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

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 income tax treaty between Rwanda and Korea(Rep.) entered into force on 19 December 2024. Earlier, the National Assembly of Korea (Rep.) approved the ratification of the income tax treaty with Rwanda on 14 November 2024. The treaty was

The National Assembly of Korea (Rep.) approved the ratification of the income tax treaty with Rwanda on 14 November 2024. The treaty was signed on 13 September 2023. It is the first of its kind between the two nations. It will become effective