Tax

Egypt issues new guide to help investors understand rights, tax obligations

This initiative is designed to reassure both current and prospective investors regarding their future tax responsibilities

UAE’s FTA corporate tax awareness initiatives attract over 15,700 participants, rising 8.7 percent in 2024

In 2024, 96 percent of FTA attendees expressed satisfaction with the informative nature of awareness events

UAE’s FTA urges natural persons to register for Corporate Tax before March 31

The FTA defines a 'natural person' as any living human being, regardless of age or residence

Oman, India sign tax protocol to boost economic relations

India-Oman trade grew to $12.388 billion in 2022-2023

UAE digital VAT refund system achieves 34,900 applications, $789.5 million in refunds

In 2024, UAE nationals received 7,520 VAT refund applications for new residences, totaling $191.8 million

Sharjah Islamic Bank posts record profit of $313.1 million in 2024

Total profit from financing grew 20.6 percent, reaching AED3.7 billion in 2024

UAE, Russia sign double taxation avoidance draft agreement to boost economic cooperation

This agreement seeks to establish a stable and investment-friendly tax framework and eliminate tax barriers

Bahrain, Oman sign 25 cooperation agreements to strengthen bilateral relations

The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration

Dubai launches first-ever tax certification program in Arab world

This certification caters specifically to tax professionals employed by Dubai government entities

UAE Ministry of Finance announces key amendments to tax regulations effective January 2025

The modifications introduce various administrative reliefs and clarifications for businesses that establish Tax Groups.

UAE’s Federal Tax Authority urges businesses to file corporate tax returns by December 31, 2024

This will help them avoid administrative penalties for failing to comply with the legally mandated deadlines