Latest News in UAE
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UAE Corporate Tax Compliance: Key Insights for Taxpayers to Avoid Penalties and Ensure Accurate Filing
01-06-2025
Banks need to know the background and business of their customers, and the FTA needs to know the taxpayer’s complex business and relevant rules. The voluntary self-declaration idea that underpins corporation tax necessitates self-discipline and preparation to ensure error-free filing and prevent future penalties.
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UAE Corporate Tax: Early Filers Face December 31 Deadline, Majority Prepare for 2025 Compliance
01-01-2025
While most UAE companies may have until September 2025 to file their first corporate tax returns, some businesses have already passed the tax filing date. Companies whose tax period was on or before February 29, 2024, and who were formed or licensed in June of 2023, had until December 31, 2024, to file their returns.
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UAE’s Exporters to Benefit from VAT-Related Savings Under New Incentive
11-05-2024
Supporting domestic exporters has become a top focus as the UAE changes into a major hub for global trade. The latest changes to VAT regulations, which go into effect on November 15, 2024, are intended to simplify the VAT reclaim procedure and offer exporters an opportunity to reduce operating costs and improve cash flow.
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