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    UAE to introduce new tax on business profits, effective from next year

    31 Jan 2022

    With a standard statutory tax rate of 9 percent and a 0 percent tax rate for taxable profits up to Dhs375,000 to support small businesses and startups, the UAE corporate tax regime will be amongst the most competitive in the world.

    India cuts effective corporate tax rate to 25.75% to revive investment

    20 Sep 2019

    Indian Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to revive sagging investment in Asia's third largest economy including a cut in corporate taxes.

    UAE announces penalties for corporate tax violations

    29 Jul 2023

    The Cabinet Decision specifies the administrative penalties that will be imposed by the Federal Tax Authority for violations related to the application of the Corporate Tax Law, effective as of 1st August 2023.

    Ministry of Finance lays down conditions for businesses to be exempt from corporate tax

    10 May 2023

    Firms undergoing liquidation or termination are eligible for a corporate tax exemption provided a notification has been submitted to the Federal Tax Authority (“FTA”) within 20 business days from the date of the beginning of the liquidation or termination procedure.

    America’s unending economic blues

    17 Jun 2022

    The Federal Reserve has raised interest rates on Wednesday by 75 basis points, taking the interest rate to between 1.5 and 1.75 per cent, which is still quite low. But it is expected that interest rates could be as high as 3.4 per cent by the end of 2022 even as inflation is expected to hover round 5.2 in the year.

    UAE announces two new decisions relating to corp tax for free zones

    01 Jun 2023

    The UAE Ministry of Finance has released two new decisions that together specify the main features of the Corporate Tax regime as it applies to juridical persons operating out of free zones in the UAE.

    Corporate tax signifies a huge step in UAE’s economic transformation

    04 Jun 2023

    The introduction of corporate tax in the UAE signifies a significant step in the country’s economic transformation. Effective from June 1, 2023, businesses

    Properties of non-residents in UAE are subject to tax

    05 Jun 2023

    The UAE Ministry of Finance on Monday announced the issuance of Cabinet Decision No. 56 of 2023 on a Non-resident person’s Nexus in the UAE for the purposes

    FTA continues ‘Tax Support’ awareness campaign tours in Ajman and RAK

    19 Jun 2023

    Organised by the Federal Tax Authority (FTA) to ensure direct and constant communication with various business sectors, the Tax Support initiative continued its activities across all emirates to raise tax awareness and improve compliance rates. The Authority revealed on Monday that two new awareness tours were held in

    FTA launches first event under ‘Tax Support’ initiative for 2023

    29 Jan 2023

    The Federal Tax Authority (FTA) has launched the ‘Tax Support’ initiative to raise tax awareness among business sectors in the UAE through direct and sustained contact, as a means to enhance compliance with tax laws and regulations. The first workshop for 2023 under the initiative was held on Jan.24 and 25 as a collaboration

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