INSIGHTS
On November 6, 2023, the UAE government introduced key updates to the Executive Regulation of the Federal Decree-Law No. 7 of 2017 on Excise Tax, with Cabinet Decision No. 108. These updates significantly affect the responsibilities of Warehouse Keepers operating in Designated Zones, particularly with regards to the protocols for
In the realm of taxation, particularly with the implementation of Value Added Tax (VAT), understanding the nuances of applicable regulations is crucial for businesses and institutions alike. The recent Cabinet Decision No. 100 of 2024, which outlines Article 40 of the Executive Regulation of the Federal Decree-Law No. 8 of
Insights from Cabinet Decision No. 39 of 2019 In the evolving landscape of tax regulations, understanding the nuances of tax exemptions is critical for businesses and individuals alike. Cabinet Decision No. 39 of 2019, aligned with the Executive Regulations of the Income Tax Law, provides essential clarifications on the scope
In Part 2, we continue our exploration of Article 15 of Cabinet Decision No. 108 of 2023, focusing on the specifics conditions of transferring excise goods between Designated Zones and the procedural safeguards that ensure regulatory compliance. Excise Goods Transfers between Designated Zones The UAE’s Executive Regulation emphasizes that excise
In 2009, Oman enacted Royal Decree No. 28/2009, which introduced the Income Tax Law and established a framework for taxpayer obligations in the Sultanate. As businesses and individuals engage with the Omani tax system, understanding these obligations becomes critical for compliance and the successful management of tax-related activities. This article
The Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT) in the UAE has undergone significant clarifications and updates, particularly with the introduction of Cabinet Decision No. 100 of 2024. This recent decision specifically addresses the zero-rating of goods and services related to means of transport, as outlined
On May 6th, 2024, the Federal Tax Authority (FTA) of the United Arab Emirates (UAE) published a comprehensive corporate tax guide focused on the tax treatment for investment funds, investors, and investments with the assistance of investment managers. This guide aims to clarify the intricacies of the UAE’s Corporate Tax
The Cabinet Decision No. 108 of 2023, issued on November 6, 2023, outlines the Executive Regulation of the Federal Decree-Law No. 7 of 2017 on Excise Tax. One of the central highlights of this regulation is Article 16, which delves into the criteria and requirements for deducting excise tax in
The Value Added Tax (VAT) landscape has evolved significantly, particularly with the issuance of the Executive Regulations No. 53/2021. This regulation provides clarity on the place of supply of various services, a crucial aspect for businesses operating under VAT in the UAE. This article will delve into Chapter Three, Section
Royal Decree No. 28/2009, which promulgates the Income Tax Law in Oman, establishes a clear framework for taxation within the country. One of the key elements of this law is the definition and responsibilities of the principal officer of an establishment, Omani company, or permanent establishment. Understanding this role is
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