UAE: New tax exemption rules issued for companies in free zones
Experts say grey areas like availability of 0% corporate tax benefit on high sea sales, investment in cryptocurrencies addressed in new RTA guide
Source: khaleejtimes.com
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UAE: New Tax Exemption Rules Issued For Companies In Free Zones
Companies doing businesses in free zones in the UAE need to meet certain criteria to be eligible for zero per cent corporate income tax on their act
Nimish Goel Thomas Vanhee Tax Authority Menafn Khaleej Times Companies Federal Tax Authority Aurifer Middle East Tax Consultancy
Source: menafn.com
Webinar: The Future of Tax Reporting
Join ITR and Thomson Reuters at 2pm (UAE) / 11am (UK) on October 13 as they discuss how businesses can prepare for Tax Administration 3.0 and future-proof against changes such as e-invoicing and increasing digitisation.
Nitin Agarwal Thomson Reuter Ramy Rayan Thomas Vanhee Tax Administration Forum On Tax Administration
Source: internationaltaxreview.com
Free zone firms will not pay new levy if they do not conduct business in mainland
Tax experts in the UAE said employees will not directly be impacted by this new taxation but there could be an indirect impact if the corporate, in a knee-jerk react...
Source: khaleejtimes.com
Webinar: Tax reforms in MENA – VAT hikes, e-invoicing, BEPS and ongoing digitisation
ITR and Thomson Reuters will host a webinar on November 22 at 10am GMT / 2pm GST to discuss the continuing tax transformation in the Middle East and North Africa region.
Source: internationaltaxreview.com
COVID-19 impact: UAE reduces penalties on VAT, excise tax
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Source: zawya.com
Covid impact: UAE reduces penalties on VAT, excise tax
Covid impact: UAE reduces penalties on VAT, excise tax Waheed Abbas/Dubai (KT file) The new provisions will be applicable 60 days as from April 28, 2021. The UAE has reduced old penalties on value-added tax (VAT) and excise tax in order to help companies and individuals better cope with the impact of the Covid-19 pandemic. According to newly-released Cabinet Decision No. 49 of 2021, tax payers who currently have penalties pending can see those reduced to 30 per cent, provided they settle them b...
Source: khaleejtimes.com