Papua New Guinea pursues treaty with UAE
In a recent update from Papua New Guinea's Ministry of International Trade and Investment, it was revealed that delegates from Papua New Guinea and the United Arab Emirates met during the Annual Investment Meeting (AIM) Congress from 7 - 9 May,
See More
UAE clarifies VAT rules for performance of a director’s function by a natural person
The UAE Federal Tax Authority (FTA) issued VAT Public Clarification - VATP037 on 13 May, 2024, in which it provided clarification concerning changes in the treatment of the performance of a director's function by a natural person as a supply of
See More
UAE: FTA issues corporate tax guide for investment funds and investment managers
The UAE Federal Tax Authority (FTA) issued the Corporate Tax Guide on Investment Funds and Investment Managers - CTGIFM1 on Monday, 6 May, 2024, in order to provide general guidance to help persons understand the UAE Corporate Tax treatment for
See More
UAE: FTA issues guide on registration of natural persons for corporate tax
The UAE Federal Tax Authority (FTA) released the Corporate Tax Guide on Registration of Natural Persons - CTGRNP1 on Monday, 6 May, 2024. It is designed to provide general guidance on the registration of natural persons in the UAE for Corporate Tax
See More
UAE: FTA issues guidance on business restructuring relief
On 17 April 2024, the UAE Federal Tax Authority (FTA) released the Corporate Tax Guide on Business Restructuring Relief - CTGBRR1. The relief permits certain restructuring transactions to occur in a tax-neutral manner without activating corporate
See More
UAE announces public consultation on R&D tax incentives
The UAE Ministry of Finance has opened a public consultation on the proposed introduction of tax incentives for research and development. The deadline for submitting comments is 14 May 2024. Objective of the consultation The UAE Government
See More
UAE: FTA issues guidance on qualifying group relief
On 3 April 2024, the UAE Federal Tax Authority (FTA) issued the Corporate Tax Guide on Qualifying Group Relief - CTGQGR1. This group relief permits the transfer of assets or liabilities between two taxable persons within the same qualifying group
See More
UAE: FTA introduces EmaraTax application and 15 new corporate tax services
On 1 April 2024, the UAE Federal Tax Authority (FTA) published a release related to the introduction of its EmaraTax application. The EmaraTax application offers 15 smart services to facilitate compliance with corporate tax requirements. The FTA
See More
UAE: FTA offers corporate tax registration at government service centers
On 20 March 2024, the UAE Federal Tax Authority, in a release, announced it made the service available to submit Corporate Tax registration requests through 23 Government Service Centres located across the UAE. The FTA explained in the press
See More
UAE launches public consultation on pillar 2 GloBe rules
The UAE Ministry of Finance (MoF) announced that it had launched a public consultation regarding the enforcement of the Pillar 2 Global Minimum Tax (GloBE) Rules. The objective of this consultation is to gather the views of stakeholders with respect
See More
UAE: Dubai announces 20% corporate tax on foreign banks
On 7 March 2024, Dubai, one of the seven states of the UAE, announced that it approved Law No. (1) of 2024, in which foreign banks will have to pay an annual corporate tax of 20%. The provisions of this new law, issued by the government of Dubai,
See More
UAE: FTA issues guidance on taxation of partnerships
On 4 March 2024, the UAE Federal Tax Authority (FTA) released the Corporate Tax Guide on Taxation of Partnerships - CTGPTN1. The purpose of the guide and who should read it are summarized as follows: This guide is designed to provide general
See More
UAE: FTA specifies corporate tax registration deadlines
On 27 February 2024, the UAE Federal Tax Authority (FTA) announced that it issued the FTA Decision No. 3 of 2024, in which it outlined the timeframes for Taxable Persons subject to Corporate Tax to apply to register with the FTA and avoid being in
See More
UAE to impose AED 10,000 penalty for delaying corporate tax registration
On 27 February 2024, the UAE Ministry of Finance announced the issuance of Cabinet Decision No. 10 of 2024, amending the schedule of violations and administrative penalties of Cabinet Decision No. 75 of 2023 on the administrative penalties for
See More
UAE: FTA publishes guidance on tax groups
On 8 January 2024, the UAE Federal Tax Authority (FTA) released the Corporate Tax Guide on Tax Groups - CTGTGR1. This guide is designed to provide general guidance to Taxable Persons, helping them to understand the taxation of two or more
See More
UAE: FDA issues guidance on corporate tax for natural persons
On 24 December 2023, the UAE Federal Tax Authority (FTA) issued a release about publishing a guide outlining criteria for determining natural persons subject to Corporate Tax and their compliance requirements. The law came into effect on 1 June
See More
UAE: FTA publishes guidance on taxation of extractive business and non-extractive natural resource business
On 12 December 2023, the UAE Federal Tax Authority (FTA) provided the Corporate Tax Guide on Taxation of Extractive Business and Non-Extractive Natural Resource Business - CTGEPX1. This guide is designed to provide general guidance on Extractive
See More
UAE amends corporate tax law for global minimum tax implementation
On 24 November 2023, the United Arab Emirates released the Federal Decree Law No. 60 of 2023 in the Official Gazette with amendments to selected provisions of Federal Decree-Law No. 47 of 2022 (the Corporate Tax Law). The amendments are made as
See More