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 Extractive Business and Non-Extractive Natural Resources Business.the UAE This comprehensive guide outlines general instructions applicable to individuals engaged in Extractive Business or Non-Extractive Natural Resource Business within the UAE. Key aspects covered in the guide […]
UAE Extends Corporate Tax Exemption to Public and Community Welfare Entities
In a move aimed at recognizing the significant contributions of entities dedicated to public and community welfare, the UAE Ministry of Finance has announced an exemption from corporate tax for such organizations. This exemption is set to take effect this year, providing a significant incentive for entities engaged in philanthropy, community services, and corporate social […]
Streamlined Process: UAEICP Introduces Effortless Emirates ID Updates
The UAE Federal Authority for Identity, Citizenship, Customs, and Ports Security (UAEICP) has unveiled a significant update for Emirates ID holders, aimed at enhancing convenience and efficiency. The latest directive from the authority stipulates that any adjustments to residency details will now automatically trigger a request for a replacement Emirates ID card, according to a […]
