The UAE Federal Tax Authority issued VAT Public Clarification - VATP039, providing clarification on the treatment of cryptocurrency mining on 13 January 2025. In a case of proof of work, a person can mine crypto currency for his own account, or

The UAE Ministry of Finance has released Ministerial Decision No. 301 of 2024 regarding the oversight of tax groups under the Corporate Tax Law on 9 December 2024. The decision outlines several important areas, such as ownership requirements and

The Cabinet of Ministers of the United Arab Emirates approved for ratification the income tax treaty with Bahrain on 2 January 2025. Earlier, the Bahrain Council of Representatives approved the ratification of the income tax treaty with the

Uruguay’s General Tax Directorate (DGI) has issued Resolution No. 3.034/024 on 30 December 2024, updating its list of low or no-tax jurisdictions, effective 1 January 2025. The new list includes 32 jurisdictions, adding Guyana while removing

The UAE Ministry of Finance has announced Ministerial Decision No. 302 of 2024 on 10 December 2024, which replaces Decision No. 116 of 2023, revising the regulations concerning the participation exemption as outlined in the Corporate Tax Law. The

The Uruguayan tax authorities (DGI) issued a Resolution 2,867/024 on 11 December 2024, establishing deadlines for filing tax returns and payments from January to December 2025. The filing deadlines for tax returns in 2025 for state-owned