The UAE Government is launching a consultation aimed at improving the quality of open data initiatives at the Ministry of Finance. This initiative is designed to align with international best practices and focuses on enhancing transparency while facilitating access to data for researchers. Credit: WAM The consultation seeks to gather public opinions on how to...
The Ministry of Finance has introduced a new initiative called “UAE Global Cadres” aimed at raising awareness among Emirati professionals and students regarding career opportunities within international financial organizations. This initiative targets Emiratis currently working in the UAE and those enrolled in academic institutions both locally and abroad. The “UAE Global Cadres” initiative is part...
The Ministry of Finance in the UAE has announced Cabinet Decision No 35 of 2025, which establishes guidelines for determining the nexus of non-resident individuals for corporate tax purposes. This new regulation clarifies when non-resident investors in Qualifying Investment Funds (QIFs) and Real Estate Investment Trusts (REITs) are subject to corporate tax under Federal Decree-Law...
The UAE has implemented a federal corporate tax with a standard rate of 9 percent, effective from the financial year commencing on or after June 1, 2023. This shift aims to enhance regulatory clarity, but recent alterations to reporting timelines have left many businesses scrambling to adapt. Recently, some companies in the UAE received notifications...