UAE FTA engages BRICS leaders to strengthen global tax cooperation

The Federal Tax Authority (FTA) participated in the BRICS Tax Experts and Tax Heads Meeting 2026, held in New Delhi, India, bringing together Heads of Tax Authorities and tax...

UAE introduces minimum tax price for liquids used in e-cigarettes effective Sept.1

The Ministry of Finance has announced the issuance of a Decision on the minimum Excise Price for Tobacco Products and Liquids used in Electronic Smoking Devices and Tools. The...

Federal Tax Authority, Dubai Police seize 3.5 million non-compliant excise goods packages

The Federal Tax Authority (FTA) announced that inspection campaigns carried out in cooperation with the General Department of Criminal Investigation of Dubai Police during the first half of 2026...

Ajman Bank reports Dhs263 million profit before tax in H1 2026

Ajman Bank reported strong financial performance for the first half of 2026, posting net profit before tax of Dhs263 million and net profit after tax of Dhs246 million, supported...

Burnham announces tax cut after cabinet shakeup

New UK Prime Minister Andy Burnham announced a tax cut to ease cost-of-living pressures as he was set to convene his first cabinet meeting on Tuesday. After a day...

Ajman completes 100% digital payment project in taxis

The Ajman Transport Authority (ATA) announced the completion of the digital payment project in taxis by 100%, a step which reflects its commitment to adopting modern technical solutions and...

After (tax) effects

Samsung Group heirs finalise 12 trillion won inheritance tax on former chairman’s estate

Industrial sources in South Korea reported today that the founding family of the Samsung Group has completed the payment of inheritance taxes amounting to approximately 12 trillion won ($8...

Taxing artificial intelligence would be a big mistake

Artificial intelligence might be the most transformative technology ever devised. Exactly how its effects will work through the economy is impossible to say, but serious disruption of one kind...

US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz

The United States is warning shipping companies that they could face sanctions for making payments to Iran to safely pass through the Strait of Hormuz. The alert posted on...