The UAE has officially launched Phase 1 of its Research and Development (R&D) Tax Incentives Program, introducing a non-refundable corporate tax credit of up to 50 percent on qualifying R&D expenditure capped at AED 5 million per tax period.
Oman's sustainable tourism industry is becoming a core investment sector under Vision 2040, with growth driven by eco-tourism, heritage assets, and selective hospitality projects rather than mass-market development.
Bahrain is planning the introduction of Corporate Income Tax, marking a structural shift from a tax-free to a taxable business environment, expanding obligations beyond large multinationals to the wider corporate sector.
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Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
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