Insights

With the implementation of the UAE Corporate Tax, certain small businesses are eligible to apply for tax relief until the end of 2026.

The complexity of achieving compliance varies depending on the size and scope of an organisation, as well as the countries in which it operates. Each country has its own set of rules that are subject to frequent updates and vary significantly, and it’s management’s responsibility to ensure their companies are compliant in all their countries of operation.

Bitcoin has experienced a significant increase of nearly 160% since October, with 44% of the growth occurring in February alone, and its rate continues to set new records, surpassing the all-time high of $68,999.99 in November 2021. This surge comes in stark contrast to the previous year when the market faced an 18-month crypto winter marked by corporate bankruptcies and scandal.

In January 2022, the UAE Ministry of Finance announced plans to introduce a federal Corporate Tax (CT) on businesses' net profits. Thus, the UAE is pursuing the following goals: