Tag: taxes

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…

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 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…