Blog – N R Doshi & Partners

UAE VAT Public Clarification by Federal Tax Authority VATP038 on Manpower vs Visa Facilitation Services

On May 31, 2024, the Federal Tax Authority released a much-awaited public clarification with instructions regarding the taxability of services related to facilitating visas and personnel supply. This clarification guides the distinction between services for facilitating visas and workforce supply. According to the clarification, companies are facing tough challenges in determining the nature of supply and the value of these…

UAE’s FTA Gives Further Clarification for Registration Timelines for Taxable Corporates

The Federal Tax Authority (FTA), has released a Public Clarification regarding the Registration Timelines for Taxable Persons for Corporate Tax. This clarification aims to provide further explanation and clarification on the deadlines available for the various categories of Taxable Persons subject to Corporate Tax and encourages them to submit their Tax Registration application promptly. According to the FTA, the provision…

FTA Announces New VAT Guidance for BOD Members

On May 13, 2024, the Federal Tax Authority (FTA) of the United Arab Emirates (UAE) revoked the previously issued Public Clarification VATP031. It was replaced with VATP037, which addresses the VAT requirements for natural persons serving as directors on boards of directors. The newly released Public Clarification introduces significant modifications to Cabinet Decision No. 52 of 2017 on the Executive…

Dubai Plans to Set Up a Judicial Body to Resolve Jurisdictional Conflicts in UAE

Introduction The Vice President and Ruler of Dubai, Sheikh Mohammed Bin Rashid, has signed a decree that will replace the previous tribunal with a whole new team with a broader mandate. Moreover, Dubai, with this new authority team, will resolve all the jurisdictional conflicts happening between Dubai International Financial Centre (DIFC) Courts and domestic courts. All previous laws that may…

Complete Overview of Recent DIFC Employment Law Amendment

Introduction DIFC employment law recently introduced some changes under DIFC Law No. 1 of 2024, passed on March 1, and will go into effect on March 8, 2024 (the “Amendment Law”). This law includes, among other things, changes to the contributions that must be paid to Qualifying Schemes (DEWS or not) and the implementation of end-of-service gratuity accrual for sanctioned…

A Comprehensive Insights into Banking in UAE

The banking system in the UAE is known for innovation with digital services, adherence to taxation and other financial regulatory frameworks, and stability. Banking in UAE combines traditional banking services with functions of modern digital banking solutions to meet customer’s diverse needs. In addition, the banking sector in UAE supports the country’s economic growth and development. Banks offer financing assistance…

Overview of New Federal PPP Law- A Boost to the UAE Economy

UAE’s Ministry of Finance took an essential step by introducing Federal Decree-Law No 12 of 2023, effective December 1. The new legislation regulates Public-Private Partnerships (PPPs) and further focuses on private-sector investment in federal government projects. Let us get into the insight of the new Federal PPP law: Abu Dhabi and Dubai, which are parts of the Emirates, have their…

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