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THIS MORNING: Unincorporated partnerships can now be subject to corporate tax + Banks start adopting new AED symbol
Plus: IRH taps EPointZero for decarbonization
New rules for legal, tax, and CSP firms at ADGM
Public comments for the consultation paper are open until 15 June
Corporate tax relief for foreign holdings
A new cabinet decision extends corporate tax exemptions previously limited to UAE-based firms to foreign entities
DMCC launches SPV and Holding Company licenses
The new licenses allow companies to manage assets, hold investments, and oversee regional operations without needing a physical office or…
THIS MORNING: GCC-US summit in Saudi Arabia next week? + Fed kicks off interest rate meeting today
Plus: Wall Street analysts slash Brent crude forecast following Opec’s decision to hike supply
FinMin issues requirements for audited financial statements for corporate taxpayers
The 9% business tax was introduced by the Finance Ministry back in June 2023
THIS MORNING: Etihad Airways “ready” for an IPO but does not need the cash, CEO says + Adia eyes sale of 50% stake in IFCO
Plus: UAE, Saudi Arabia in talks with Korean arms contractor
THIS MORNING: Dubai Investments to IPO one subsidiary a year + MoF adopts OECD guidance for minimum top-up tax
Plus: Biometric IDs coming this year?
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