Clarity has been provided by the UAE Ministry of Finance on income generated by a UAE Free Zone Person that could be eligible for a 0% tax rate In brief Since the release of the UAE corporate tax law on 9 December 2022, UAE Free Zone Persons have been eagerly awaiting the release of the definition of ‘Qualifying Income’. The release of this information now enables UAE Free Zone Persons to determine if they are…
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Recent
In a much anticipated development, the UAE Securities and Commodities Authority (SCA) has recently issued Chairman of the…
In brief The Saudi Center for Commercial Arbitration (SCCA) opened its first office outside of Saudi Arabia in…
In brief The United Arab Emirates’ (“UAE”) federal-level financial services regulator relevant to securities, commodities and now Virtual…
In brief The scope of the UAE’s mandatory employee unemployment insurance scheme has been extended. Effective immediately, all…
In brief On 18 April 2023, the Dubai International Financial Centre (DIFC) launched a 30-day public consultation on…
In brief The Personal Data Protection Law (“PDPL”) of Saudi Arabia (“KSA”) was recently amended pursuant to Royal…