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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
The United Arab Emirates Cabinet has issued a Cabinet Resolution no (58) of 2020 in relation to Ultimate beneficial Ownership on 28 August 2020. This resolution is applicable to all entities that are registered in the UAE mainland and free zones
The UBO is the one who ultimately owns or controls a company and/or on who conducts the transaction or on whose behalf a transaction is being conducted. Declaring a company’s ultimate beneficiary is “one of the main requirements for completing disclosure and transparency requirements from enterprises and individuals within the anti-money laundering system in the country”, said Safeya Al Safi, director of the ministry’s anti-money laundering department.
The MoE has urged the compliance of UAE establishments with UBO DATA SUBMISSION.
Source: Khaleej Times
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On December 12, 2023, the UAE Federal Tax Authority (FTA) issued a Corporate Tax Guide focusing on the Taxation of
With a stunning opening ceremony, UAE welcomes the world to Expo 2020 Dubai Sheikh Mohammed bin Rashid, Vice President and
Um al Quwain, the Free Zone in the middle of United Arab Emirates SMEs, startups, and mixed companies can find