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Legal, Tax, Regulation & Compliance

06/02/2023

7% boost in industrial licence renewals in 2022: Sharjah FDI Office

Remarkable growth signifies the enduring appeal that Sharjah holds for businesses

06/02/2023

Corporate tax: UAE exempts free zones from business tax

The government said qualifying entities in the country’s economic free zones will be subject to a 0 per cent rate

06/02/2023

Is UAE planning to introduce income tax? Top official responds

With corporate tax taking effect on June 1, the official also clarified that the scheme won't apply to the personal income of workers employed in government and private sectors

05/31/2023

KPMG Lower Gulf strengthens tax advisory leadership

With new Head of Tax, and Head of Transfer Pricing

05/31/2023

How UAE businesses have prepared for corporate tax

Federal Tax Authority will be responsible for the administration, collection and enforcement of the tax

05/31/2023

GIB signs credit facility agreement with Italy’s SAIPEM

An official signing ceremony was held at GIB KSA headquarters in Alkhobar.

05/30/2023

Difference between VAT and corporate tax

Corporate tax will be introduced in the UAE from June 1, with exemptions for some businesses and organisations

05/29/2023

Saudi campaign against illegal insurance deals and fraud

SR2 million fine and jail for doing unlicenced insurance business

05/26/2023

Labuan IBFC Inc. and Qatar Financial Centre Authority enhance strategic partnership

Both parties have signed a renewed MoU to further collaborate on market development and promotional activities

05/26/2023

Saudi Arabia signs energy cooperation deal with Azerbaijan

Agreement outlines cooperation in the field of circular carbon economy and related technologies that seek to mitigate the impact of climate change.

05/26/2023

UAE's corporate tax explained: June 1 start, key elements and exemptions

A standard statutory rate of 9 per cent will apply starting from the financial year beginning on or after June 1

05/25/2023

OQ explores significance of internal auditing to boost governance

It underscores the value contributed by internal auditing departments to their respective organisations.

05/25/2023

UAE Central Bank removes insurance company’s board of directors

Regulator appoints temporary committee for six months to carry out business at unnamed company

05/24/2023

Banque Misr signs deal with Zammit to support micro, small businesses

Founded in 2020, Zammit is one of the promising companies in the field of e-commerce

05/24/2023

UAE Central Bank removes entire board of directors of insurance company

A temporary committee will oversee operations for six months

05/23/2023

3-year UAE work permit plan: FNC approves proposal

Currently, the permit is issued for two years, and it is illegal for anyone to work in the country without the valid paper

05/23/2023

UAE Corporate Tax: New update offers wide scope on investments made by individuals doing business

Property income generated by an individual doing business is exempt - but on non-licenses

05/23/2023

UAE announces 3 new decisions relating to corporate tax

The decisions aim to enhance the flexibility of the country's corporate tax regime and ensure a supportive business environment for all sectors

05/22/2023

Kuwait Finance House – Bahrain concludes ‘Wa’ed’ Graduate Trainee Program

A number of graduates were hired upon successful program completion

05/22/2023

Egyptians Can Now Open Bank Accounts without a Minimum Deposit

These initiatives include different ‘Bedaya’ (beginning) accounts with the aim of tailoring banking services to individual needs and making them more accessible.

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