Newsletter Archives - Page 103 of 244 - LexisNexis Middle East

UAE: New Freelance Work Permits for ‘All Skill Levels’ to be Introduced

16/03/202316/03/2023
by Benjamin Filaferro

The UAE plans to introduce a flexible work permit by the third quarter of 2023, enabling individuals of all skill levels to take up freelance jobs either in the country or from anywhere in the world.

The Minister of Human Resources and Emiratisation confirmed the new permit aims to support all types of remote and flexible work and expects it to create up to 24,000 jobs by 2024.

The permit would allow employees to work for themselves, enhancing productivity in the workforce while allowing businesses to attract a more diverse pool of talent.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Get Ready to Level Up Your Tax Game with the Exciting New Spring 2023 Edition of Lexis® Middle East Gulf Tax!

15/03/202315/03/2023
by Benjamin Filaferro

We’re thrilled to announce the latest edition of Lexis® Middle East Gulf Tax, the very first of its kind in the GCC! Our complimentary magazine offers insightful updates on the latest tax and financial developments across the GCC region.

In this edition:

Points of Law: What do we know now about how the new UAE Corporate Income Tax regime will operate?

Nearly one year after the UAE first announced its intention to introduce corporate income tax, the Federal Decree-Law No. 47/2022 On the Taxation of Corporations and Businesses has been published. Thomas Vanhee from Aurifer Middle East Tax provides an explanation of what we can expect from the new tax system.

The more the merrier? What are the advantages and disadvantages of creating a tax group in the UAE Corporate Income Tax context?

The UAE’s Federal Decree-Law No. 47/2022 On the Taxation of Corporations and Businesses permits UAE companies to establish tax groups. Laurent Bertin, Regional Head of Tax at Airbus Africa and Middle East, clarifies that this can simplify tax management, but it’s crucial to have a thorough understanding of tax groups as they are complex mechanisms.

Tax News Round-Up

Stay informed about the latest updates in tax treaties and regulations throughout the region. This includes a regulatory round-up of recent changes and information on tax treaties.

Practical Focus on Tax residency in the UAE

Zain Satardien of Hourani & Partners in Dubai discusses the importance of Cabinet Decision No. 85/2022 on Tax Domicile in the UAE, which clarifies the criteria for tax residency for individuals and legal entities in the country. Zain’s Practice Note covers rules for determining tax residency, corporate taxability, and the FTA’s authority to request information.

Tax Professional Profile: Working Where Tax Is New

Laurent Bertin, Regional Head of Tax at Airbus Africa and Middle East, elaborates on the difficulties of operating in jurisdictions where the tax landscape is still developing.

Practitioner Perspective on Significant UAE VAT Law Changes

Tyne Hugo and John Peacock of BSA Ahmad Bin Hezeem & Associates summarise recent changes to the UAE VAT Law, including new definitions, a provision for more flexibility, clarification on tax invoices, and changes to tax audits. They also mention a temporary amendment to the definition of “Goods” and administrative changes impacting UAE VAT payers, such as the new Emara-Tax system.

Do They Have Income Tax in Oman?

Shiraz Khan of Al Tamimi & Company provides insight into the current status of Oman’s proposed implementation of Personal Income Tax (PIT).

Special thanks to Alchemy Search for supporting tax professionals by connecting businesses with talent across the GCC and beyond!

Want to receive future editions? Subscribe here!

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Lexis Middle East Gulf Tax_Spring 2023

Have you read the Lexis® Middle East Gulf Tax – 2022 editions? Click the links below to access and read these editions.

Lexis Middle East Gulf Tax | Winter 2022

Lexis-Middle-East-Gulf-Tax_| Autumn 2022

Lexis® Middle East Gulf Tax | Summer 2022

UAE: Public Prosecution Warns of Penalties Against Employees Who Leak Details of Investigations

09/03/202309/03/2023
by Benjamin Filaferro

Khaleej Times, 3 March 2023: The UAE’s Public Prosecution has warned disclosing information from legal cases is a crime punishable by stiff penalties.

In an advisory, the authority has reminded all details related to investigations and ensuing findings must be kept strictly confidential, and hefty penalties will be imposed on violators.

This applies to all those who may be privy to matters in court, including public prosecution staff, clerks, assistants, and experts.

The authority also stated evidence collection reports must be treated with the same confidentiality stipulated in a subclause of Article 67 of Federal Decree-Law No. 38/2022 On the Issuance of the Criminal Procedure Law.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Saudi Arabia: Health and Justice Ministries Sign Memorandum of Understanding

09/03/202309/03/2023
by Benjamin Filaferro

5 March 2023: According to the Saudi Press Agency, Saudi Arabia’s Health Ministry and Justice Ministry have signed a memorandum of understanding to implement reconciliation in cases related to medical errors and associated complaints, before they are referred to the judiciary.

