Updates & Alerts

Beginning 2023, the Law governing Family Businesses in the UAE came into force. The Law stipulated that a special judicial committee will be formed, in each Emirate, to handle the settlement of disputes related to these family businesses. Dubai has now established such Committee.

Almost two months ago, HH Sheikh Mohamad bin Rashid, UAE's Prime Minister and Ruler of Dubai, announced that the Cabinet has approved a new End of Services Scheme (EoSS) for private sector and free zones establishments. Here's what we know so far about the new scheme.

The UAE Arbitration has been amended pursuant to a law recently enacted. Three key changes have been introduced with these amendments that will impact and enhance the efficiency and flexibility of the arbitration law.

A group of persons can now be contributors or participants in a real estate shareholding development project and get ownership of shares in return.

After two decades of implementing the Oman Labour Law ("old law"), the Sultanate of Oman follows the lead of other GCC nations in revamping its legislation and enacts a new Labour Law ("new law").

In 2021, Saudi Arabia promulgated the Law of Execution before the Board of Grievances; pursuant to which the Board was delegated to determine the enforcement date of the Law.

HH Sheikh Sultan bin Mohammed Al Qasimi, Ruler of Sharjah, promulgated a Law subjecting branches of foreign banks, operating in the Emirate of Sharjah, to a new income tax.

The Kuwait Capital Markets Authority issued a circular setting out the parameters of prohibitions when it comes to dealings or transactions related to Virtual Assets or Virtual Currencies.

Key changes to the Income Tax Law came in force on the 16th of June 2023 with the changes to Personal income tax amendments in force from 1st July 2023.

3 Key Changes to Jordanian Labor Law No. 8 of 1996 that entered in force on the 15th of June of 2023.

The FTA launches the public awareness campaign to be of service to taxpayers. The aim of this campaign is to help taxpayers understand the Federal Decree-Law No. (47) of 2022 on the Corporate Tax Law.

The Saudi Justice Ministry's Najiz platform provides more than 140 e- services including courts, legal enforcement and notarization.