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Mohammed bin Rashid issues Law to tax foreign banks in Dubai

The Brew News Team   Fri 08 Mar 2024    

Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has enacted Law No. (1) of 2024 to govern the taxation of foreign banks operating in Dubai. This law applies to all foreign […]

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How businesses are preparing for the Corporate Tax: Potential Changes and the steps

Guest View   Thu 24 Aug 2023    

Dubai: The UAE Corporate Tax (CT) regime was first announced by the Ministry of Finance on 31 January 2022, with a planned introduction date of 1 June 2023. As the first direct tax to be levied in the country, businesses […]

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5 things organisations should be mindful of before introducing UAE corporate income tax

Guest View   Wed 28 Sep 2022    

UAE: As per the announcement on 31 January 2022, a corporate tax is being introduced in UAE, effective from 1 June 2023. There have been lots of discussions, and debates around the expectations from the tax laws, and from the […]

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5 things organizations should be mindful of before the introduction of UAE corporate income tax

Guest View   Sat 17 Sep 2022    

As per the announcement on January 31, 2022, a corporate tax is being introduced in UAE, effective from 1 June 2023. There have been lots of discussions, and debates around the expectations from the tax laws, and from the taxpayers. […]

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Dubai implements a 25 fils tariff for single-use carry bags

Shaneer N. Siddiqui   Fri 01 Jul 2022    

Dubai: Dubai has begun its 25 fils tariff on plastic bags to encourage the use of reusable products. The charge that came into effect today is part of a wider initiative to protect the environment and reduce waste. This is […]

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Sharjah paid parking to be applicable all days of the week

Brew Admin   Fri 11 Feb 2022    

Sharjah has announced paid parking services in Sharjah’s Mamzar Corniche and Al Khan neighbourhoods. Sharjah Municipality shared this new tariff via their Instagram page that states that said parking spaces in Al Mamzar Corniche Street and Al Khan areas will […]

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