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 ..
In a cabinet meeting chaired by Sheikh Mohammed, plans to link payment systems across GCC announced
GCC
In a cabinet meeting chaired by Sheikh Mohammed, plans to link payment systems across GCC announced
Posted on 16 April 2022
On Monday 11 April 2022, in an important cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the..
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..
Implementation of virtual assets law
UAE
Implementation of virtual assets law
Posted on 23 March 2022
The Government of Dubai has passed the first legislation controlling virtual assets, as well as forming an exclusive regulator to supervise the industry, at a t..
Money- laundering is put down in grey list by UAE
Money- laundering is put down in grey list by UAE
Posted on 20 March 2022
Friday Dubaiwas added to the Financial Action Task Forces 23-member list, inclusive ofYemen, Syria, and South Sudan. The FATF stated that grey-list nations are ..
Meeting to prevent anti-money laundering and financial crimes in UAE
UAE
Meeting to prevent anti-money laundering and financial crimes in UAE
Posted on 17 March 2022
A high-level coordination meeting on anti-money laundering and countering the funding of terrorism (AML/CFT) was hosted by Sheikh Mansour bin Zayed Al Nahyan, D..
Extensive technical guidelines for a global minimum tax of 15%
UAE
Extensive technical guidelines for a global minimum tax of 15%
Posted on 17 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..
Policy to be introduced regarding custom code
UAE
Policy to be introduced regarding custom code
Posted on 14 March 2022
A new policy has been introduced to simply transactions with Dubai customs by linking clients and customs electronically. It enables them to practice business a..

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