Corporate Tax

Corporate Tax

Bylocal

What about Corporate Tax? Following the enactment of Federal Decree Law No. 47 of 2022 regarding the Taxation of Corporations and Businesses, the Federal Tax Authority has released numerous publications offering comprehensive practical advice on various aspects outlined in the CT Law. In October 2023, the FTA issued a comprehensive Transfer Pricing Guide. While not…

Dubai: Foreign banks to pay a 20% annual tax.
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Dubai: Foreign banks to pay a 20% annual tax.

Bylocal

Taxation of Foreign Banks Operating in the Emirate of Dubai As of 8 March 2024, the Taxation of Foreign Banks Operating in the Emirate of Dubai is governed by Dubai Law No. (1) of 2024. This Law supersedes and annuls Regulation No. (2) of 1996, which previously regulated the taxation framework for Foreign Banks in…