News

Ajman free zone witnesses a 33% rise in corporate tax firms
UAE
Ajman free zone witnesses a 33% rise in corporate tax firms
Posted on 27 June 2022
The growth symbolizes the increasing confidence of the business community in the free zone in a post-pandemic future. Given the UAE governments decision to i..
Introduction Of Corporate Tax By UAE
UAE
Introduction Of Corporate Tax By UAE
Posted on 06 May 2022
On 31 January 2022, the Ministry of Finance announced that the United Arab Emirates (UAE) will introduce a federal Corporate Tax on Business profits effective f..
Oman Is On The Cusp Of Taking The Historical Decision To Introduce Personal Income Tax
Oman Is On The Cusp Of Taking The Historical Decision To Introduce Personal Income Tax
Posted on 28 April 2022
With the world waking up to the damage done to the global economy by tax havens, there is mounting pressure on the gulf nations to change and rationalize their ..
Extensive technical guidelines for a global minimum tax of 15%
Extensive technical guidelines for a global minimum tax of 15%
Posted on 23 March 2022
The OECD/G20 Inclusive Framework on BEPS announced new technical guidelines today on the 15% global minimum tax, which was agreed in October 2021 as astrategy t..
UAE's steps to strengthen anti-money laundering
UAE
UAE's steps to strengthen anti-money laundering
Posted on 07 March 2022
UAE has made a noticeable progress in improving anti-money laundering The UAE has shown its firm obligation to work intimately with FATF to address remaining..
MAWANI Issues Agency License to Orient Overseas Cargo Line Co.
Others
MAWANI Issues Agency License to Orient Overseas Cargo Line Co.
Posted on 22 February 2022
Hong Kong-based container transport shipping and logistics giant Orient Overseas Cargo Line Co. (OOCL) was issued shipping rights for pursuing activities and co..
Zakat, Tax and Customs Authority launches Its New Application
KSA
Zakat, Tax and Customs Authority launches Its New Application "ZATCA" for Smartphones
Posted on 22 February 2022
Under a new initiative to develop the electronic services offered by the governments financial arm, The Zakat, Tax and Customs Authority (ZATCA) has launched a ..
Abu Dhabi customs joins tradelens to work with exporters, importers to explore blockchain underpinned document flows
Others
Abu Dhabi customs joins tradelens to work with exporters, importers to explore blockchain underpinned document flows
Posted on 18 February 2022
A recent conference and workshop by Abu Dhabi Customs with key export and import partners stressed the fact how Tradelens and digitizing transport documentation..
OECD invites public input on the draft rules for nexus and revenue sourcing under pillar one amount A
Others
OECD invites public input on the draft rules for nexus and revenue sourcing under pillar one amount A
Posted on 18 February 2022
In October 2021, over 135 members of OECD/G20 Inclusive Framework reached an agreement on BEPS to a two-pillar solution addressing the tax challenges arising fr..
FTA releases VAT Clarification on Goods Supplied in a Designated Zone, and Connected Shipping or Delivery Services
UAE
FTA releases VAT Clarification on Goods Supplied in a Designated Zone, and Connected Shipping or Delivery Services
Posted on 11 November 2021
UAEs Federal Tax Authority (FTA) has released a new VAT Public Clarification VATP027 on Goods Supplied in a Designated Zone, and Connected Shipping or Delivery ..

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