Which Individuals Can Apply for A Tax Refund in Specific Cases? Article 22 of the Cabinet Decision No. 37/2017 outlines four categories of persons eligible for a tax refund in special cases: Foreign Governments, International Organizations, Authorities, or Diplomatic Missions: Those who have paid tax on excise goods accessed for official use only. Eligibility extends … Continue Reading
The UAE government introduced the excise tax in 2017 as part of its efforts to diversify its revenue sources and discourage the consumption of goods that are harmful to human health or the environment. The excise tax in UAE is an indirect tax that applies to different categories of products/goods, for instance, electronic devices for … Continue Reading
The UAE implemented an Excise Tax on specific goods detrimental to health since October 1, 2017, targeting items like energy drinks, tobacco, and certain electronic smoking products. The goal is to promote a healthier society, reduce health-related costs, and boost government revenue. This tax affects both businesses and consumers, as businesses must comply with applicable … Continue Reading
non-resident person registers to corporate taxThe federal decree law no. 47 of 2022, also known as the corporate tax law, was issued on Oct 10, 2022, to implement a federal-level tax on business profits in the UAE. All businesses falling within the definition of taxable persons for corporate tax purposes are obligated to fulfill their … Continue Reading
Signing a Double Tax Treaty (DTT), the UAE and Chile aim to eliminate dual taxation and enhance economic cooperation. Covering different forms of income and capital gains, the Double Tax Treaty presents reduced withholding tax rates specifically on dividends, interest, and royalties. Inclusive clauses covering the exchange of information, mutual agreement procedure, and non-discrimination are … Continue Reading
Value Added Tax (VAT) was implemented in the United Arab Emirates (UAE), which represented a substantial change in the country’s financial policies. The introduction of the consumption tax has resulted in some new laws and compliance requirements for businesses operating in the UAE. The VAT late payment penalty is one of the most important aspects … Continue Reading