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The Federal Tax Authority Starts Accepting Requests for Clarification on Corporate Tax Registration
- 1 August 2023
- Posted by: Liza
- Category: Franchising
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According to the UAE Federal Decree-Law No. 47 of 2022 on taxation of corporations and businesses (the “Corporate Tax Law”), businesses will become subject to UAE Corporate Tax from the beginning of their first financial year that starts on or after 1 June 2023.
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Ministry of Finance Announces Series of Decisions on Tax Procedures and Penalties
- 1 August 2023
- Posted by: Liza
- Category: Finance & accounting
The Ministry of Finance has recently announced a series of decisions, including Decision number 74 of 2023, concerning the executive regulations of the Federal Law number 28 of 2022 on tax procedures, as well as Decision number 75 of 2023, about the administrative penalties for violations related to the application of the Corporate Tax Law.