Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Download Decision
Federal Decree-Law No. 16 of 2025 – VAT Changes Read More »
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Federal Decree-Law No. 17 of 2025 – Tax Procedures Changes Read More »
ZATCA issued an extension to its running Tax Amnesty program until 30.06.2026. The tax amnesty program is applied to the following taxes: Corporate Income Tax V.A.T Withholding Taxes Excise Taxes Real Estate Transaction Tax (RETT) The prerequisites to benefit from the initiative as well as the exclusions from it can be found in the Simplified
ZATCA – TAX Amnesty until 30.06.26 Read More »
The Ministry of Finance of U.A.E published Ministerial Decision No. 244 of 2025 on the Implementation of the Electronic Invoicing System. The decision states the following: Sets a voluntary pilot program for e-invoicing implementation. Defines implementation phases as per below: Phase I: Businesses with revenue AED 50 million or more should appoint and accredited service
Ministerial Decision 244 of 2025 Read More »
UAE’s Ministry of Finance has issued Ministerial Decision No. 243 of 2025 on the Electronic Invoicing System. The decision prescribes the following: E-Invoicing is applicable to all Business conducting persons in the U.A.E Exempted transactions from E-Invoicing are: Transactions conducted by Government entities as defined in the decision Transportation and related sevices as defined in
Ministerial Decision 243 of 2025 Read More »
Tax Losses in Saudi Arabia Saudi Arabia Income Tax Law allows tax losses of mixed and Income Tax only companies to be carried forward indefinitely and until they are completely set-off. Tax losses can only be carried forward and be offset against 25% of each year’s taxable profits. Example Company X is a 100% foreign
Tax Losses in Saudi Arabia Read More »
General UAE’s Federal Tax Authority (FTA) has published a Guide explaining Interest Deduction Limitation Rules for Corporate Income Tax purposes. Summary Downloads Click to download
Interest Deduction Limitation Rules Read More »
Date: November 6, 2024Authority: FTAPublic Clarification: TAXP007 – Grace period to update information in tax records
UAE – TAXP007 – Grace period to update information in tax records Read More »
Law Text Corporate Tax shall be imposed on Taxable Income, at the rates determined under this Decree-Law, and payable to the Authority under this Decree-Law and the Tax Procedures Law. Analysis This Article sets out the general scope of the Corporate Tax Law. It establishes that Corporate Tax is imposed on the Taxable Income earned
Article 2 – Imposition of Corporate Tax Read More »