This decision comes after the jurisdiction for considering medical mistake claims was transferred from the Health Ministry to the Justice Ministry.

The goal of the transfer is to improve patient safety and protect their rights.

This initiative also aligns with the establishment of the Patient Safety Centre and the expansion of insurance coverage for medical errors.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Qatar: Decision to Regulate Subsidized Construction Materials Suspended

09/03/202309/03/2023
by Benjamin Filaferro

Alqabas, 5 March 2023: Qatar’s Trade and Industry Minister has suspended the implementation of Qatar Ministerial Decision No. 30/2023, which regulates subsidized construction materials, for further examination.

According to sources, the decision has been suspended to review and make amendments which will protect the interests of nationals who benefit from the subsidized materials to construct their homes.

As a result, the mechanism for dispensing construction materials to nationals will remain the same as it was before the decision was made.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Oman: Draft Labour Law Referred to State Council by Majlis A’Shura

09/03/202309/03/2023
by Benjamin Filaferro

Muscat Daily, 1 March 2023: The Majlis A’Shura has referred the Draft Labour Law, which was proposed by the government, with amendments to Oman’s State Council.

This aims to complete the legislative cycle according to Article 49 of Oman Council of Oman Law.

During the session, the shura discussed the report of the draft law which contained amendments and additions to some articles to ensure workers’ rights.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Kuwait: New Decision Requires Pharmacies to Restrict Payments to Prevent Money Laundering

09/03/202309/03/2023
by Benjamin Filaferro

Arab Times, 5 March 2023: A new ministerial decision has been issued by Mazen Al-Nahedh, the Minister of Trade and Industry, to prevent money laundering activities.

Private pharmacies and other entities operating in the drug control sector are required to limit the use of “Knet” as a means of payment to amounts exceeding 10 dinars.

Cash payments for any sale are also limited to amounts below 10 dinars.

Any violation of this decision may result in the imposition of penalties and measures in accordance with relevant laws and decisions by the supervisory authority.

For the full details, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Abu Dhabi: Previous Pension Service Periods Added Automatically

09/03/202309/03/2023
by Benjamin Filaferro

Albayan, 5 March 2023: The Abu Dhabi Pension Fund has confirmed it automatically includes the previous service periods of individuals who are registered with the Fund from both the private and public sectors.

This is done at no additional cost to the insured persons.

However, if an insured person has received their end of service payment and later decides to add their previous service period, they must pay a fee which is equivalent to 26 per cent of the salary used as the basis for calculating their subscriptions.

The service periods which can be added include previous work periods with the federal government, previous work periods in the private and public sectors in the Emirate of Abu Dhabi, previous work periods in the private sector outside the Emirate of Abu Dhabi, and previous service in local authorities in the UAE, provided the conditions stipulated by law are met.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Meet the Dazzling Winners of the 2023 LexisNexis Women in Law Awards in the GCC!

03/03/202303/03/2023
by Benjamin Filaferro

Get ready to meet the inspiring and trailblazing winners of the 2023 LexisNexis Women in Law Awards in the GCC! The wait is finally over, and we are thrilled to announce the deserving winners of these highly anticipated awards.

With over 195 impressive entries across 17 categories, these women in the GCC legal industry have truly raised the bar. We want to give a huge round of applause to all the participants who have made this event a true success from the start.

The winners were announced at a glamorous gala dinner and awards ceremony held at the iconic Ritz-Carton in JBR, Dubai, UAE, on 2 March 2023.

We couldn’t have made this possible without the support of Yungo Legal Consultants (Drinks Reception Sponsor), DLA Piper (Bronze Sponsor), Sorbonne University Abu Dhabi (Award Sponsor) and Grant Thornton (Audit Partner).

You can check out the winners by clicking here.

We’re already looking forward to the next edition in 2024 and can’t wait to see what’s in store for the future of women in law in the GCC!

MEET THE WINNERS

UAE: Unemployment Insurance Cannot Be Transferred to Others

02/03/202302/03/2023
by Benjamin Filaferro

Emaratalyoum, 24 February 2023: Insurance companies working with the UAE’s Human Resources and Emiratization Ministry have been receiving compulsory insurance requests for unemployment insurance from employees in both the private and public sectors.

Failure to obtain this insurance could result in a fine of up to 400 AED.

This type of insurance was mandated by Federal Decree-Law No. 13/2022 Concerning Unemployment Insurance to provide employees with a three-month income equivalent to 60 per cent of their salary value if they leave work for reasons beyond their control or non-disciplinary reasons.

The insurance cannot be assigned to others or transferred to any other individual or company at any time.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.