UAE Ministry of Finance issues decision on Exemption of Tax Registration. Big Relief for Non Resident Person.
Ministerial Decision No. 43 of 2023 has been issued by the Ministry of Finance. This decision concerns Exemption from Tax Registration for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses..
New Cabinet Decisions on Tax Procedures and Penalties: Key Record Keeping Requirements for UAE Businesses
Cabinet Decision No. (74) of 2023 was issued on 28 July 2023 on the Executive Regulation of Federal Decree Law No. (28) of 2022 on Tax Procedures. Cabinet Decision No. (75) of 2023 On the Administrative Penalties for Violations Related to the Application of Federal Decree Law No. (47) of 2022 on the Taxation of Corporations …
Ensuring proper accounting and bookkeeping following the standards prescribed by the FTA
We are soon approaching the end of Financial Year 2023 for most businesses in UAE. Why is this year end different and significant? The UAE Corporate Tax (CT) regime will become effective for financial years starting on or after 1 June 2023. This means that businesses with a January to December financial year will be subject …
