News & Articles

Federal Tax Authority Intensifies Its Efforts by Increasing Inspections Visits 104 Percent in 6 months

 Thursday, July 21,2022 Federal Tax Authority Intensifies Its Efforts by Increasing Inspections Visits 104 Percent in 6 months A total of 5.5 million packages of tobacco products seized without ‘Digital Tax Stamps’ and 1.07 million beverage packages of Excise Goods seized. Abu Dhabi, UAE – July 21, 2022 – The Federal Tax Authority (FTA) significantly expanded its… Continue reading Federal Tax Authority Intensifies Its Efforts by Increasing Inspections Visits 104 Percent in 6 months

New UAE corporate tax: Ministry to review, reduce service fees for businesses

The UAE Ministry of Finance will review service fees in all ministries and federal entities in a bid to reduce them. The review comes weeks after the ministry announced a federal corporate tax on business profits that will be effective for financial years starting on or after June 1, 2023. The review aims to reduce the financial… Continue reading New UAE corporate tax: Ministry to review, reduce service fees for businesses

New Dubai law: All you need to know about virtual assets and regulations

Dubai issues new virtual asset regulatory law; what you need to know. Dubai on Wednesday issued Virtual Asset Regulation Law to govern this new-age industry which has been growing at an exponential pace. What is a virtual asset (VA)? A virtual asset can take the form of any digitised token of value that could be traded, transferred… Continue reading New Dubai law: All you need to know about virtual assets and regulations

The Ministry of Finance to introduce Federal Corporate Tax

https://tax.gov.ae/en/Corporate%20Tax/vat%20topics%20Corporate%20Tax%20TOPICS/What-is-Corporate-Tax

Trader Export Report Service

https://www.dubaitrade.ae/en/news-announcements/dc-news-announcements/item/1739-trader-export-report-service

UAE to impose penalties from July 8 on businesses not disclosing their ‘ultimate beneficiary’

https://gulfnews.com/business/markets/uae-to-impose-penalties-from-july-8-on-businesses-not-disclosing-their-ultimate-beneficiary-1.1625485559709

Amendments in Administrative penalties

UAE to allow investors full ownership of companies from June 1,2021

The UAE, a dramatic move, announced on Wednesday that it would allow investors and entrepreneurs full ownership of companies from June 1, 2021.