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How AI is Changing the Way We Think About Taxes

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

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

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...
Reconciliation Process Of Tax Evasion Crimes

Reconciliation Process Of Tax Evasion Crimes

Tax Evasion Crimes⸺The UAE has a strict policy against tax evasion, and those who are found guilty of this crime can face significant penalties. However, the Federal Tax Authority (FTA) offers a reconciliation process for individuals who have committed tax evasion...
Corporate Tax Treatment of Real Estate

Corporate Tax Treatment of Real Estate

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...