Specialty Group: TAG Tax

Introduction: The UAE’s Federal Decree-Law No. 47/2022 introduces significant changes to corporate and business taxation, effective from June 1, 2023. This article provides an overview of the key provisions related to ...

Direct Tax Dispute Resolution Scheme 2.0 1. The New Vivad se Vishwas (VSV) scheme 2024 (‘scheme’) is like a peace treaty for taxpayers which will be effective from October 01, 2024. Under the scheme, taxpayers with ...

Introduction: Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses (Corporate Tax Law) was implemented on 3 October 2022. Under UAE corporate tax laws, partnerships can be classified as either i ...

1. Recent Order from Bombay High Court provides relief to employees of companies who received notices related to Income Tax. The Bombay High Court in an order dated September 10, 2024, has held that the tax department ca ...