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 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...
by AJ Diaz | Jul 19, 2023 | Tax & Compliance
Introduction The free zone corporate UAE is a designated geographic area within a country that is set up to attract foreign investment and promote economic growth. Free zones typically offer a range of incentives to businesses, including tax breaks, streamlined...
by AJ Diaz | Jul 17, 2023 | Tax & Compliance
Accounting for real estate companies in the UAE is a complex process that must adhere to specific regulations. The accounting requirements for real estate companies in the UAE are set by the Ministry of Economy. These requirements are based on International Financial...
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