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[ad_1] Abu Dhabi: The Ministry of Finance has announced a new UAE Cabinet decision relating to ‘qualifying public benefit entities’, whereby Public benefit entities are exempted from the corporate tax. It’s noteworthy that the Corporate Tax Law provides the legislative basis for the introduction and implementation of a Federal Corporate Tax in the UAE and…
[ad_1] Representative Image Abu Dhabi: The United Arab Emirates (UAE) has announced that certain businesses are exempt from registering for corporate tax that will be introduced in June this year, the Emirates News Agency (WAM) reported. The Ministry of Finance has issued Ministerial Decision No. 43 of 2023 on the exception from tax registration on Monday,…
[ad_1] New Delhi: Maturities of life insurance policies with an annual premium of Rs 5 lakh and above taken after April 2023 will now be taxed after Finance Minister Nirmala Sitharaman removed the tax exemptions on them. For better targeting of tax concessions and exemptions, Sitharaman in her Budget on Wednesday proposed to cap deduction…