by AJ Diaz | Nov 17, 2023 | Tax & Compliance
Download the Article PDF Version Download Adherence To Accounting Principles Pursuant to Ministerial Decision No. 114 of 2023, each Taxable Person’s Taxable Income is to be determined independently, utilizing duly prepared, individual (unconsolidated) Financial...
by AJ Diaz | Nov 7, 2023 | Tax & Compliance
Download the Article PDF Version Download Understanding Non-Resident and Resident Person Status The Corporate Tax Law defines a non-resident person as an individual or legal entity that is not a resident person. As a result, it is necessary to first determine whether...
by AJ Diaz | Sep 19, 2023 | Regulation
Introduction The United Arab Emirates (UAE) is known for its dynamic business environment, attracting international trade and commerce. To ensure transparency and regulatory adherence in this thriving landscape, the UAE government introduced Cabinet Resolution (38) of...
by AJ Diaz | Sep 11, 2023 | Tax & Compliance
The United Arab Emirates (UAE) has taken a significant stride in enhancing its tax regulations with the issuance of Ministerial Decision No. 97 of 2023. This decision, enacted by the Minister of State for Financial Affairs, introduces vital requirements for...
by AJ Diaz | Aug 24, 2023 | Tax & Compliance
Credit: aiwhim.com The Use of AI in Taxation The use of artificial intelligence (AI) and machine learning in taxation is a broad spectrum, from the simple processing of data and forms to the complex implementation of algorithms that can predict the likelihood of a...