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ZATCA Extends Fines and Penalties Exemption to June 2024
- 08.01.2024
- Posted by: Derya Bandak
- Category: Saudi Arabia
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ZATCA’s initiative for ‘Cancellation of Fines and Exemption of Penalties’ has been extended to 30.06.2024, offering financial relief to businesses.
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KSA: Public Investment Fund (PIF) Emerges as Leading Global Investor in 2023
- 08.01.2024
- Posted by: Omar Sami
- Category: Saudi Arabia
Saudi Arabia’s Public Investment Fund (PIF) has emerged as the top investor among its peers in 2023, with a 33% increase in investments over 2022, investing USD 31.6 billion across 49 deals.
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Taxation of non-residents with UAE-based business
- 02.01.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Tax
The corporate tax framework in the UAE has significant implications for non-residents engaged in business activities.
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UAE’s Barakah Plant Completes Final Reactor, Advancing Energy Diversification Goals
- 02.01.2024
- Posted by: Derya Bandak
- Categories: Dubai, Tax
The Federal Authority for Nuclear Regulation has granted an operating license for the final reactor of the Barakah Nuclear Power Plant, marking a significant step towards the UAE’s 2050 Net Zero Goals
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UAE: Professional Development for Natural Person Tax Agents
- 02.01.2024
- Posted by: Omar Sami
- Categories: Dubai, Tax
The Federal Tax Authority’s Decision No. 15 of 2023 introduced new guidelines for professional development, mandating a minimum of 20 hours of Structured Continuous Professional Development annually for natural person tax agents
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UAE: New E-Commerce Law Overview
- 25.12.2023
- Posted by: Derya Bandak
- Categories: Dubai, Tax
The UAE’s Federal Decree-Law No. 14 of 2023, known as the E-Commerce Law, introduces comprehensive regulations for digital transactions, emphasizing consumer rights and data protection.
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UAE: Abu Dhabi’s Investments and Business Opportunities for Economic Growth
- 25.12.2023
- Posted by: Uwe Hohmann
- Categories: Dubai, Tax
The recent approval of an AED 65 billion budget for 142 new capital projects in Abu Dhabi, covering sectors from technology to healthcare, creates a wealth of opportunities for local and international businesses.
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KSA: New Transfer Pricing Guidelines for Zakat Payers
- 25.12.2023
- Posted by: Omar Sami
- Categories: Saudi Arabia, Tax
The Zakat, Tax, and Customs Authority of Saudi Arabia has issued guidelines for Zakat payers, focusing on treating related-party transactions and aligning with the amended Transfer Pricing Bylaws effective from 01.01.2024.
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UAE Corporate Tax Law: Updates on Free Zone Regulations
- 21.12.2023
- Posted by: Uwe Hohmann
- Categories: Dubai, Tax
The UAE’s latest legislative changes bring important updates to Free Zone rules under the Corporate Tax law, particularly affecting the financial services sector.
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UAE: Understanding Loan Recovery from End-of-Service Gratuity
- 18.12.2023
- Posted by: Derya Bandak
- Category: Dubai
The dynamics of loan repayment and employment termination under UAE Labor Law introduce complexities, especially in recovering outstanding amounts from end-of-service gratuity.
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