Sharjah Introduces New Income Tax on Branches of Foreign Banks
As of August 3rd, branches of foreign banks operating in Sharjah are subject to a new income tax of (20%).
As of August 3rd, branches of foreign banks operating in Sharjah are subject to a new income tax of (20%).
The new recommendations from FATF (15) require that Virtual Assets (VA) and Virtual Assets Service Providers (VASP), be regulated by the concerned Regulators, for AMLCFT purposes.
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