Loading...

Analytics and brochures

This month’s theme is the Domestic Minimum Top-Tax in the UAE, effective for financial years starting on or after 1 January 2025.

The functionality has been expanded of the register of compulsory requirements for business; amendments have been developed with a view to fighting cybercrime; it has been proposed that unlabelled products which have been confiscated be channelled for humanitarian purposes.

The procedure has been specified for funds to be transferred from type ‘C’ accounts if a bank goes bankrupt; fines can be multiplied for violating the requirements for protecting restricted information.
Updates have been made to the procedure for issuing permissions to purchase foreign goods; the sale of an interest in an LLC may be simplified; adjustments are proposed to the rules for controlling the processing of PD.
The specifics of state control have been set out in greater detail; fines can be increased for economic crimes and failure to submit information regarding transactions.
It is the first tax digest of 2025. This edition highlights the most significant updates in UAE and international tax legislation that closed out 2024 and sets the stage for the year ahead.