Analytics and brochures

The cash method of accounting in UAE corporate taxation

Article (20)(5)(a) of the Corporate Tax Law authorizes the MoF to ‘prescribe … the circumstances and conditions under which a Person may prepare financial statements using the cash basis of accounting’. On May 9, 2023 the...

Adjustments of accounting profit in the UAE

The UAE Corporate Tax Law does not provide for separate tax accounting. The initial basis for calculating the corporate tax base is the financial statements, i.e. accounting data. This data is subject to adjustment in cases where the accounting...

The law on the “linear amnesty” has come into force

The law on the “linear amnesty” has come into force. The Law was adopted in pursuance of the Russian President's instruction No. Pr-1842 dated 12 November 2020 to develop mechanisms for the registration of rights to infrastructure lines...

A draft law is being prepared to introduce new and increasing current fines for non-compliance with requirements in the field of personal data protection

Senators Andrey Turchak and Irina Rukavishnikova, and deputy Alexander Hinstein have submitted a draft law to the Russian Government for review. The draft law proposes new administrative fines for operators failing to comply with the requirements...

The Russian Ministry of Justice has supported the concept of a draft law introducing new, and also increasing current, fines for non-compliance with requirements in the field of personal data protection

The Russian Ministry of Justice has drafted an official review of the Russian Government with respect to the draft of the federal law “On amending the Russian Code of Administrative Offences” submitted to the State Duma by Russian senators...

Tax reclassification of advertising and marketing services provided in favour of foreign companies

The practice of conducting tax audits aimed at reclassifying advertising and marketing services provided to foreign companies has spread.

The criteria have been set for structures and constructions to be classed as facilities of auxiliary use

On 1 September 2023, the Russian Government’s Resolution entered into force concerning the criteria for structures and constructions to be classed as facilities of auxiliary use.

Requirements have been established for the architectural and urban look of a capital construction facility and the rules for approving it

The Russian Government has adopted a Resolutionwith requirements for an architectural and urban look of a capital construction facility and the rules for approving it.

A new remedy in tax disputes in the UAE: a review of an assessment

The institute of a tax assessment review has been launched by Art. 28(1) of the new Law on Tax Procedures, i.e. it is applicable from March 1, 2023. It has added an optional tier, a new opportunity to have a tax assessment dismissed or decreased....