Introduction: The Changing UAE Tax Landscape The United Arab Emirates has taken a significant step in aligning with global tax standards with the introduction of Cabinet Decision No. 142 of 2024 on the Imposition of Top-up Tax on Multinational Enterprises. This...
Since the introduction of Value Added Tax (VAT) in 2018, businesses operating in free zones have been required to adapt to a unique set of rules. Free zones are designed to attract foreign investment by offering incentives such as tax exemption and custom duty...
The Federal Tax Authority (FTA) has recently issued an important decree—Decision No. (07) of 2024—regarding the extension of deadlines for tax return submissions and payments under the new corporate tax regime in the UAE. This decision, which aligns with the broader...
In a significant legislative update, the UAE has introduced Federal Decree-Law No. (16) of 2024, which amends specific provisions of the Federal Decree-Law No. (8) of 2017 concerning Value-Added Tax (VAT). Signed into law by His Highness Sheikh Mohamed bin Zayed Al...
On September 25, 2024, the Federal Tax Authority (FTA) of the United Arab Emirates issued Decision No. 7 of 2024, which has significant implications for corporate entities operating within the region. This decision focuses on extending the deadline for tax returns and...
The Ministry of Finance in the UAE has officially published Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, also known as the Corporate Tax Law (CT Law). This new legislation marks a significant development following the Ministry’s...
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