#tax

Tax strategies to help expand your business globally GettyImages-918061226

UAE corporate tax: Deadline alert

New corporate tax deadlines for businesses to start in May. Here’s what you need to know

Tax strategies to help expand your business globally GettyImages-918061226

Plan to take your UAE-based business global? These tax strategies will help

When it comes to expanding globally from a UAE base, the complexity of tax regulations across different jurisdictions can pose significant hurdles

UAE free zone corporate tax - OECD

UAE announces new Corporate Tax registration deadlines: What businesses need to know

Failure to comply with the tax deadlines could result in hefty fines

Here’s what Dubai’s new 20% tax regime for foreign banks means

Here’s what Dubai’s new 20% tax regime for foreign banks means

The new tax regime clarifies that the headline 9 per cent corporate tax will be creditable against the emirate-level tax on foreign banks

UK’s abolition of non-dom tax status: How Dubai stands to benefit

By April 2025, a revamped tax regime will take effect, stipulating that all foreign income and gains will become taxable after just four years of UK residence

Hedge fund. - Sanjay Shah

More woes for Sanjay Shah as ‘accomplice’ set to plead guilty

Anthony Mark Patterson, an alleged ‘accomplice’ of Sanjay Shah, is charged with participating in a scheme in which the Danish state lost more than 9 billion Danish crowns ($1.3bn)

TAX

What do Indian expats expect from interim Budget 2024?

With the unveiling of Budget 2024 just round the corner, the NRI community hopes that the Tax Deducted at Source (TDS) process as well as the tax bracket is re-worked to provide relief

UAE tax relief

UAE reaffirms: No personal income tax on the horizon

Individuals won’t be taxed in the UAE any time soon, says a top delegation from the UAE’s Ministry of Finance

Archit Gupta, CEO of Cleartax with insights on tools to aid tax compliance KSA and GCC

Getting tax-ready: Navigating compliance in Saudi Arabia, GCC

Embracing tools such as VAT Filing Reconciliation and Assistance and Accounts Payable Automation becomes crucial to ensure efficient, accurate tax operations and compliance

UAE corporate tax

UAE: FTA notifies of new tax criteria for non-residents

The FTA’s new guidelines offer clarity for non-resident persons, who derive income in the UAE, or those who conduct business or part of their business in the UAE

digital tax

Meta, Google face digital tax in New Zealand beginning in 2025

The proposed tax would be payable by multinational businesses that make over $810m a year from global digital services

FTA reports incraese in Muwafaq Package registrations

UAE’s FTA reports growth in Muwafaq Package registrations

The package offers a variety of features and incentives that can help SMEs save money and get help with tax compliance

UAE and Poland seeks to bolster ties

UAE, Poland seek to strengthen financial and economic ties

The two countries agreed to strengthen their cooperation and exchange knowledge, experiences and best practices in the field of tax policy

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

Hedge fund. - Sanjay Shah

Hedge fund trader Sanjay Shah loses appeal over order to pay $1bn in tax

The authority said in a statement Wednesday that it would now begin an asset recovery process

UAE to offer corporate tax relief to ‘public benefit’ entities

Organisations that qualify for the exemption include entities that focus on activities such as philanthropy, community services and corporate social responsibility

UAE Federal Tax Authority to launch new integrated platform ‘EmaraTax’

UAE Federal Tax Authority to launch new integrated platform ‘EmaraTax’

EmaraTax will enhance the way that taxpayers can access the FTA’s services, pay their taxes and obtain refunds

technology

Insights: Advancing the role of tax authorities through technology

Tax authorities are aggressively adopting artificial intelligence to generate and preserve taxpayer data

UAE's FTA introduces Taxpayer Charter, lists rights, obligations image FTA

UAE Federal Tax Authority conducts 9,948 inspection visits in H1 2022

Inspections conducted in the first half of 2022 increased by 104 per cent compared to 4,878 conducted in 2021

Getty Images

Oman posts $545m budget surplus on higher oil prices, tax

Oman has implemented a series of reforms to bridge the budget gap and lower its debt, including the introduction of a 5 per cent value-added tax last year

UAE

UAE business tax will help support smaller emirates’ economies, S&P says

The country plans to levy a 9 per cent corporate tax from June 2023

The UAE is set to levy corporate tax: Here’s what analysts say

The country plans to introduce a 9 per cent federal tax on corporate earnings for the first time next year

UAE corporate tax

UAE to introduce federal corporate tax on business profits from 2023

The Ministry of Finance has set a rate of 9 per cent for taxable income exceeding Dhs375,000

Bahrain parliament approves decision to double VAT to 10%

The bill has now been sent to the Shura Council, the upper house of the National Assembly

Uber, Careem said to face $100m tax bill in Saudi

The claims are reportedly related to a dispute over how to calculate value-added tax

Israel and UAE sign tax treaty in latest normalisation step

The treaty is subject to approval by Israel’s parliament and cabinet

Saudi Crown Prince discusses Vision 2030, reveals plan to sell Aramco stake to energy firm

The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed

Oman foreign minister

Oman plans more labour reforms and new taxes – foreign minister

The country also has plans to extend visa-free arrival for up to 30 days for citizens of more than 100 countries

Abu-Dhabi

UAE to establish new court to combat money laundering and tax crimes

The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion

Saudi VAT increase: What are the long-term implications?

The kingdom hiked its value added tax (VAT) from 5 per cent to 15 per cent in July