UAE Corporate Tax: What consultants, freelancers and influencer run businesses must prepare for
All resident individuals generating income of Dh1m+ must prepare for corporate tax
Source: gulfnews.com
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UAE Corporate Tax: Business owners have some thinking to do before signing up for 'tax group' status
Guidelines on 'tax groups' get business owners' interest, but 95% shareholding is a must
Source: gulfnews.com
Deadline looms for UAE companies to file 'Ultimate Beneficial Owner' details
First came the VAT, then Economic Substance Regulations (ESR), and now UBO (Ultimate Beneficial Owner) rules – the UAE now requires companies to stringently follow well-defined transparency procedures. Owners of Jebel Ali Free Zone companies must file the UBO information with the authorities by March 31. Mainland companies (those with corporate shareholding) must file with the Department of Economic Development in Arabic, or else the trade license will not be renewed. The Cabinet Resolution No. (58) 2020 on regulating UBO, which came into effect on August 24, 2020, requires all such info...
Source: gulfnews.com