Tax

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.

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

SMEs and Start-ups, in the UAE, will be able to benefit from Corporate Tax relief according to a new resolution issued by the Ministry of Finance.

The Federal Tax Authority can now issue "Tax Residence Certificates" for natural and legal persons inside the UAE. Check the criteria to identify if you meet the requirements.

The newly issued regulations of the VAT Law in Oman highlight key areas, rules and procedures that taxpayers and persons/entities subject to VAT should be aware of.