by AJ Diaz | Aug 1, 2023 | Tax & Compliance
The Latest Updates on Tax Evasion Laws—The UAE Ministry of Finance has issued new administrative penalties for violations, Cabinet Decision No. (75) of 2023 related to the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate...
by AJ Diaz | Jul 31, 2023 | Tax & Compliance
Introduction Real Estate⸺On May 8, 2023, the Cabinet of Ministers issued a Decision No. (49) of 2023 that specifies the categories of businesses or business activities that are subject to corporate tax for resident and non-resident natural persons under the Corporate...
by AJ Diaz | Jul 26, 2023 | Tax & Compliance
Introduction Tax Residency Certificate⸺On September 9, 2022, the United Arab Emirates (UAE) Cabinet of Ministers [took action] by issuing Decision No. 85 of 2022, which establishes the criteria for determining when a legal or natural person will be considered a tax...
by AJ Diaz | Jul 26, 2023 | Tax & Compliance
Introduction Tax Residency Certificate⸺On September 9, 2022, the United Arab Emirates (UAE) Cabinet of Ministers [took action] by issuing Decision No. 85 of 2022, which establishes the criteria for determining when a legal or natural person will be considered a tax...
by AJ Diaz | Jul 24, 2023 | Tax & Compliance
Introduction UAE to Implement Mandatory E-Invoicing System⸺The United Arab Emirates (UAE) has introduced a mandatory electronic invoicing system for businesses. Thus, all businesses operating in the UAE must transition to electronic invoicing. A new policy is...
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