Failing to pay the due corporate tax for each month or part thereof shall be subject to a monthly penalty of 14% per annum.
UAE: Planning to import plants? How to obtain permits for agricultural shipments
Do you own a plant nursery in the UAE and want to import seeds or saplings to diversify your produce or expand your business? To do so, one must obtain authorisation from the country’s Ministry of …
Federal Tax Authority applies VAT refund of AED 2.9bln for 35,000 UAE Nationals for building new residences by the end of 2024
K retail outlets across the UAE now providing tax refunds for tourists with an 18 per cent increase in self-service tax refund systems recorded over the last year …
Sharjah Launches AI-Driven Smart Parking Services
Sharjah Municipality has rolled out an advanced AI-powered parking system across the city, making parking more convenient and efficient for residents and visitors.AI for Seamless ParkingThe new system …
Arunachal’s Techi Sonu Selected For Sharjah 2025 International Para Athletics Championship
In a historic achievement for Arunachal Pradesh, para-athlete Techi Sonu has been selected by the Paralympic Committee of India (PCI) to represent India at the prestigious Sharjah 2025 International …
‘Side hustles’ in Dubai: The do’s and don’ts of owning a business while working as a full-time employee
In Dubai, anyone looking to engage in economic activity, whether as a full-time employee or otherwise, must obtain the necessary licenses from the relevant authorities …
Done in by one law he couldn’t dodge
Around midday on Feb 2 last year, a large wave began its slow rumble toward the Aisland 1, an 800-ton deck barge floating between the United Arab Emirates and Iran.
Ed Miliband excited to visit new offshore energy facility
Ed Miliband visits Associated British Ports’ (ABP) new offshore energy facility located in Lowestoft in Suffolk. Miliband laughs excitedly as he boards the £35 million facility and is greeted by crew, …
UAE Customs completes 40mln transactions in 2024
Achievements of “UAE Customs” in the field of customs seizures reflect its vital role in maintaining community security …
UAE Fintech Startup Pluto Raises $4.1m To Advance AI-based Platform
Pluto, the United Arab Emirates’ corporate card and expense management platform, announced that it has secured $4.1 million in a pre-Series A funding round.
PIA Air Hostess Caught Smuggling Expensive Phones On Flight From Abu Dhabi
A Pakistan International Airlines (PIA) air hostess was arrested at Lahore airport for allegedly smuggling expensive mobile phones.
Emirates NBD Partners with Dubai FinTech Summit
The Dubai FinTech Summit, a key event in the financial technology calendar, is set to provide a platform for industry leaders, professionals, and innovators to exchange insights and explore …
Sharjah Entrepreneurship Festival to bring together world’s most innovative entrepreneurs, thought leaders
In a celebration of global brilliance, this year’s Sharjah Entrepreneurship Festival (SEF) will bring together the world’s most innovative entrepreneurs and thought leaders. Among the globally …
UAE issues $790m VAT-refunds for citizens
The UAE has granted $790m in tax refunds for nationals building new homes, and also shared details of VAT waivers for tourists.
Qatar Bolsters Safety of Offshore Assets with Vissim’s Monitoring System
Norwegian technology company Vissim has been hired to deliver a Centralized Vessel Monitoring and Alerting System (CVMAS) to …
Clear weather and drizzles expected for three days across UAE
Rains are expected to fall on Monday, Tuesday and Thursday, according to the National Centre of Meteorology (NCM). Monday’s weather will be clear to …
FTA applies VAT refund of AED2.9 billion for 35,000 UAE Nationals
The Federal Tax Authority (FTA) has confirmed that its digital VAT refund systems, including the VAT-refund system for UAE nationals for the construction of new residences and the VAT-refund system …