Corporate Tax Law Purposes The Decision supports the growth of small businesses and startups. The Decision avoids bringing non-business income for natural persons (individuals) into the scope of Corporate Tax, including wages or personal investment income, among others.   Abu Dhabi, UAE – The Ministry of Finance announced the issuance of UAE Cabinet Decision No. […]

Heavy Penalties for Violations Violating visa and ID rules in the United Arab Emirates could result in heavy fines. The Federal Authority for Identity and Citizenship, Customs, and Ports Security (ICP) has revealed that for violations of rules related to Emirates ID card services, residency, and foreign affairs services, a daily fine of Dhs20, equivalent […]

UAE: 3 deadlines that will go into effect for companies, employees next month Penalties include a fine of Dh42,000, which will increase by Dh1,000 annually until 2026 Since the start of 2023, several initiatives have gone into effect in the UAE, including new Emiratisation rules and a ban on plastics in Ajman and Umm Al […]

UAE: 3 deadlines that will go into effect for companies, employees next month Penalties include a fine of Dh42,000, which will increase by Dh1,000 annually until 2026 Since the start of 2023, several initiatives have gone into effect in the UAE, including new Emiratisation rules and a ban on plastics in Ajman and Umm Al […]

Dubai: 5 ‘hidden gems’ every tourist, resident must visit at least once The municipality has also revealed plans to introduce nighttime swimming with special lighting, trained lifeguards at select beaches There are several hidden gems in the city of Dubai, according to a top official from Dubai Municipality. Bader Anwahi, Chief Executive Officer of the […]

UAE’s mandatory job loss insurance scheme: 2 new employee categories added The number of categories of employees who can subscribe to the UAE’s job loss scheme has been expanded, with the addition of two new classes by the Ministry of Human Resources and Emiratisation (MoHRE). Employees working in free zones and semi-government entities can also […]

New UAE speed limit takes effect May 1st: Hefty fines for slow drivers Motorists caught driving slower than the minimum speed limit will be fined AED400 Starting from May 1, 2023, a new minimum speed limit will be enforced on Sheikh Mohammed bin Rashid Road, a major thoroughfare in the United Arab Emirates (UAE). The […]

The UAE Cabinet has introduced a fresh resolution regarding Qualifying Public Benefit Entities, which exempts them from the obligatory corporate tax fee. The Ministry of Finance has disclosed this latest development aimed at ensuring that such organizations, which operate for the benefit of the broader public, are not required to pay the tax. UAE tax […]