UAE Archives - Page 43 of 94 - LexisNexis Middle East

Elevate Your Tax Expertise with the Exciting New Summer 2023 Edition of Lexis Middle East Gulf Tax!

12/06/202312/06/2023
by Tanya Jain

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

In this edition:

In Comes Transfer Pricing

How will transfer pricing operate in the UAE from 1 June 2023? Alessandro Valente of Crowe explains how it will operate.

Firm Foundation on Tax

Foundations and the UAE Corporate Income Tax Regime – Foundations are often used for succession planning and charitable purposes, but it would be wrong to automatically assume they will be exempt from the UAE’s new corporate income tax law, as Alejandra Esmoris, Head of Private Clients, CVML explains.

What’s Changed? – Electronic commerce

Is your e-commerce business in the UAE compliant with new VAT reporting and record keeping requirements?

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 Customs Valuation

Customs arrangements are integral to the design of business operations in the UAE, given its heavy reliance on cross-border trade, encompassing both material exports and high levels of imports. Tax Lawyer, Patryk Karczewski, and Head of Tax, Siegert Slagman, highlight the crucial role of customs arrangements in facilitating successful trade in the UAE.

Tax Professional Profile: A Different Approach

Mourad Chatar, Managing Partner at a Consulting Firm talks about the differences between tax in the UAE and the GCC region.

Practitioner Perspective on Qatar Law No. 24/2018 (the Income Tax Law)

Rami Qudah, Practitioner at Deloitte in Qatar looks at significant recent changes to the Qatar Income Tax Law.

What are the tax benefits of SEZs and SILZs?

Nabil A Issa of King & Spalding explains the tax benefits of Special Economic Zones and Special Integrated Logistics Zones in Saudi Arabia.

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

Lexis Middle East Gulf Tax | Summer 2023

Have you read the Lexis® Middle East Gulf Tax – Spring 2023 edition? Click the link below to access and read the Spring edition.

Lexis Middle East Gulf Tax |Spring 2023

News developments

Introducing the Latest Release of Lexis Middle East – HR Alert!

08/06/202314/06/2023
by Tanya Jain

We are pleased to present the May 2023 edition of Lexis Middle East – HR Alert!

Discover our complimentary HR publication, the Lexis Middle East – HR Alert, designed to keep you informed about the most recent updates in Labour and Employment Law, highlighting noteworthy cases, and offering valuable insights into region-specific HR policies and templates.

Featuring exclusive interviews with prominent HR experts from the region, this edition also provides expert guidance on emerging industry trends. Stay up-to-date and enhance your HR knowledge with the latest issue of Lexis Middle East – HR Alert.

In this edition:

Feature: The Rules of Recruitment – UAE recruitment agency obligations

Following recent announcements in the press on the regulation of UAE employment agencies, Victoria Smylie and Saher Khan of PwC Legal explain the obligations for UAE based agencies and employers who use them.

Trend Setter – Interns

Ruth Stephen, Luke Tapp, Lana Akkad and Melissa McLaren of Pinsent Masons look at the legal precautions the increasing number of employers in the MENA region who are interested in offering internship opportunities need to be aware of.

Immigration Focus: Recent GCC Immigration and Visa Changes

The dynamics team at Vialto Partners shares the latest updates from the region, including developments relating to family sponsorships, visit visa extensions, ILOE scheme in freezones, and much more.

Additionally, Dounia Fathi-Benbrahim, Senior Manager Immigration with Vialto Partners explains the role she has taken in enabling the firm’s expansion across the region from both a geographical and service perspective.

HR Profile – Energy

Sarah Tablet, Head of Human Resources for the Middle East at Siemens Energy explains how in order to support diversity it is important to tailor your approach.

Policy Pointers – Unemployment Insurance

As a leading authority in employment law, Shiraz Sethi, Partner & Regional Head of Employment at Dentons, sheds light on the scheme and emphasizes the importance of timely subscription.

Want to receive future editions? Subscribe here!

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

LexisNexis-Middle-East-HR-Alert_May-2023

Have you read the Lexis® Middle East HR Alert – January and March 2023 edition? Click the links below to access and read these editions.

