The Federal Tax Authority (FTA) held an informative workshop in Dubai today focused on the ‘Rules for Determining Income Subject to Corporate Tax.’ This event is part of the FTA’s ongoing campaign aimed at raising awareness of corporate tax among various business sectors and taxpayers. The FTA’s initiative aims to educate eligible taxpayers about their...
In an effort to enhance tax transparency and improve the business environment in the country, the UAE Ministry of Finance has announced a Cabinet decision regarding the treatment of joint ventures. This decision, approved by the Federal Tax Authority, allows joint ventures to be treated as taxable entities under Federal Decree-Law No. (47) of 2022...
Five banks and two insurance companies in the United Arab Emirates have been penalized a total of AED 2.62 million for failing to adhere to tax regulations, as announced by the Central Bank of the UAE (CBUAE) on Tuesday. The CBUAE reported that the penalties were imposed after the entities did not comply with the...