Council) countries. The GCC region is known for its dynamic economic environment, with each country having […]
Outlines rules for marking Excise Goods
Article 4 – Streamlining Mark Affixation Processes for Excise Goods Article 4 – Streamlining Mark Affixation Processes for Excise Goods In a bid to regulate and oversee the labeling of Designated Excise Goods, Article (4) establishes a meticulous set of procedures. This framework places responsibility on Importers, producers, and Authorized Suppliers, aiming for a seamless […]
Progressive Tax Residency Rules for Natural Persons
UAE Ministry of Finance Introduces Progressive Tax Residency Rules for Natural Persons: Understanding the Center of Financial and Personal Interests UAE Ministry of Finance Introduces Progressive Tax Residency Rules for Natural Persons: Understanding the Center of Financial and Personal Interests The practical implementation of corporate tax on the specific situation outlined in the “Implementation of […]
The States of the Gulf Cooperation Council (GCC)
Common VAT Agreement of the States of the Gulf Cooperation Council (GCC) Common VAT Agreement of the States of the Gulf Cooperation Council (GCC) Part 1 – Place of Supply of Goods Article (10) Supply of Goods without Transportation The place of a Supply of Goods that occurs without transportation or dispatch thereof shall be […]
