Articles

Bahrain committed to the global minimum corporate tax initiative
Bahrain
Bahrain committed to the global minimum corporate tax initiative
Abdulrahman A Bucheeri on 31 May 2023
In my last article, I discussed the UAEs announcement concerning the introduction of corporate income taxation (CIT), and hinted that Bahrains rollout of CIT is..
Understanding the Prerequisites for Maintaining Master File and Local File to Comply with Corporate Tax Law
UAE
Understanding the Prerequisites for Maintaining Master File and Local File to Comply with Corporate Tax Law
Mohammed Shakee on 30 May 2023
To adhere to the Corporate Tax Law, it is necessary to understand the prerequisites for maintaining the Master File and Local File. Requirements for Maintain..
Key takeaways from Ministerial Decision on Participation Exemption
UAE
Key takeaways from Ministerial Decision on Participation Exemption
Nishit Parikh on 26 May 2023
Ministerial Decision No.116 of 2023 As per Article 23, specified income from participating interest is exempt from Corporate Tax in UAE (CT). As per Clause 2..
The Transformative Power of Artificial Intelligence for Financial Forecasting
GCC
The Transformative Power of Artificial Intelligence for Financial Forecasting
Editor on 24 May 2023
Artificial Intelligence (AI) has emerged as a game-changer in various industries, and its impact on financial forecasting is no exception. Traditional methods o..
UAE Corporate income tax: Hot topics
UAE
UAE Corporate income tax: Hot topics
Dahiba Bensafi on 17 May 2023
Since the end of April, the Ministry of Finance (MOF) and the Federal Tax Authorities (FTA) have decided to publish every week the most expected decisions to cl..
Tax Exemptions for Qualifying Public Benefit Entities that includes Universities from UAE Corporate Tax Law
UAE
Tax Exemptions for Qualifying Public Benefit Entities that includes Universities from UAE Corporate Tax Law
zhali@sharjah.ac.ae on 16 May 2023
The Ministry of Finance (MoF) has recently issued a Cabinet Decision (CD) No. 37 of 2023 dated 07 April 2023 regarding the Corporate Tax exemptions to Qualifyin..
Amendments to VAT Reporting Requirements : Electronic Commerce Supplies and record keeping requirements
UAE
Amendments to VAT Reporting Requirements : Electronic Commerce Supplies and record keeping requirements
Mohammed alfa Mv on 29 April 2023
Tax is the means by which governments raise revenue to pay for public services. Government revenues from taxation are generally used to pay for amenities such a..
Tax Transparency In Asia 2023
Tax Transparency In Asia 2023
Alfredo Collosa on 28 April 2023
This article aims to analyze the role of transparency and exchange of information in helping governments fight tax evasion and other illicit financial flows, in..
Blockchain Technology: Revolutionizing Tax Collection for Greater Efficiency and Transparency
UAE
Blockchain Technology: Revolutionizing Tax Collection for Greater Efficiency and Transparency
Anu Goel on 05 April 2023
Blockchain technology has the potential to revolutionize the way tax authorities operate, allowing for greater transparency, accuracy, and efficiency in tax col..
Driving Sustainability: The UAE's Progress Towards a Circular Economy and the Potential of Blockchain Technology
UAE
Driving Sustainability: The UAE's Progress Towards a Circular Economy and the Potential of Blockchain Technology
Anu Goel on 20 March 2023
A circular economy is an economic model designed to eliminate waste and promote sustainability by keeping resources in circulation, through strategies such as r..

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