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
Legal, Tax, Regulation & Compliance
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.