Motei Admin

Corporate Tax Filing Deadline Postponed for Short Tax Periods Ending on or before 29th February 2024

This extension applies to companies incorporated, established, or recognized after 1st June 2023, which experienced a shortened first tax period. The postponement offers businesses more time to meet their obligations, easing administrative pressures and helping avoid potential penalties. The FTA encourages all businesses to take advantage of this extended deadline to ensure timely and accurate […]

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Validity of the Legal Eviction Notice Issued by the Previous Owner Against the Tenant in Case of Sale of the Property to a New Owner

Subsequently, the ownership was transferred to a second owner, who later sold the property to our client. The transfer of ownership included the eviction notice, thus enabling our client to obtain the villa vacant and free of occupants by 1st August 2024. However, upon reaching out to the tenant to confirm the eviction as per

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Understanding Prenuptial Agreements for Foreign Residents in the UAE: A Guide to the Current Legal Framework

This article will explore the current legal framework surrounding prenuptial agreements in the UAE, particularly under Federal Decree-Law No. (41) of 2022 and relevant Emirati laws. Legal Framework guiding the Prenuptial Agreements in the UAE 1. Federal Decree-Law No. (41) of 2022 Federal Decree-Law No. (41) of 2022 governs civil personal status and family matters

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The Rental Disputes Centre (RDC) ruled that tenant is liable for any damage caused by their negligence while the property is in their possession

FACTS Unfortunately, three months into the tenancy, the tenant notified our client of an unexpected water leak occurring in the middle of the night, which caused a flood and significant, irreparable damage to the wooden floor. The tenant argued that their insurance policy does not cover floods, and that the incident was beyond their control,

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Key Rules for Determining Taxable Income in the UAE

Starting Point: Net Accounting Profit or Loss The process for determining taxable income begins with the net accounting profit or loss reported by the taxable person. This figure provides the baseline for further adjustments required by the UAE CT Law. Key Adjustments for Accurate Taxable Income Calculation Exempt Income: Identify and exclude income that is

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Mastering Withholding Tax and UAE Corporate Tax: A Guide to Managing Foreign Tax Credits

Withholding Tax Credit as an Instrument to Avoid Double Taxation In an increasingly globalized economy, businesses and individuals often receive income from various foreign sources, such as dividends, interest, royalties, and service fees. To appropriately tax these cross-border transactions, many countries implement withholding tax mechanisms. Typically, the payer—a business or financial institution in the foreign

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Redundancy in the UAE: Understanding Your Rights and the Legal Framework

Introduction We take this opportunity to discuss a very hot topic of Redundancy, a term frequently used by employers, but not always properly understood or fairly applied. 2016: Initial recognition of redundancy under UAE Labour Law, providing a foundation for lawful termination due to business needs. 2020: Ministerial Resolution No. 279 of 2020 introduced during

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Hidden Savings: Discover If Your Business Qualifies for UAE Corporate Tax Exemptions

There is also a possibility to seek various exemptions and reliefs. However, certain conditions must be met for businesses to qualify for exemptions or reliefs and understanding these conditions is crucial for maximizing potential savings now that businesses must accept and adapt to the new CT Law. Types of Exemptions Extended by the Ministry of

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