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...

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...

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...

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...

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  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 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...