#Ministry of Finance
Under Cabinet Decision No (75) of 2023, penalties will be imposed on taxable persons who do not comply with the UAE corporate tax law effective from August 1
The UAE government has signed an agreement with nine local companies to operate and fund the unemployment insurance scheme
According to the ministry, the three new decisions aim to enhance the flexibility of UAE’s corporate tax regime and ensure a supportive business environment for all sectors
The programme will feature a series of sessions to raise awareness of the corporate tax law amongst the business community and its implications for the national economy
The new five-year T-Bonds will contribute to strengthen the local debt capital market and build the UAE dirham-denominated yield curve
Public spending included Dhs28.7bn spent on employee compensation payments compared to Dhs24.6bn in the same reporting period in 2021
The bonds will be issued with a 10-year tranche and a 30-year Formosa tranche
Bonds amounting to Dhs750m will be offered for a two-year tranche, and Dhs750m for a three years tranche
The inaugural issuance was 6.3 times oversubscribed
The UAE government levied a 5 per cent VAT on goods and services in January 2018
The proceeds of the loan are being used to purchase buses from Germany for the kingdom’s public transport network
The measures include a 50 per cent reduction in the fees to register suppliers