The Federal Tax Authority’s (FTA) recent guide on determining taxable income provides valuable insights for businesses operating in the UAE.
tax
Will Union Budget bring more good news for NPS subscribers?
21 Jul 2024Tax
The NPS is a government-backed retirement savings scheme. The scheme allows individuals to contribute towards their retirement throughout their working life. NPS was launched in…
Income Tax Union Budget 2024-25 Expectations LIVE: Will Budget 2024 tweak capital gains tax to reduce burden from the taxpayers?
22 Jul 2024Tax
Investors are expecting some good relief in the Budget 2024 as far as taxation of capital gains is concerned. They are of the view that…
Budget 2024: Key Expectations From Transfer Pricing (TP) Perspective Amidst The Economic Vision of Govt
20 Jul 2024Tax
The Annual Budget 2024 will be presented in the Monsoon Session of Parliament. The Annual Budget 2024 is expected to build upon the principles of…
Significant Changes in Capital Gains Tax and Buyback Rules
25 Jul 2024Tax
Nishit Parikh highlights the crucial updates from revamping the capital gains tax regime as mentioned in the Union Budget 2024. He acknowledges the government’s sincere…
Budget 2024: Key Expectations From Transfer Pricing (TP) Perspective Amidst The Economic Vision of Govt
20 Jul 2024Tax
The Annual Budget 2024 will be presented in the Monsoon Session of Parliament. The Annual Budget 2024 is expected to build upon the principles of…
Budget 2024: Higher standard deduction, tax bracket adjustment on cards for salaried class?
10 Jul 2024Tax
Considering the fact that for the last many years, the cap on deductions has remained unchanged and are very meagre amounts, the amount of deductions…
Will Budget 2024 tweak capital gains tax to reduce burden from the taxpayers?
22 Jul 2024Tax
Investors are expecting some good relief in the Budget 2024 as far as taxation of capital gains is concerned. They are of the view that…
Key takeaways from Ministerial Decision on Participation Exemption
26 May 2023Tax
As per Article 23, specified income from participating interest is exempt from Corporate Tax in UAE (CT). As per Clause 2 of the said Article,…