United Arab Emirates Archives - Page 42 of 65

UAE: Federal Tax Authority Signs Government Services Quality Accord

27/07/202327/07/2023
by Tanya Jain

Albayan, 23 July 2023: The Federal Tax Authority has signed the Government Services Quality Charter, which was launched by the UAE government in order to improve customer service and levels of efficiency and effectiveness of government.

Through the charter, the Authority will work to develop three transformative paths for the development of services shortly, which include a smart application called “Maskan” for tax refund services for state citizens building new homes, through which the Authority will make relevant refunds of VAT incurred by these citizens.

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News developments

Sharjah: 16 million AED Compensation for Landowners

26/07/202326/07/2023
by Tanya Jain

Khaleej Times, 19 July 2023: The ruler of Sharjah has ordered that 16 million AED will be diverted to owners of land and properties impacted by the Kalba Market projects.

The project will start next September, and compensation will be paid by the Department Of Town Planning and Survey later in July.

The Sharjah Ruler had directed the relevant department to review the “Al-Bahais” compensation case n Kalba, in an agreement with owners to hand over land in return for reasonable compensation.

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News developments

Dubai: Amendment to Railway Regulations

26/07/202326/07/2023
by Tanya Jain

Khaleej Times, 24 July 2023: Dubai Executive Council Decision No. 1/2017 has been amended. The amendments involve the roles and responsibilities of the Roads and Transport Authority (RTA) in Dubai. They also detail the functions of the RTA, which include planning, design and development of the public railway network in Dubai.

The RTA has been tasked with defining the requirements, procedures, controls, standards and specifications applied by its Safety Regulatory Entity, as well as the requirements, procedures and controls necessary for issuing the certificates specified in this resolution by the RTA Rail Agency and the Safety Regulatory Entity. Dubai Resolution No. 53.2023 also tasks the RTA with ensuring that certificates issued by the Rail Agency of the RTA and the Safety Regulatory Entity are free from any conflict of interest. These certificates will be issued independently of the owners, operators, contractors and any other individuals or entities covered by the provisions of this resolution.

The RTA will also be responsible for cooperating and coordinating with relevant authorities in Dubai and neighbouring emirates including on integrating of railway and other transportation systems.

The RTA will be authorised to enter into contracts and agreements involving railway systems, adopting policies, plans and programmes submitted to it by the Rail Agency and the Safety Regulatory Entity in all matters related to the provisions the resolution and associated resolutions.

Article 6 outlines the functions of the Rail Agency of the Roads and Transport Authority (RTA), which includes proposing policies, plans, and programmes for developing and designing the public railway network, submitting them to the Director General of the RTA for approval, and supervising implementation after approval.

The Rail Agency will also approve the Railway Protection Rules, General Guidelines, Planning and Design Standards Guide, and establish the criteria for contractor, consultant and operator qualification and accreditation, as well as issuing no-objection certificates and compliance certificates.

Dubai Resolution No. 53/2023 also amends Article 7 and 10 of Dubai Executive Council Resolution No. 1/2017 and replaces Article 15 of Dubai Executive Council Resolution No. 1/2017 on penalties and administrative measures, Article 17 of Dubai Executive Council Resolution No. 1/201 on judicial seizure and Article 18 of Dubai Executive Council Resolution No. 1/2017 on complaints.

The Resolution has also replaced two tables Dubai Executive Council Resolution No. 1/2017 – Table 4 on fees for issuing certificates and providing services, and Table 6 on violations and fines related to the RTA Rail Agency.

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News developments

Abu Dhabi: Fire Safety Fine Reminder

26/07/202326/07/2023
by Tanya Jain

Khaleej Times, 25 July 2023: The Abu Dhabi Civil Defence Authority has issued an advisory notice reminding residents and property owners of fire safety requirements.

There are stringent rules in Abu Dhabi on fire safety which include ensuring that detectors and firefighting systems are always in good condition. The authority has stated that along with installing these devices residents and property owners need to ensure they have a maintainance contract in place for this equipment.

