Taxation of Natural Persons Under the Corporate Tax Law
Taxation of Natural Persons — The implementation of corporate tax represents a pivotal development in the nation's fiscal framework, fostering a more equitable tax system. While the tax primarily targets businesses, individuals conducting certain business activities...
FTA Updated Guide on Taxation of Foreign Source Income
Download the Article PDF VersionThe UAE Corporate Tax Law (CTL) introduced in 2023 has established a new framework for taxation of businesses operating within the country, including the taxation of foreign source income (FSI). This article delves into the intricacies...
The Interplay & Interaction of Accounting Standards To Corporate Tax
Download the Article PDF Version 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 Statements that...
A Simplified Guide: Non-Resident Persons For Corporate Tax in the UAE
Download the Article PDF Version 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 an...
New Attestation Rules for Commercial Invoices in the UAE
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...
The UAE Strengthens Tax Regulations with New Transfer Pricing Requirements
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...
How AI is Changing the Way We Think About Taxes
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...
Tax and Financial Automation
Tax and Financial Automation Robotic Process Automation (RPA) is a technology that can automate tax and financial automation structured and repetitive processes that are based on sets of rules. RPA enables these processes to be automated in a more efficient and...
New Tax Regulations for Businesses
New Tax Regulations for Businesses The Ministry of Finance has issued a new executive regulation that amends the Federal Tax Authority's (FTA) regulations on tax registration, deregistration, and amending details of registration. The regulation also expands the list...
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