LexisNexis Middle East HR Alert_January 2023

LexisNexis-Middle-East-HR-Alert_March-2023

News developments

UAE: Virtual Workshops Platforms for Companies Tax Launched

07/06/202307/06/2023
by Tanya Jain

Albayan, 4 June 2023: The Federal Tax Authority has introduced an educational platform called “Companies Tax” to provide ongoing knowledge support to taxpayers. This initiative is part of the procedures being implemented to enforce the Federal Decree Law on Companies and Business Tax.

The law is applicable to financial years starting on or after 1 June 2023 and is aimed at enhancing the UAE’s position as an international hub for investment and entrepreneurship, as well as ensuring compliance with international standards for tax transparency.

The platform features 13 seminars conducted in both English and Arabic, remotely scheduled throughout the month of June, focusing on the registration process for this tax.

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/.

News developments

UAE: Service for Electronic Renewal of Identity and Passports Introduced

01/06/202301/06/2023
by Tanya Jain

Emaratalyoum, 27 May 2023: The Federal Authority for Identity, Citizenship, Customs and Border Security has introduced a new service which allows individuals to apply for the renewal of their identity and passports while residing abroad.

To ensure the applicant’s identity is verified, they are required to personally submit the renewal requests through the authority’s smart application.

This measure guarantees the concerned party is directly involved in the process.

This service is particularly beneficial for individuals residing outside the country who need to renew their identity documents.

It addresses the issue faced by those whose previous renewal requests were rejected due to their inability to submit the request in person.

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/.

News developments

Dubai: New System for Licensing and Regulating Buildings Launched

01/06/202301/06/2023
by Tanya Jain

Emaratalyoum, 26 May 2023: Dubai Municipality has introduced a novel electronic system for the licensing and supervision of buildings. This system has been specifically developed to cater to customer needs by reducing the time required for completing procedures and meeting the requirements of the new building code.

The Director-General of Dubai Municipality has highlighted the system incorporates several advantages and advanced digital functionalities aimed at enhancing the customer experience while reducing both time and costs.

Furthermore, the system will offer the utilisation of Building Information Modelling, enabling users to generate 3D templates and digital representations depicting the physical and functional attributes of the buildings.
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/.

News developments

Abu Dhabi: Authority for Managing Endowment and Funds of Minors Established

01/06/202301/06/2023
by Tanya Jain

Albayan, 27 May 2023: The Ruler of Abu Dhabi has enacted legislation to establish the Authority for Managing Endowment and Funds of Minors in Abu Dhabi.

The Ruler of Abu Dhabi has enacted legislation to establish the Authority for Managing Endowment and Funds of Minors in Abu Dhabi. The Crown Prince of Abu Dhabi has issued a decree appointing Abdulhamid Mohamed Said as the chairman of this authority.

In collaboration with the General Authority for Islamic Affairs and Endowments, as well as relevant agencies, the newly formed authority will undertake the required measures to assume responsibility for managing endowment affairs. This includes tasks such as counting, overseeing, organising, and regulating endowments, as well as issuing necessary permits for endowment institutions within the Emirate.

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/.

News developments

May/June 2023 edition of Lexis Middle East Law Alert Now Out!

26/05/202330/05/2023
by Tanya Jain

Introducing the latest edition of our complimentary law magazine, the Lexis® Middle East – Law Alert! Stay up-to-date on the latest legal, financial, and fiscal developments and hot topics in the MENA region.

In this edition, we examine why amendments to Saudi Arabia’s personal data regime were needed and what might be their impact, recent legal and tax developments, virtual asset regulations, and more.

Feature: What’s Different with Data? Amendments to the Saudi Personal Data Protection Law

Nick O’Connell, Partner, Digital & Data, Al Tamimi & Co explains why amendments to Saudi Arabia’s personal data regime were needed and what might be their impact.

Legal Round-Up: Covering Recent Key Legal Developments (Region-Wide)

Stay up-to-date with the latest legal developments in the region! Our legal round-up includes all the essential news so that you can stay well-informed.

Tax and Finance Round-Up: Covering Recent Key Tax and Finance Developments (Region-Wide)

Stay up-to-date on the key developments from the region and never miss out on the latest happenings.

