#Ministry of Finance

UAE MoF announces penalties for Corporate tax violations -Photo-courtesy WAM

UAE announces penalties for corporate tax violations

Under Cabinet Decision No (75) of 2023, penalties will be imposed on taxable persons who do not comply with the UAE corporate tax law effective from August 1

Unemployment insurance scheme_MOHRE

UAE Unemployment Insurance scheme: Know the policy claim companies

The UAE government has signed an agreement with nine local companies to operate and fund the unemployment insurance scheme

MoF issues Ministerial decisions related to corporate tax Photo WAM

UAE corporate tax: MoF issues 3 new ministerial decisions

According to the ministry, the three new decisions aim to enhance the flexibility of UAE’s corporate tax regime and ensure a supportive business environment for all sectors

UAE Ministry of finance to hold corporate tax awareness sessions

UAE Ministry of Finance launches Corporate Tax Public Awareness Programme

The programme will feature a series of sessions to raise awareness of the corporate tax law amongst the business community and its implications for the national economy

UAE Treasury bonds

UAE’s five-year tranche treasury bonds receive bids worth Dhs8.6bn in fourth auction

The new five-year T-Bonds will contribute to strengthen the local debt capital market and build the UAE dirham-denominated yield curve

UAE’s public spending totalled AED87.4 billion in Q1 2022

UAE’s public spending in Q1 2022 amounts to Dhs87.4bn

Public spending included Dhs28.7bn spent on employee compensation payments compared to Dhs24.6bn in the same reporting period in 2021

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE

UAE to issue dollar-denominated dual-tranche sovereign bonds

The bonds will be issued with a 10-year tranche and a 30-year Formosa tranche

UAE: Ministry of Finance announces second auction of federal treasury bonds

Bonds amounting to Dhs750m will be offered for a two-year tranche, and Dhs750m for a three years tranche

Treasury bond

UAE lists first dirham-denominated treasury bond on Nasdaq Dubai

The inaugural issuance was 6.3 times oversubscribed

No plans to hike VAT in the UAE, officials reiterate

The UAE government levied a 5 per cent VAT on goods and services in January 2018

HSBC arranges first green export credit agency loan for Saudi ministry

The proceeds of the loan are being used to purchase buses from Germany for the kingdom’s public transport network

UAE Ministry of Finance reduces fees for certain federal entities

The measures include a 50 per cent reduction in the fees to register suppliers