RANKINGS REPORT: UAE – Introduction of Corporate Tax Could Lead to Windfall for UAE Accountants
The UAE continues to implement regulations and laws that bring its accountancy sector in line with the international community. This is leading to an increase in demand for services overall, while the region is enjoying economic growth. The IMF expects the UAE’s...
UAE Corporate Tax Pertinent Questions – All You Need To Know
Background According to the UAE Federal Decree-Law No. 47 of 2022 on taxation of corporations and businesses (UAE CT Law), businesses will become subject to Corporate Tax UAE (CT) from the beginning of their first financial year which starts on or after 1 June...
UAE’s free zone businesses await 0% ‘qualifying income’
Businesses, their owners, and auditors in the UAE are awaiting the next big update on the corporate tax – the one related to ‘qualifying income’ for free zone entities and on which they get the 0 per cent tax benefit. A decision on this is ‘imminent’, according to...
After CEPA, dirham-rupee trade set to be next big thing
UAE AND INDIA MARK THE FIRST YEAR UNDER THE LANDMARK AGREEMENT A year after the UAE-India Cepa deal came into effect, the stage is set for the next big bang in trade and investment flows between the countries – a dirham-rupee payment mechanism. When that happens,...