UAE, Eswatini negotiate tax treaty
Eswatini (formerly Swaziland) announced on Tuesday, 20 August 2024, that it had initiated talks with the United Arab Emirates for an income and capital tax treaty. Ministers Pholile Shakantu, Neal Rijkenberg, and Manqoba Khumalo have met with UAE
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UAE raises awareness about corporate tax compliance
UAE’s Federal Tax Authority (FTA) intensified its awareness activities and events this year, organised to highlight the importance, objectives, procedures, and requirements for complying with the Corporate Tax Law, which came into effect last year
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UAE clarifies corporate tax for juridical persons in the first tax period
The UAE Federal Tax Authority (FTA) released a public clarification, on 13 August 2024, confirming that the first Tax Period of a newly established company, in respect of a juridical person subject to Corporate Tax, is determined by the first
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UAE releases new corporate tax guide on determining taxable income
The UAE Federal Tax Authority (FTA) has released a new Corporate Tax Guide titled "Determination of Taxable Income" (CTGDTI1)”, which provides detailed guidance on calculating the taxable income base for corporate tax purposes in the UAE. The
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Indonesia, GCC announce launch of FTA negotiations
Indonesia’s Minister of Trade, Zulkifli Hasan, and Secretary General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, launched the Indonesia-GCC Free Trade Agreement (I-GCC FTA) negotiations on 31 July, 2024. The event was marked
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UAE urges corporate tax registration for June-License holders by August
The UAE Federal Tax Authority (FTA) has issued a press release urging juridical persons (legal entities) that are Resident Persons subject to Corporate Tax and were issued licences in June, to promptly submit their Corporate Tax registration
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UAE: FTA introduces new guidelines for corporate tax clarifications, APA submissions
In a move aimed at enhancing clarity and support for taxpayers in the UAE, the Federal Tax Authority (FTA) has introduced new guidelines under Decisions No. 4 and No. 5 of 2024. These decisions, which took effect on 1 July and 1 August respectively,
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UAE: FTA issues tax bulletin for free zone persons
The UAE Federal Tax Authority (FTA) has published a Basic Tax Information Bulletin, regarding the regulations for Free Zone Persons under the UAE Corporate Tax Law. The Corporate Tax Law permits a Qualifying Free Zone Person to benefit from a 0%
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UAE: Dubai Customs releases voluntary disclosure policy
Dubai Customs has announced Customs Policy No. (58/2024) regarding the Voluntary Disclosure System (VDS). This initiative is aimed to encourage importers and exporters operating in Dubai to amend past errors in their customs declarations. The
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UAE: FTA issues tax bulletin for natural persons
The UAE Federal Tax Authority has published a Basic Tax Information Bulletin, in which it provided clarifications about the scenarios where natural persons may be subject to corporate tax. According to the FTA’s bulletin, natural persons are
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UAE: FTA announces implementation of advance pricing agreements in Q4 2024
The UAE Federal Tax Authority (FTA) updated Decision No. 4 of 2024 on 12 June 2024, clarifying the future implementation of an advance pricing agreements (APAs) framework in the UAE. Based on the Corporate Tax Law, a person may make an
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UAE: FTA clarifies related parties definition for government entities
The UAE’s Federal Tax Authority (FTA) published a public clarification CTP002 of 21 July 2024, which clarified the definition of "related parties" where there is common ownership and/or control through a government entity. The corporate tax in
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UAE, Georgia Comprehensive Economic Partnership Agreement enters into force
The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates (UAE) and Georgia went into effect on 27 June, 2024. The CEPA agreement is set to deepen trade and investment ties, accelerate growth in priority industries,
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UAE: Companies licensed in March-April must register for corporate tax by June 2024
The UAE Federal Tax Authority (FTA) issued a release on 23 June, 2024, reminding juridical persons licensed in March and April to register for corporate tax by 30 June, 2024. Previously, the FTA, in a release on 23 May 2024, called for juridical
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UAE issues VAT treatment guidelines between manpower and visa facilitation services
The UAE Federal Tax Authority (FTA) issued VAT Public Clarification VATP038 on 31 May, 2024. This guidance clarifies the VAT treatment between manpower services and visa facilitation services. The clarification tackles complexities companies
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Qatar, UAE sign tax treaty
The Qatar News Agency, in a press release, said that Qatar and the United Arab Emirates signed an income tax treaty on Thursday, 30 May 2024. This treaty is the first between the two Persian Gulf monarchies. The agreement aims to eliminate double
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UAE: FTA calls for juridical persons to register for corporate tax by May
The UAE Federal Tax Authority (FTA), in a release published on Tuesday, 23 May, 2024, called for juridical persons licensed in January and February to submit their corporate tax registration applications by 31 May, 2024. The registration deadline
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UAE publishes corporate tax guide on free zone regime
The UAE Federal Tax Authority (FTA) has released a corporate tax guide for the free zone regime, stipulating that qualifying free zone persons are entitled to a 0% corporate tax rate on qualifying income and a 9% rate on other taxable
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