Law which deals with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable to taxation.
The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) has recently issued comprehensive guidance on the tax group regulations outlined in the Corporate Tax Law (CTL). These regulations are applicable for financial periods starting on or after June 1, 2023. The guidance delves into various aspects of the tax group rules, including formation, termination, taxable income computation, and compliance obligations.
The CDI plans to eliminate double taxation in terms of taxes on income and wealth using the tax credit method, that is, allowing the refund in the country of residence of the taxpayer (under certain conditions) of the taxes paid in the other country.
The Ministry of Finance has recently approved three new information statements in relation to virtual currencies. These are models 172, 173 and 721.
The informative statements, forms 172 and 173, refer to the balances and operations carried out with virtual currencies (commonly called cryptocurrencies) by natural and legal persons.
The Federal Court’s judgment confirms that crypto assets can be captured under existing financial services laws. Operators in the crypto industry should take note and utilise this opportunity to review their existing (and planned) operations
The Labor Directorate reiterated the inadmissibility of establishing a system of remuneration incentives that makes obtaining the benefit or remuneration depend on the fact that the worker does not use medical leave or does not use the holiday.
In what has been a saga of losses in pursuit of gold, the latest Administrative Appeals Tribunal case of HNMF v Commissioner of Taxation has seen the Commissioner again face defeat, this time in respect of the anti-avoidance provisions in the GST Act.
On January 12, 2024, the Financial Market Commission (CMF) issued General Standard No. 502 which provides instructions on the provision of technology-based services regulated by the FinTech Law.
The reimbursement to a Swiss company by a Luxembourg company of the entire dividends received from a French company does not exclude the status of the beneficial owner and the exemption of the French witholding tax.