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    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.

    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 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.

    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

    Rich nations strike deal to tax big multinational companies

    05 Jun 2021

    In a move that could raise hundreds of billions of dollars to help governments cope with the aftermath of COVID-19, the Group of Seven (G7) large advanced economies agreed to back a minimum global corporate tax rate of at least 15%.

    UAE announces corporate tax relief for small businesses and startups

    06 Apr 2023

    Ministerial Decision No. 73 of 2023 specifies that businesses with revenues of Dhs3 million or less can benefit from Small Business Relief and the conditions for Small Business Relief election

    UAE exempts entities established for public benefit from corporate tax

    23 Apr 2023

    This is according to Cabinet Resolution No. (37) of 2023 regarding public benefit entities that are eligible for the purposes of Federal Decree-Law No. 47 of 2022 regarding corporate and business tax.

    UAE issues three new ministerial decisions relating to corporate tax

    23 May 2023

    The UAE Ministry of Finance has announced three new Ministerial Decisions for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.

    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.

    Dubai Chambers introduces EU team to UAE Corporate Tax Law

    12 May 2023

    Dubai Chambers, in collaboration with Al Tamimi & Company Law Firm, has hosted a workshop focused on introducing the commercial attachés of EU Diplomatic Missions to the UAE’s Corporate Tax Law.

    16 Results