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corporate tax
Banking & Finance
UAE Federal Tax Authority offers grace period for taxpayers falling behind on updating their tax registration
This measure allows updates without penalties for failing to notify the FTA
UAE’s FTA extends deadlines for corporate tax return filing, payment for specific tax periods
The extension applies to short Tax Periods that conclude on or before February 29, 2024
Bahrain
Bahrain: Multinational enterprises required to pay new 15 percent minimum tax on profits starting January 1, 2025
This new framework for MNEs is fully in line with the guidelines set by the OECD
Banking & Finance
Foreign banks in Dubai to pay 20 percent tax on annual taxable income
If the banks pay corporate tax, then this amount will be deducted from their total tax liability
Banking & Finance
Saudi Arabia offers 30-year exemption from corporate income tax for regional HQs in Riyadh
200+ companies already attracted to relocate headquarters to the Kingdom
Banking & Finance
Guide to understanding UAE corporate tax relief
Take advantage of potential benefits to boost financial gains