Blog – N R Doshi & Partners

Understanding UAE’s new conditions for Corporate Tax Law and Qualifying Investment Funds

Key conditions in UAE for Qualifying Investment Funds To qualify as an investment fund under the Corporate Tax Law in the UAE, certain conditions must be met:  Conditions to exempt from Corporate Tax under Investment Funds In accordance with UAE Corporate Tax Law, additional conditions are established through a Cabinet decision. In compliance with the specified requirements, the Ministry of…

Ministerial Decision No. 247 of 2023 On Issuance of Tax Residency Certificate for the Purposes of International Agreements 

The UAE Ministry of Finance has published ministerial decision no. 247 of 16 October 2023 on the issuance of tax residency certificates for international agreements with people. The decision of the ministry is present in the following:  1. For Article 6 international agreements for cabinet decision no. 85 of 2022, a person who meets the conditions of tax residency in…

Issuance of Ministerial Decision No.262 on criteria of Electronic Device Components

On October 25, 2023, with effect from October 30, 2023, the UAE Federal Tax Authority (FTA) introduced Ministerial Decision No. 262 of 2023, outlining the “Criteria for Identifying Components and Elements of Electronic Devices. What is Ministerial Decision 262 in the UAE? The definitions outlined in Federal-Decree Law No. 8 of 2017 and Cabinet Decision No. 91 of 2023 shall…

Vouchers and VAT implication in UAE

Vouchers have become indispensable across a multitude of industries. It offers customers diverse opportunities to access products, services, or discounts. The implementation of the Value Added Tax decree law, as amended, and the cabinet decisions related to the executive regulations of the federal decree law on value-added tax, as amended, have prompted businesses to thoroughly assess their operations. This article…

Elevate Your Financial Strategy: New UAE Corporate Tax & Currency Conversion Guidelines

In a major development for businesses in the UAE, new regulations have been implemented that will affect the conversion of foreign currencies into local currency when calculating corporate tax. These regulations are part of the country’s ongoing effort to increase transparency and simplify tax processes, making it essential for companies to remain informed and adjust to the ever-evolving regulatory environment.…

Cabinet Decision No. 91 of 2023 on Electronic Devices among Registrants in the State for the purposes of Value Added Tax

Overview Recently, the UAE’s Federal Tax Authority (FTA) introduced Cabinet Decision No. 91 of 2023, published in the Official Gazette on 25th August 2023, which will be enforced 60 days from its publication date. Defining Electronic Devices Firstly, it’s crucial to define what this decision pertains to Electronic Devices, as outlined in the decision, encompassing a range of products including…

Start typing to search

Shopping Cart
Translate »