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FinMin issues VAT amendments to encourage investments
Wealth management and some virtual assets services will get a VAT exemption
New cold call regulations come into effect
Plus: Corporate tax revenues in 1H 2024 came in at AED 15.4 bn
Takaful industry set to grow this year + oil markets could turn to a surplus in 4Q 2024
Plus: Enec could supply the Philippines with nuclear power
Competition for the world’s uber-wealthy is heating up as European parties clamp down on tax benefits
A record 128k mn’aires are forecast to relocate this year
Kuwait’s Menzies Aviation eyes “aggressive” expansion in UAE + Saudi Arabia
ALSO- Abu Dhabi to implement a centralized system to track stack emissions
US inflation slips in May, boosting hopes of more rate cuts this year despite policymakers signaling one rate cut
Plus: Is Saudi Arabia mulling changes to its capital markets tax regime?
UAE president encourages Arab-Chinese cooperation in Beijing + dual tax agreement with Qatar
PLUS: UAE, Qatar sign pact to prevent double taxation
Top US official voices opposition to global wealth tax
US Treasury Secretary Janet Yellen said that the US will not back a proposal to tax the annual wealth of…
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