UAE has announced new rules when it comes to tax on individuals. UAE tax: Corporate Tax begins on June 1, rules clarified. business tax uae, corporate tax, tax news, uae income tax, uae news, uae tax.
UAE bank investments at all-time-high of $147.41bln in February
ABU DHABI – Bank investments in UAE hit AED541 billion by the end of February, the highest level in the country’s history, a report by the Central Bank of the United Arab Emirates revealed. The report …
UAE bank investments at all-time-high of AED541 billion in February
Bank investments in UAE hit AED541 billion by the end of February, the highest level in the country’s history, a report by the Central Bank of the United Arab Emirates revealed. The report, issued …
Dubai records over AED1.7 bn in realty transactions Thursday
Dubai real estate market recorded 451 sales transactions worth AED1.48 billion, in addition to 110 mortgage deals of AED245.8 million, and 13 gift deals amounting to AED46.2 million on Thursday, data …
Islamic finance set to grow another 10% this year
The global Islamic finance industry is expected to continue its growth trend of around 10% in 2023, which is similar to the 9.4% asset growth seen in 2022 and driven by core markets in Gulf …
UAE participates in the Annual Meeting of the Board of Governors of the European Bank for Reconstruction and Development
United Arab Emirates: The UAE, represented by the Ministry of Finance (MoF), participated in the 2023 Annual Meeting of the Board of Governors of the European Bank for Reconstruction and Development …
Deposits in Dubai banks hits record high of $272b
Dubai banks breach 1 trillion dirhams barrier for first timeALBAWABA – Data issued by the Central Bank of the United Arab Emirates (UAE) Wednesday showed that deposits in Dubai banks struck a new …
Now Money aims to bridge financial inclusion gap for low-income UAE workers, co-founder says
Money’s digital banking solution empowers low-income earners in the UAE, bridging the financial inclusion gap Now Money aims to bridge financial inclusion gap for low-income UAE workers, co-founder …
UAE reveals major tax rule update for residents
The updates on the UAE corporate tax rules are expected to provide significant support to small businesses and start-ups. UAE reveals major tax rule update for residents. Corporate Tax, Tax, UAE.
Dubai real estate sales fall for first time in 2023: Report
The dip in Dubai’s real estate market is a “common trend” that is seen during the holidays Dubai real estate sales fall for first time in 2023: Report Dubai, Dubai real estate market, Real Estate, UAE …
Hedge fund trader Sanjay Shah loses appeal over order to pay $1bn in tax
Sanjay Shah, a hedge fund trader accused of masterminding a massive tax fraud, lost an appeal at a Dubai court.
UAE corporate tax: Ministry issues decision on exemptions
The UAE said the decision aims to clarify the application of the corporate tax regime for individuals and only business income is taxed …
UAE Islamic banks supported by favourable operating conditions
High oil prices and solid economic conditions will continue to support UAE Islamic banks’ credit fundamentals in 2023 …
UAE: Are interest-only home loans risky? What to know before opting for them
Image Credit: Shutterstock Dubai: Even though they are not as common as traditional … Also, it may not be easy to qualify as you will need to prove to the bank your repayment capability.” Markara …
The Debt Panel: ‘I left the UAE without paying off my credit card’
I worked in the UAE for about 10 years until 2011. I then lost my job and returned to my home country in the same year. I had a credit card from a local bank and when I left the Emirates, I owed a …
UAE announces key tax rule update for resident, non-resident entrepreneurs
The Ministry of Finance has increased the tax threshold for business or business activities conducted by individuals …
Hedge Fund Trader Sanjay Shah Loses Appeal Over Order to Pay $1 Billion in Tax
Sanjay Shah, a hedge-fund trader accused of masterminding a massive tax fraud, lost an appeal at a Dubai court over an order to pay the Danish authorities more than 8.5 billion krone ($1.24 billion).