Qualifying Income Tax In The UAE Free Zone: Pay Attention, Or Pay Tax

Economy & Trade Jun 06

Be aware of the ‘De-Minimis’ Threshold and hire an accountant or face serious financial risks and penalties The UAE’s new Corporate Income Tax code has kicked in from June 1st and requires specific attention from foreign investors based in the UAE Free Zone (FZ). It should be noted by all companies in the FZ that […]

Economy & Trade

UAE Announces Tax Ruling On Non-Residents Property Income

Jun 05

Foreign Property Owners Earning Rental Need To Be Aware This Is Now Taxable Income The UAE Ministry of Finance has announced a Cabinet Decision regarding non-resident person’s corporate tax exposure of property held in the UAE.

Economy & Trade

Iran’s Imports From Kyrgyzstan Up 119% As INSTC & EAEU FTA Begins To Make An Impact

Jun 04

Iran’s imports from Kyrgyzstan increased by 119% in value and 36.2% in volume during the first month of the current Iranian year (March 21 through April 20, 2023), compared to the same month in the last year. Iran imported a total of 256 tons of goods worth approximately US$414,000 from Kyrgyzstan during the month, mainly […]

Economy & Trade

What Is ‘Qualifying Income’ In The UAE Free Zone?

Jun 01

Now is the time to engage in Free Zone business tax compliance upgrades as UAE corporate tax kicks in. The new corporate tax regime in the UAE has now begun (June 1) with some clarifications still being issued by the UAE Ministry of Finance. An oft asked question as businesses look to minimise the taxable […]