Amendments and guidelines were recently published regarding the two new corporate income tax surtaxes for large companies.
Decree 1515 of 2017, published on September 15, 2017, and in force as of that date, regulates Article 424(6) of the Tax Code regarding the VAT exemption on smart devices.
The UAE Ministry of Finance recently shared the key features and status of its VAT implementation process.
At the end of August, the UAE’s Ministry of Finance released an official statement on progress regarding the introduction of corporate tax and value added tax (VAT). The statement confirms that the UAEis committed to launching direct and indirect tax regimes.
On 24 March, the UK Chancellor of the Exchequer presented the final budget prior to the country’s parliamentary general elections. We outline the key tax measures.
Poland increased its VAT rate from 21% to 23% in 2011, at the height of the financial crisis, to offset against falling corporate income tax revenue
Improves the framework conditions for operating a business
Eliminates many administrative burdens faced by new businesses and promotes new incentives