TheUAE announcedthe Federal Decree-Law No. 47 of 2022 on taxation of corporations and businesses “Corporate Tax Law” effective for financial years starting on or after 1 June 2023. Sharing his opinion on the development, Vikas Panchal, General Manager – Middle East, Tally Solutions said, “This issuance is a significant milestone in the history of the country and a major boost for the national economy. The 0 percent threshold for taxable profits up to and including Dh 375,000 in recognition of the significant role that start-ups and small businesses play in…
Tag: federal
The issuance of the federal taxation decree will accelerate the UAE’s alignment with global community for taxes – Tally Solutions
The UAE announced the Federal Decree-Law No. 47 of 2022 on taxation of corporations and businesses “Corporate Tax Law” effective for financial years starting on or after 1 June 2023. Sharing his opinion on the development, Vikas Panchal, General Manager – Middle East, Tally Solutions said, “This issuance is a significant milestone in the history of the country and a major boost for the national economy. The 0 percent threshold for taxable profits up to and including Dh 375,000 in recognition of the significant role that start-ups and small businesses…
The issuance of the federal taxation decree will accelerate the UAE’s alignment with global community for taxes – Tally Solutions
The UAE announced the Federal Decree-Law No. 47 of 2022 on taxation of corporations and businesses “Corporate Tax Law” effective for financial years starting on or after 1 June 2023. Sharing his opinion on the development, Vikas Panchal, General Manager – Middle East, Tally Solutions said, “This issuance is a significant milestone in the history of the country and a major boost for the national economy. The 0 percent threshold for taxable profits up to and including Dh 375,000 in recognition of the significant role that start-ups and small businesses…
In a first, Bharat Billpay & Federal Bank partner with LuLu Financial Group to enable direct utility bill payment for NRIs
Dubai, United Arab Emirates — In a major boost towards strengthening the scope of cross-border remittances into India, the much-awaited Bharat Bill Payment System (BBPS) has been activated for Indian expats living in the GCC region. Federal Bank, one of India’s leading private sector banks, launched this facility in association with Bharat BillPay Limited (NBBL) – the wholly owned subsidiary of National Payments Corporation of India (NPCI), and Lulu Financial Group, at the Global FinTech Festival held in Mumbai earlier this week. This arrangement – considered a long-pending ask of…
GardaWorld Federal Services-Transguard Group UAE Secure Contract for US Embassy and Consulate
DUBAI, United Arab Emirates — Business solutions provider Transguard Group and security solutions provider GardaWorld Federal Services announced today that its joint venture, GardaWorld-Transguard Group UAE, has been awarded the security contracts for both the United States Embassy in Abu Dhabi and its Consulate in Dubai. “Transguard has long set the standard for security in the UAE and the region, and to secure these contracts with the American government speaks to the incredible professionalism of our security team,” says Dr. Greg Ward, Managing Director, Transguard Group. Mobilisation of the contract…