Introduction In a move that has significant implications for businesses operating within UAE’s free zones, the implementation of the Corporate Tax Law through Federal Decree-Law No. 47 of 2022 issued on 1st June 2023 has ushered in a new era of taxation. This landmark...
Introduction In the digital age, data analytics is rapidly transforming the business landscape. Industries worldwide, ranging from startups to multinational corporations, are harnessing data-driven insights to fuel growth, optimize operations, enhance customer...
The degree to which environmental, social, and governance (ESG) reporting is being talked about depends very much on where you are in the world. The United Arab Emirates (UAE) has been somewhat of a trailblazer within the Middle East region when it comes to ESG: • The...
Demand runs high for auditors, with more corporate tax focused firms set for launch If anyone asks about the job category with the fastest and highest hiring rates in the UAE, don’t look beyond tax auditors and specialists. The hiring process continues even as the UAE...
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...
The trade relationship between the UAE and Indonesia has been growing steadily in recent years. In terms of bilateral trade, the UAE is one of Indonesia’s largest trading partners in the Middle East. Historically, the UAE has been a major importer of Indonesian palm...
How Sustainable Loans and ESG Assessments are Shaping the Banking Industry’s Approach to Environmental, Social, and Governance Risks. Introduction As the world’s economy continues to face increasing environmental, social and governance (ESG) risks, the banking sector...
Dubai’s thriving economy owes its success to a long-term commitment to diversification, constant innovation, and an enabling business environment. The emirate’s strategic investments in sectors such as trade and logistics, among others, have made it a global hub for...
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...
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...
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