corporate tax
- Middle East
UAE to impose 15 pc corporate tax from January
The United Arab Emirates (UAE) is poised to introduce a minimum top-up tax (DMTT) of 15 percent on large multinational enterprises (MNEs) operating in the country. This will be implemented on or…
- Middle East
UAE to impose Rs 2.25L fine for late corporate tax registration
Abu Dhabi: The United Arab Emirates (UAE) has announced an administrative penalty of Dirham 10,000 (Rs 2,25,735) for late registrations for corporate tax. On Tuesday, February 27, the finance ministry announced cabinet…
- Middle East
Saudi Arabia offers 30-yr tax cuts woo regional HQs to Riyadh
Riyadh: The Kingdom of Saudi Arabia (KSA) has announced a 30-year tax-relief package for foreign companies that establish their regional headquarters in its capital city Riyadh. The decision was taken in coordination…
- Middle East
UAE announces penalties for corporate tax violations
Abu Dhabi: The UAE Ministry of Finance (MoF) today announced the issuance of Cabinet Decision No. (75) of 2023 regarding administrative penalties for violations related to the Federal Decree-Law No. 47 of…
- Middle East
Income Tax in UAE? Here’s what the government said
Abu Dhabi: The UAE introduced a federal corporate tax at a standard statutory rate of 9 percent starting from this fiscal year, beginning on or after June 1. The introduction of the…
- Middle East
Who is exempted from corporate tax in UAE?
Abu Dhabi: The United Arab Emirates (UAE) Ministry of Finance on Wednesday clarified rules on who should and should not pay corporate tax in the country. The ministry of finance has said that the…
- Middle East
UAE announces tax exemptions for public benefit entities
Abu Dhabi: The Ministry of Finance has announced a new UAE Cabinet decision relating to ‘qualifying public benefit entities’, whereby Public benefit entities are exempted from the corporate tax. It’s noteworthy that…
- Middle East
UAE announces corporate tax registration exemptions
Abu Dhabi: The United Arab Emirates (UAE) has announced that certain businesses are exempt from registering for corporate tax that will be introduced in June this year, the Emirates News Agency (WAM) reported.…
- India
No change in personal income tax rates in Budget
New Delhi: Belying expectations, Finance Minister Nirmala Sitharaman did not tinker with the personal income tax rates in the Budget for 2022-23. The minister also did not raise standard deduction, which was…
