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Lombard Odier Expansion in the UAE: Why European Businesses Should Follow
- 03.10.2023
- Posted by: Uwe Hohmann
- Category: Dubai
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Lombard Odier, the esteemed Swiss private bank, has set sights on an ambitious expansion plan within the UAE. This represents a golden opportunity for European entrepreneurs seeking to expand their horizons. However, the journey can be complex and challenging.
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UAE’s Ambitious Sustainability Plans
- 02.10.2023
- Posted by: Omar Sami
- Category: Dubai
The second day of Climate Future Week in Dubai showcased the UAE’s multifaceted approach to sustainability, featuring insights on clean energy, sustainable architecture, carbon capture, innovative agriculture, and the role of creative industries in driving environmental awareness.
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VAT: UAE Introduces Reverse Charge Mechanism to Boost Electronics and Computer Trade
- 29.09.2023
- Posted by: Derya Bandak
- Categories: Tax, Dubai
The UAE has introduced a Reverse Charge Mechanism in VAT regulations to streamline tax compliance and boost the electronics and computer trade, allowing VAT-registered buyers to self-account for VAT.
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UAE Launches End of Service Savings Scheme
- 29.09.2023
- Posted by: Derya Bandak
- Category: Dubai
The UAE has introduced a new end-of-service benefits (EOSB) scheme that allows employers to make monthly contributions to investment funds on behalf of their employees, offering a modern alternative to traditional gratuities and extending benefits to both the private and public sectors.
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FTA Renews Call for Registration for Corporate Tax
- 28.09.2023
- Posted by: Derya Bandak
- Categories: Tax, Dubai
The Federal Tax Authority (FTA) of the UAE is urging all types of companies to finalize their Corporate Tax registration in accordance with the new Taxation of Corporations and Businesses Law.
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Ensuring Arm’s Length Opening Balances in UAE’s Corporate Tax Era
- 27.09.2023
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
Ensuring arm’s length opening balances in compliance with UAE’s Article 61(2) and IFRS standards is pivotal for transparent, accurate tax reporting and minimizing future tax liabilities.
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Dubai: Recently Published Administrative Penalties for Tax Violations
- 31.07.2023
- Posted by: Omar Sami
- Category: Dubai
Dubai has recently introduced new administrative penalties for tax violations under its Corporate Tax regime, aiming to ensure tax compliance and foster a transparent environment.
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Dubai – Virtual Assets Regulatory Authority (VARA)
- 20.07.2023
- Posted by: Omar Sami
- Category: Dubai
Dubai has established the Virtual Assets Regulatory Authority and implemented regulations governing virtual assets, demonstrating its commitment to positioning itself as a global hub for the digital economy
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Emiratisation in the UAE: Prevent a penalty of AED 42.000 for each unemployed citizen
- 06.07.2023
- Posted by: Omar Sami
- Category: Dubai
Emiratisation seeks to provide Emiratis with equal opportunities, training, and development to excel in their chosen professions
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The 0% (Free Zone) Corporate tax – Qualifying Income of a Qualifying Free Zone Person
- 04.07.2023
- Posted by: Omar Sami
- Category: Dubai
The UAE Ministry of Finance has provided clarity on the taxable status of UAE Free Zone Persons
