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KSA: New Transfer Pricing Guidelines for Zakat Payers
- 25.12.2023
- Posted by: Omar Sami
- Categories: Saudi Arabia, Tax
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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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UAE: Understanding Maintenance and Repair Responsibilities in Dubai Leases
- 18.12.2023
- Posted by: Omar Sami
- Category: Dubai
Dubai’s Lease Law outlines distinct responsibilities for landlords and tenants regarding property maintenance, repairs, and conditions for subleasing.
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UAE: New Bankruptcy and Financial Restructuring Legislation
- 14.12.2023
- Posted by: Omar Sami
- Category: Dubai
Federal Law Decree No. (51) of 2023 introduces comprehensive reforms in UAE’s bankruptcy and financial restructuring laws, offering enhanced definitions, flexible settlement mechanisms, and expanded roles for bankruptcy units and committees.
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Updates on the UAE Labor Dispute Resolution Process
- 13.12.2023
- Posted by: Derya Bandak
- Category: Dubai
The UAE’s Federal Decree-Law No. 20 of 2023, effective 01.01.2024, enhances MOHRE’s role in labor disputes, granting it legal authority to adjudicate and enforce decisions for cases below AED 50,000.
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Saudi Arabia: 30-Year Tax Exemption for Companies setting up their Regional Headquarters in the Kingdom
- 12.12.2023
- Posted by: Uwe Hohmann
- Category: Saudi Arabia
Saudi Arabia is offering a 30-year tax exemption to global companies relocating their regional headquarters, aligning with Vision 2030 to diversify its economy and attract multinational corporations.
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Employment Law in the UAE: Understanding Federal Decree Law No. (20) of 2023
- 11.12.2023
- Posted by: Derya Bandak
- Category: Dubai
As we approach the end of 2023, we revisit the transformative impact of the UAE’s Federal Decree Law No. (20) of 2023, which significantly revised employment dispute resolution and regulatory processes.
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Foreign Source Income Taxation in the UAE
- 06.12.2023
- Posted by: Omar Sami
- Categories: Dubai, Tax
Corporate Tax Guide on Taxation of Foreign Source Income from the Federal Tax Authority includes critical measures for businesses and individuals with cross-border activities, detailing tax liabilities and exemptions.
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Emiratisation Updates 2024 – What Medium-Size Businesses Must Know
- 05.12.2023
- Posted by: Derya Bandak
- Category: Dubai
The UAE government is intensifying its Emiratisation efforts, requiring private companies with 20 to 49 employees to hire UAE nationals, with substantial fines for non-compliance.
