Analytics and brochures

The FTA has just released a Corporate Tax Guide on Small Business Relief for taxpayers with Revenue of less than or equal to AED 3,000,000 (approx. USD 800,000).

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 of Federal Law No. 152-FZ “On personal data” dated 27 July 2006 (“152-FZ”). In addition, the draft law provides for an increase of current fines for non-compliance with the requirements for the processing of personal data.

Adopted and planned changes in the regulation of tax monitoring.

A distribution company (‘Distribution Co’) is incorporated in a free zone in the UAE. This zone is not included in the list of the designated zones. However, Distribution Co buys products and orders services from third parties to transport and store them in a UAE designated zone, and then distributes to the UAE mainland or abroad arranging delivery to the buyers (customers). Does this activity qualify for 0% Corporate Income Tax (CIT)?