UAE: Introduces New Corporate Tax

The UAE Ministry of Finance announced the introduction of a corporate tax (“CT”) regime that will apply to businesses. It will become effective for financial years starting on or after 1 June 2023. The headlines are that the tax rate will be 0% for taxable income up to AED 375k and 9% for taxable income…

New UAE Labour Law 2022: Everything you need to know

From new rules around employment types and flexible working, to laws setting out additional leave types and addressing discrimination, some major changes are imminent. Ultimately, the new rules are aimed at ensuring more flexibility for employees. The new UAE labour law applies to both public and private sector workers. As with any change, there’s been…