The UAE has always been famous for its business-friendly policies. These policies attracted a heavy amount of foreign investment from large multinational corporations and investors. However, in order to diversify income sources other than tourism and oil, the UAE is implementing a new corporate tax (CT) from June 1, 2023. Federal […]
A corporate tax is a tax that is applicable to the taxable profits of a company. Taxable profit is the profit after all allowable expenses as per the tax laws of a country. In the UAE, the concept of corporate tax is under debate after the introduction of a new law, […]
Taxes are one of the prime sources of revenue for most economies. Tax compliance is important for the smooth functioning of the overall economy of a country. Governments need to collect taxes timely and completely in order to provide essential services to the citizens. However, the collection of taxes is not […]