Introduction Cabinet Resolution No. (58) of 2020 regulating Beneficial Owner Procedures (the “Resolution”) took effect on August 28, 2020, and replaced Cabinet Resolution No. 34 of 2020 issued earlier. The Resolution covers the
Registration for VAT Only VAT registered businesses will need to charge and account for VAT. Mandatory Registration: A business must register for VAT if the taxable supplies and imports exceed the mandatory registration
INTRODUCTION Pursuant to the issue of Cabinet Decision No. 57 of 2020 concerning Economic Substance Requirements and Ministerial Decision No. 100 of 2020, the Ministry of Finance (MoF) has released the ESR Notification
The Federal Tax Authority (FTA) has launched registration for Corporate Tax through the EmaraTax digital tax services platform for – Public Joint Stock Companies and Private Companies in line with Federal Decree-Law No.