UNITED ARAB EMIRATES
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BDO has released IFRB 2023/04 IASB issues Amendments to IAS 12 – International Tax Reform – Pillar Two Model Rules.The IASB recently published International Tax Reform – Pillar Two Model Rules (Amendments to IAS 12). These amendments are issued in response to stakeholders’ concerns about the...
The 2023 edition of our Doing Business in the UAE is designed to provide an overview of key considerations for doing business in the United Arab Emirates (UAE). The guide provides you with basic knowledge about the United Arab Emirates, an overview of its economy, business culture, legal...
BDO has released ISRB 2023/02 Q1 2023 Sustainability Reporting Update, which includes information on developments by the International Sustainability Standards Board (ISSB), the European Union and other standard setters, that have been put forward relating to sustainability and climate reporting.
The Ministry of Finance (‘MoF’) has issued a Cabinet Decision No. 37 of 2023 regarding the Corporate Tax exemptions to Qualifying Public Benefit Entities(QPBE) for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (‘Corporate Tax Law’).Article 9 of...
IASB recently published the Exposure Draft Amendments to the Classification and Measurement of Financial Instruments, which proposes amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures. The proposed amendments respond to feedback received from a post...
BDO has released illustrative interim IFRS financial statements for the quarter ended 31 March 2023. This publication is a great resource for anyone who must prepare or review interim financial statements as they reflect amendments to IFRSs and agenda decisions from the IFRS Interpretations...
Tax continues to march forward in the GCC. In this edition of our quarterly tax newsletter for the GCC we bring you an update on the major tax news from around the region, including initiatives to support business and simplify compliance in several jurisdictions.
In this article we look at some of the structures and arrangements that are subject to special rules under the UAE’s new corporate tax (CT).Incorporated and Unincorporated PartnershipsBefore examining the detail of the Tax Law in this case, it is important to understand the distinction between...
European Sustainability Reporting Standards (ESRSs) will significantly expand the reporting requirements for many entities operating in the EU, including a requirement to measure and disclose Scopes 1, 2 and 3 emissions, along with explaining how climate risks affect an entity's governance...