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UAE Ministry of Finance Announces key Tax Amendments to Ministerial Decisions on Tax Groups, Participation, and Foreign Permanent Establishment Exemptions

Updated Ministerial Decisions: Ministerial Decision No. (301) of 2024: Addresses Tax Groups under Federal Decree-Law No. 47 of 2022, introducing administrative simplifications. Ministerial Decision No. (302) of 2024: Provides further clarity on the Participation Exemption and Foreign Permanent Establishment Exemption. Highlights of the Revisions: I. Amendments to Tax Group Regulations The updated Ministerial Decision No. […]

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UAE Introduces 15% Domestic Minimum Top-Up Tax for Multinationals

Latest News / Motei Admin

This development follows updates to Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, further amended by Federal Decree-Law No. 60 of 2023. The DMTT will apply to financial years starting on or after January 1, 2025. This strategic measure reflects the UAE’s commitment to implementing the Organisation for Economic Co-operation

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Ministerial Decision No. 261 of 2024: Key Updates on Unincorporated Partnerships, Foreign Partnerships, and Family Foundations

Latest News / Motei Admin

Effective from 1 June 2023, this decision introduces updates regarding Unincorporated Partnerships, Foreign Partnerships, and Family Foundations. The key objectives of these updates include: Clarity in Tax Obligations: These structures often operate outside the framework of traditional corporations, making their tax obligations less clear. Properly defining their tax treatment ensures consistency and eliminates ambiguity in

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UAE Corporate Tax: “Tax Returns” Guide

Latest News / Motei Admin

Unlike static systems in other jurisdictions, the UAE’s CT return dynamically adjusts based on taxpayer inputs, demanding detailed preparation and precise data management. Key Observations from the Tax Return Guide: Tailored Filing Requirements: Taxpayers must ensure their EmaraTax registration details are accurate, as these influence the return fields and schedules. Detailed Free Zone Schedules: Qualifying

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Key Changes in UAE Economic Substance Regulations: Essential Updates for Businesses

Latest News / Motei Admin

Historic Overview – Economic Substance Regulations (ESR) These regulations aimed to ensure that companies conducting certain “Relevant Activities” within the UAE maintain substantial economic activity. Compliance required companies to meet three core tests: the Core Income Generating Activity (CIGA) test, the Adequate Local Substance test, and the Directed and Managed test. Key Amendments to the

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Recent Amendments to the UAE VAT Executive Regulation

Latest News / Motei Admin

On 2 October 2024 the Federal Tax Authority (“FTA”) published the amended version of the Executive Regulation of Federal Decree-Law No. 8 of 2017 on Value Added Tax (“Executive Regulation”). The amendments are implemented following Cabinet Decision No. (100) of 2024 and are effective from 15 November 2024 and bring new VAT exemptions aimed at

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

Latest News / Motei Admin

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

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

Law Update: UAE Streamlines Travel Ban Lifting Process

Latest News / Motei Admin

The UAE Ministry of Justice has introduced a fully automated process for lifting travel bans, which will eliminate the need for paperwork or requests. As part of the “Zero Government Bureaucracy” initiative. The number of procedures has been reduced from nine to zero, the number of required attachments from one to zero, and the processing

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FTA Issues Guidance on the First Tax Period for Juridical Persons

Latest News / Motei Admin

The first financial year under the Commercial Companies Law may not necessarily be a 12- month period, but instead can be a period between 6 months and 18 months. Where the first tax period of such taxable person is not a 12-month period but a period between 6 months and 18 months, the taxable person

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Revamping Telemarketing: UAE Unveils Stricter Telemarketing Regulations

Latest News / Motei Admin

Summary of New Resolutions on Telemarketing Regulation The Ministry of Economy and the Telecommunications and Digital Government Regulatory Authority (TDRA) have enacted new resolutions to govern telemarketing practices via phone calls across the UAE. These regulations apply to all licensed entities, including those operating within free zones, and are designed to promote economic and social

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UAE Ministry of Finance Announces key Tax Amendments to Ministerial Decisions on Tax Groups, Participation, and Foreign Permanent Establishment Exemptions

UAE Introduces 15% Domestic Minimum Top-Up Tax for Multinationals

Ministerial Decision No. 261 of 2024: Key Updates on Unincorporated Partnerships, Foreign Partnerships, and Family Foundations

UAE Corporate Tax: “Tax Returns” Guide

Key Changes in UAE Economic Substance Regulations: Essential Updates for Businesses

Recent Amendments to the UAE VAT Executive Regulation

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

Law Update: UAE Streamlines Travel Ban Lifting Process

FTA Issues Guidance on the First Tax Period for Juridical Persons

Revamping Telemarketing: UAE Unveils Stricter Telemarketing Regulations

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