by AJ Diaz | Aug 10, 2023 | Tax & Compliance
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...
by AJ Diaz | Aug 3, 2023 | Tax & Compliance
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...
by AJ Diaz | Aug 3, 2023 | Tax & Compliance
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...
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 | Business Setup, 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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