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Crude Oil WTI Futures, set to expire in March, also saw a gain of 0.4 percent, reaching $68.53
The package aims to boost innovation in taxes, enhancing SME empowerment and tax compliance
The decision applies to those whose annual revenues from goods and services exceed $10.7 million
This growth was fueled by remarkable performance in both passenger and cargo sectors
Property sales reached $19 billion, a 72 percent increase from $11 billion in 2023
This initiative is designed to reassure both current and prospective investors regarding their future tax responsibilities
In 2024, 96 percent of FTA attendees expressed satisfaction with the informative nature of awareness events
Domestic Minimum Top-Up Tax came into effect earlier this January
The FTA defines a 'natural person' as any living human being, regardless of age or residence
India-Oman trade grew to $12.388 billion in 2022-2023
In 2024, UAE nationals received 7,520 VAT refund applications for new residences, totaling $191.8 million
Total profit from financing grew 20.6 percent, reaching AED3.7 billion in 2024
