by girish | Oct 20, 2024 | Media & Article
he Institute of Chartered Accountants of India (Dubai) Chapter NPIO has appointed a new managing committee for 2019-20, led by its new chairman, Anish Mehta. The other appointments were Sundar Nurani as vice-chairman, Anurag Chaturvedi as secretary and Harikishan...
by girish | Oct 20, 2024 | Media & Article
The UAE’s corporate sector has geared up their efforts to comply nine per cent corporate tax that will be effective in June 2023, however majority of the businesses are not yet ready to keep their accounting and auditing process up to date, experts say. The proposed...
by girish | Oct 20, 2024 | Media & Article
A group of six professional entrepreneurs across the UAE and India, who have invested in more than 75 start-ups and helped businesses raise $500 million worth of capital, have joined hands to launch a fintech platform called Funding Possibilities, that will connect...
by girish | Oct 20, 2024 | Media & Article
Investment funds (IFs) are commonly organised as limited partnerships (as opposed to corporate entities) to ensure tax neutrality for their investors. This puts investors in the fund in a similar tax position as if they had invested directly in the underlying assets...
by girish | Oct 20, 2024 | Media & Article
Generally all free zone entities will be taxed at nine per cent over and above profits of Dh375,000. However, if the free zone person is a qualifying free zone person earning qualifying income and is satisfying the conditions of De Minimis then the free zone person...
by girish | Oct 20, 2024 | Media & Article
The UAE’s corporate tax landscape is undergoing a significant transformation through the introduction of tax groups, governed by the Corporate Tax Act and Ministerial Decision No. 125 of 2023. This “business friendly” provision enables related group companies to...
