UAE amends executive regulations on VAT
The Ministry of Finance announced that the UAE Cabinet has approved Decision No. 100 of 2024, which amends certain provisions of the Executive Regulations of Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT) on 5 October 2024. These
See More
Japan, UAE initiates negotiations for CEPA
Japan’s Ministry of Foreign Affairs announced that it has launched negotiations with Japan for a comprehensive economic partnership agreement (CEPA) on 18 September 2024. “I hope that concluding an ambitious, balanced, and comprehensive EPA
See More
Australia, UAE end CEPA negotiations
Australia and the United Arab Emirates (UAE) have ended negotiations for a comprehensive economic partnership agreement (CEPA). Australia’s Department of Foreign Affairs and Trade made the announcement on 17 September 2024. On 13 December 2023,
See More
UAE urges juridical licensees to register for corporate tax by September 2024
The UAE Federal Tax Authority (FTA) has announced that entities licensed in July must submit their Corporate Tax registration applications by 30 September 2024 to avoid Administrative Penalties. In a press statement issued today, the FTA advised
See More
Ghana negotiates tax treaties with Hungary, Israel, UAE, Korea, Egypt
Ghana announced that it is negotiating to establish income tax treaties with Hungary, Israel, UAE, Korea, and Egypt. Daniel Nuer, Head of the Tax Policy Unit at Ghana's Ministry of Finance, revealed that the Ministry plans to implement
See More
UAE: FTA urges june-licensed juridical entities to register for corporate tax by August 2024
The UAE Federal Tax Authority (FTA) has issued a reminder for juridical persons licensed in June to submit their Corporate Tax registration applications by 31 August 2024. The Federal Tax Authority (FTA) has renewed its calls for Resident
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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,
See More
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%
See More
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
See More
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
See More
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
See More
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
See More