The freezone will have a tax incentive of zero per cent CT if they maintain adequate substance and comply with all regulatory requirements.
Inayat-ur-Rahman, Business EditorThe UAE is introducing a competitive corporate tax regime (CT regime) effective for year end starting on or after June 1, 2023. The CT regime is based on international best practices to meet its commitment to adopt international standards for tax transparency and preventing harmful tax practices. In addition, it will provide the basis to implement the global minimum effective tax rate as proposed under “Pillar Two” of the OECD BEPS project.
As part of its endeavours to strengthen cooperation frameworks in tax matters, protect taxpayers from double taxation, and avoid impeding the flow of trade and investment,
There is vast potential for the UAE and Kazakhstan to expand business ties in key sectors and areas of mutual interest, such as food security, agriculture and digitalisation of economic sectors,
The UAE was ranked among the 20 leading countries in 16 global competitiveness indexes related to foreign trade in 2020, marking a new achievement and consolidating the country’s status as a key centre of international trade.
Good news on the economy is still bad news for Wall Street, and stocks are falling Friday on worries a still-strong US jobs market may actually make a recession more likely.
The third edition of the Future Food Forum, concluded on Thursday highlighting the need for redefining regulations, consumer trends, crisis management and innovation
Mohamed Helal Al Mheiri, Director General of the Abu Dhabi Chamber, received a high-level delegation from the Chinese company Jiangsu Overseas Cooperation and Investment (JOCIC) at the Chamber’s tower in Abu Dhabi.