Dubai / WAM The UAE issued Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses (the ‘corporate tax law’). Businesses will become subject to UAE corporate tax (corporate tax) from the beginning of their first financial year that starts on or after June 1, 2023. The UAE’s Corporate Tax regime will levy a standard rate of ...

  Abu Dhabi / WAM Etihad Airways has announced that it is reintroducing four of its A380s in the summer of 2023, following a surge in demand for air travel across the airline’s network and customer feedback. Mohammed Ali Al Shorafa, Chairman of Etihad Aviation Group, said, “It is wonderful to announce the return of this splendid aircraft. The A380’s ...

  Dubai / WAM The Ministry of Human Resources and Emiratisation (MoHRE) and the Federal Authority for Identity, Citizenship, Customs & Port Security (ICP) announced completing 4,719,000 joint transactions in the first 10 months of 2022 as the two entities offer 35 common services — 23 for business owners and families employing domestic helpers, and 12 for private sector employers ...