Feature: Nothing to Hide – The Qatari Anti-concealment Law

Omar Qouteshat of Sultan Al Abdulla & Partners explains results the impact the Qatar Anti-Concealment Law can have when non-Qataris are engaged in commercial activities there.

In-House Profile: Talent and Energy

Elizabeth Dunne Chandler Legal and Commercial Director – Middle East, UK and Europe NES Fircroft explains how the switch to renewable energy is impacting her work and making cross-border employment legislation more important.

Practitioner Perspective:

Thomas Wigley of Trowers and Hamlin looks at the practicalities of bringing foreigner experts into Oman. And sheds light on the implementation of Oman Sultani Decree No. 35/2003 On the Promulgation of the Labour Law provides the framework for private sector employment in Oman.

Movers & Shakers: A Round-Up of the Top Appointments and Promotions

Check out our latest round-up of the top movers and shakers from the world of legal appointments and promotions, brought to you by Jameson Legal. Who’s been promoted, who’s been appointed and who’s moving on? Find out now!

Dispute Resolution Focus: Cases and Updates

Hashem AlAidarous, Partner at Al Aidarous, qualified in three jurisdictions, explains
the differences between dispute resolution in the UAE, the US and Australia.

Contract Watch: Is It Asymmetric?

Aleefa Ahmed, from Associate Afridi & Angell, explains asymmetric jurisdiction clauses (or unilateral option clauses) for parties bringing their proceedings in front of a jurisdiction and what options are available for them.

Thanks to Jameson Legal for supporting individuals and businesses, and Al Aidarous for keeping us updated on dispute resolution cases.

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

Lexis Middle East Law Alert May-June 2023

Lexis Middle East Law Alert January-February 2023

Explore the past editions of the Lexis® Middle East Law Alert and stay up-to-date with the latest news! Click the links below for instant access to older editions.

Lexis Middle East Law Alert October-November 2022

Lexis Middle East Law Alert_July-August 2022

News developments

UAE: Finance Ministry Issues Regulatory Decisions

26/05/202326/05/2023
by Tanya Jain

Emaratalyoum, 23 May 2023: The Ministry of Finance in the UAE has released three regulatory decisions in line with Federal Decree-Law No. 47/2022 On the Taxation of Corporations and Businesses.

These decisions include Ministerial Decision No. 114/2023 on Accounting Standards and Methods, Ministerial Decision No. 115/2023 on the Fund for Pensions and Social Insurance, and Decision No. 116/2023 on exemptions from participation.

The Undersecretary of the Finance Ministry has stated the purpose of these three decisions is to enhance the flexibility of the Companies Tax system in the country and create a supportive environment for businesses.

Regarding the Pensions and Social Insurance Fund, specific conditions need to be fulfilled by the funds in order to qualify for exemption from this tax.

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/.

News developments

UAE: Pension Insurance Continues with Change of Employer

04/05/202304/05/2023
by Benjamin Filaferro

Emaratalyoum, 2 May 2023: The General Pension and Social Security Authority has launched the “Shorek” project, which aims to provide continuous service to insured individuals in case of changing employers without additional costs.

It is the first transformative project of the Authority and will allow individuals entitled to end-of-service rewards to consider their service continuous and connected with subsequent service without incurring additional costs.

The project applies to citizens working in both public and private sectors and will be effective from 1 July 2023.

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/.

News developments

Abu Dhabi: Legal Frameworks Discussed to Protect Environment, Combat Climate Change

04/05/202304/05/2023
by Benjamin Filaferro

2 May 2023: According to the UAE’s press agency, the Abu Dhabi Judicial Department organised a series of seminars and workshops aimed at discussing national and international legal frameworks for human rights in protecting and sustaining the environment and addressing the risks of climate change.

The event aligns with the UAE’s strategic directions in the Year of Sustainability 2023 and is in preparation for hosting the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28).

The participants discussed the state’s efforts to promote human rights in climate action, the role of individuals, the state, and judicial institutions in confronting climate change and its effects.

They also discussed the legal, judicial, and administrative framework for environmental auditing of institutions to monitor phenomena and assess the impact of protecting, developing, and sustaining the ecosystem of projects and preserving biodiversity as tools for environmental protection.

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/.