Corporation Tax has already been implemented in UAE yet we are seeing a lot of confusion from clients questioning if they are liable to pay the 9%. Please see our flyer below for more info and guidance. If you would like to discuss further, please contact us.
On Wednesday 9th March, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has approved a new law to regulate virtual assets in Dubai. The Dubai Virtual Asset Regulation Law is a legal framework to protect investors and promote responsible business growth within the virtual asset industry, whilst providing governance … Read More
The UAE Ministry of Finance has just announced the introduction of a federal corporate tax from the financial year starting on or after June 1st 2023. A standard statutory tax rate of 9 percent will apply to profit generated by businesses in UAE. Foreign taxes paid will be credited against any payable UAE corporate tax meaning there will be no … Read More
In the latest of a long line of visa initiatives and announcements, on Tuesday 9th November the UAE Cabinet amended the laws to grant residency to expat retirees. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, chaired the Cabinet meeting at Expo 2020 Dubai. “Today, we approved the conditions … Read More