Other Briefings
New UAE VAT Ecommerce Rules Kick In From July 1st
International Ecommerce companies operating in the UAE need to get into compliance From July 1, Ecommerce businesses operating in or with the UAE will need to make one key change in the way they book sales. This applies to these businesses’ compliance requirements under VAT regulations.
The UAE Mandatory Unemployment Insurance Scheme
Employees must register by June 30th this year or face being fined. Employees based in the UAE, including expatriate staff, must subscribe to the country’s mandatory Unemployment Insurance Scheme by June 30th. The Ministry of Human Resources and Emiratisation (MoHRE) has called on all eligible employees to register for the scheme to their staff – it […]
China, Russia, Look To The Shia Power Crescent For Middle Eastern Leverage & Energy Investments
China’s BRI is making inroads into Iraq, Syria, Jordan, Lebanon & Yemen under a new regional strategy Crucial to China’s multi-pronged, multi-generational ‘Belt & Road Initiative’ power-grab project is the Shia Crescent of the Middle East. Named after the largest regional Muslim group the Shia, and dominated by Iran, China’s chief longstanding ally in the […]
UAE Trade Relations With East Africa: Current Status & Prospects
East African GDP growth now significantly higher than global average By Farzad Ramezani Bonesh Introduction East African economies include Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Mozambique, Seychelles, Somalia, Tanzania, Uganda, Zambia and Zimbabwe, with eight of these showing annual GDP growth rates in excess of 5% and all bar two performing at higher […]
Russia’s EAEU Discusses Egypt, UAE Free Trade Zones
The Eurasian Economic Union (EAEU) is actively negotiating with Egypt and the United Arab Emirates to create a free trade area, according to announcements made early last week by Maxim Reshetnikov, Russia’s Minister of Economic Development. He was speaking at the Annual Investment Forum (Annual Investment Meeting, AIM) in Abu Dhabi. Reshetnikov stated that ‘’The […]
Updates To UAE Transfer Pricing Documentation
New updates related to Transfer Pricing under the UAE Corporate Tax regime have been issued by the UAE Ministry of Finance, with the Ministerial Decision No (97) of 2023 relating to the maintaining of transfer pricing documentation.
Arab States Agree On Return of Syria to Arab League
Arab League foreign ministers adopted a decision to readmit Syria after more than a decade of suspension, a spokesperson for the League said.
Performers, Entertainers Now Subject To Tax in the UAE
The UAE is introducing a new tax regime from 1st June this year – just three weeks away. With that come a whole new area of services, such as entertainment, that are now subject to Corporate Income Tax deductions in the UAE. We explain the tax regime.
The UAE Joins The Shanghai Cooperation Organisation As A Dialogue Partner
With the Middle East now on board, Israel will eventually have to choose between the United States and Eurasia as its core geographical base. The UAE has become a dialogue partner of the Shanghai Cooperation Organization (SCO), according to the SCO secretariat, following a memorandum of understanding signed between the SCO countries and the UAE […]
Iran – Shanghai Cooperation Organisation Trade Hits US$41 billion
Iran’s trade with Shanghai Cooperation Organization (SCO) member states has reached 52.71 million tons worth US$40.98 billion over the past 12 months, according to data released by the Islamic Republic of Iran Customs Administration (IRICA). This shows that Iran’s trade with SCO member states, excluding crude oil exports from the country, stood at 52.71 million […]
