Under the provisions of the UAE corporate tax law, a taxable individual can qualify for certain deductions on their income during a given tax period, subject to compliance with the stipulated requirements as outlined by the Authority. A deduction, in this context, refers to an…
Article 60 of the UAE Corporate Tax Law governs the assessment of corporate tax and the associated penalties. Staying informed about updates and amendments is crucial, given the evolving nature of decree laws issued by the Federal Tax Authority. Corporate Tax Assessment in Accordance with…
In the realm of e-Invoicing in Saudi Arabia, we encounter two distinct phases: Phase 1, the generation phase, and Phase 2, the integration phase. As mandated by the Authority for the implementation of Phase 2, taxpayers subject to e-invoicing regulations must execute integration between the…
The Ministry of Finance in the UAE is responsible for managing and developing the financial resources of the federal government. This mission is achieved through the implementation of fiscal policies and by fostering local and international relations. These efforts aim to ensure the development, integrity,…