
FTA guide on the UAE Tax on Foreign Income
On December 12, 2023, the UAE Federal Tax Authority (FTA) issued a Corporate Tax Guide focusing on the Taxation of
Tata Steel, which is part of the Indian conglomerate Tata Group and had a revenue of Dh389.36 billion in the previous financial year, established social security programs for family members of employees impacted by the Covid-19 pandemic on Sunday (May 23).
The steelmaker claimed that all of its frontline workers who died as a result of Covid-19 as a result of their work would be responsible for their children’s education in India before graduation.
The family of the deceased employee/nominee will receive the last drawn salary before they reach the age of superannuation, which is 60 years old, as well as medical insurance and accommodation.
“Tata Steel’s best-in-class social security schemes will help ensure an honourable standard of living for their families,” the company said in a statement.
Source: Khaleej Times

On December 12, 2023, the UAE Federal Tax Authority (FTA) issued a Corporate Tax Guide focusing on the Taxation of

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