RAQEEB, a whistleblower program for tax violations and evasion
The UAE’S Federal Tax Authority (FTA) has recently introduced a whistleblowing program to increase public awareness and to enhance tax compliance. RAQEEB […]
Public Consultation on UAE’s Corporate Tax Regime
The UAE Ministry of Finance (MoF) recently published a public consultation document on the Corporate Income Tax (CIT) to outline policy background […]
VAT zero-rating on export of goods
The purpose of this article is to explain when exporters are eligible to charge a zero-rated VAT on export of goods from […]
Input VAT deduction for mobile phones and packages, made available to employees for business use.
The UAE Federal Tax Authority (“FTA”) published a new VAT Public Clarification (VATP028) that provides guidance on the recovery of input tax […]
UAE’s Corporate Income Tax
The UAE Ministry of Finance has announced that it will introduce a federal corporate tax on business profits effective for financial years […]
Grey and black lists
Anti-Money Laundering regulations in the UAE The Financial Action Task Force (FATF) identifies countries with anti-money laundering and combating the financing of […]
UAE tax penalties reduced and discounted
On April 28th, 2021, the UAE Cabinet issued Resolution No 49 of 2021 amending tax penalties and provides reduction, alternative calculations, and […]
Anti-Money Laundering regulations
goAML Registration deadline is march 31st Overview Part of its commitment to combat the ant-money laundering and terrorism financing (AML/CFT), the United […]
Is your business subject to the ESR?
What is the ESR? Economic Substance Regulations (ESR) in the UAE mandate that certain companies maintain and demonstrate adequate economic presence within […]
Economic Substance Regulations (ESR) – Overview
What is the ESR Economic Substance Regulations (ESR) in the UAE mandate that certain businesses maintain and demonstrate adequate economic presence within […]
The time frame for recovering Input Tax in the UAE
The Federal Tax Authority of the UAE (FTA) published a new VAT Public Clarification (VATP017) which provide an interpretation of the time-period […]
Ultimate Beneficial Owner Regulations
New regulation in respect of disclosing the Ultimate Beneficial Owners (UBO) of businesses have been implemented in the UAE via Cabinet Decision […]
