The introduction of the Corporate Income Tax Law in the United Arab Emirates marks a significant transformation in the region's tax landscape, particularly affecting the UAE's renowned free zones.

The UAE has introduced new tax residency regulations to modernize its tax system and align with international standards.

When the Ministry of Finance (MOF) announced the implementation of corporate tax it announced that it would be following the Organization for Economic Co-Operation and Development...

The taxpayer filed its tax return with incorrect amounts by mistakenly calculating the tax rate at a different value than the standard rate of 5%, resulting in an incorrect tax amount.

The UAE tax authorities have recently issued two key legislative instruments completing the regulatory framework governing the Research and Development (R&D) Tax Credit under the UAE Corporate Tax regime.

The UAE Ministry of Finance announced, on 28 October, amendments to certain provisions of the UAE Value Added Tax regime.

The UAE's Federal Decree-Law No. 47/2022 introduces significant changes to corporate and business taxation, effective from June 1, 2023.

The UAE Ministry of Finance (MOF) announced on 14 October 2024 the cancellation of the requirement for Licensees conducting one or more Relevant Activities and generating Relevant Income in the UAE...

Contractors should pay particular heed to the above. Given the current low margins and the value and volume of contracts they have in place at any one time...

While technically VAT operates as a tax on transactions, as a consequence of the credit system, the full burden of the tax is borne by final consumers.

As many countries from the Western part of the world already know, Tax is the means by which governments raise revenue to pay for public services.

The growth of international businesses in Dubai has made it a major commercial hub for global institutions and companies.

Abu Dhabi, the capital of the United Arab Emirates, witnessed a massive average of 2.86 mill barrels of oil, in the first half of 2018 itself

Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses (Corporate Tax Law) was implemented on 3 October 2022. Under UAE corporate tax laws...

Corporate tax will be implemented in the UAE from June 1, 2023 at a rate of 9 per cent on all annual taxable income above Dh375,000 and is governed by Federal Decree-Law No.47 of 2022...

The connection between Kuwait's proposed tax amendments, including the introduction of a 15% corporate tax rate effective from 1 January 2025...

The UAE announced its intention to comply with OECD's Automatic Exchange of Tax Information (AEoI) in 2010 with the goal to begin reporting in 2018 for FY2017.

The FTA has recently issued two public clarifications under UAE VAT law that discusses the VAT treatment on

The most significant change short-term change is VAT which is likely to be introduced on 1 January 2018.

An exciting start to the year with the announcement of great incentives for key industries in the UAE. The MoF recently announced the introduction of Research and Development (R&D) Tax credits that will begin...