A fine of 10,000 AED is imposed where there is no valid maintenance contract by a contractor approved by the Civil Defence Authority for fire alarm systems and devices, fire fighting systems and equipment. These requirements are specified in Cabinet Decision No. 24/2012 On Regulation of Civil Defence Services in the State.

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News developments

UAE: Controls for Annual Leave Entitlement Announced

20/07/202320/07/2023
by Tanya Jain

Emaratalyoum, 14 July 2023: The Federal Authority for Government Human Resources has confirmed employees appointed in any of the ministries or government agencies, working full-time, are entitled to an annual leave with a total salary, which amounts to approximately 30 working days or 22 days, depending on their grade.

If it is necessary for the employee’s work interests, the head of the federal entity may summon them back from their annual leave.

In such cases, the remaining days of leave will be transferred to the employee following the approved procedures. Federal Decree-Law No. 11/2008 on the Human Resources in the Federal Government.

These include instances where the employee is on study leave or an educational assignment during the requested year of leave, as well as periods of absence from work without salary. Additionally, an employee cannot request annual leave for the duration they spend in prison as a result of a judicial ruling (unless termination of service is decided), and finally, during the probationary period, if the employee’s service ends for any reason.

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News developments

Dubai: Guide on Family Business Governance Issued

20/07/202320/07/2023
by Tanya Jain

Albayan, 11 July 2023: In line with the directives of the Dubai Ruler to develop a comprehensive system which aids family businesses, the Dubai Centre for Family Businesses has released a guide to assist these businesses in creating and implementing the necessary governance frameworks.

The objective is to ensure a smooth transition of leadership and the continuity of operations. This guide draws upon the best international practices while considering the local context of the Emirate.

It emphasises the importance and role of the Family Constitution, also referred to as the Family Accord or Family Protocol. Moreover, it offers practical advice and tools to support families in establishing effective governance practices within their businesses.

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News developments

UAE: Fiscal Year for Education Organisations Determined

12/07/202312/07/2023
by Tanya Jain

Alkhaleej, 6 July 2023: For the majority of companies in the UAE, the fiscal year for the application of Company Tax commences on 1 January each year. However, in the education sector, the fiscal year begins in September, aligning with the start of the new academic year.

According to this legislation, a 9 per cent tax is imposed on any income exceeding 375 AED, while income below this threshold is taxed at 0 per cent.

The law came into effect on 1 June 2023 and will be implemented at the start of each new fiscal year across various sectors.

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News developments

Dubai: Controls for Refunding VAT to Tourists Announced

12/07/202312/07/2023
by Tanya Jain

Alkhaleej, 5 July 2023: The digital government of the UAE has set certain conditions and mechanisms that qualify tourists visiting the UAE to recover the value-added tax on their purchases upon leaving the country.

Tourists can get 85 per cent of the total amount of value-added tax that they paid, from which 4.80 dirhams are deducted as a fee for each “Tax Free” mark.

The conditions that qualify tourists to recover the value-added tax and the mechanism for claiming its refund include that the value cannot be refunded on any goods that are consumed in whole or in part in the country, and goods that the tourist does not take with him when leaving the country, and that the age of the tourist must not be less than 18 years.

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News developments

Abu Dhabi: Regulatory Framework for Sustainable Financing Implemented

12/07/202312/07/2023
by Tanya Jain

Albayan, 5 July 2023: The Abu Dhabi Global Market Authority has announced the implementation of a regulatory framework for sustainable financing. The aim is to establish the market as a leading center for sustainable financing and create a conducive local environment for such activities.

The new framework covers investment funds which focus on sustainability, managed portfolios, and bonds. It also outlines disclosure requirements for environmental and social practices, as well as governance for companies registered in the market.

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News developments

UAE: Investment Ministry to be Established

05/07/202305/07/2023
by Tanya Jain

A new ministry is to be established in the UAE to develop the country’s investment vision, stimulate the investment environment internally, and enhance competitiveness

The new investment ministry will be headed by Mohamed Hassan Alsuwaidi. It will develop the country’s investment vision, boost prospects and enhance procedures and legislation in this area.

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