The UAE is a business centre for the MENA region and an attractive destination for investors for a number of reasons, including infrastructure, logistics, access to skilled labour and geographical proximity to almost two-thirds of the global market. According to PwC and the World Bank’s “Paying Taxes” 2019 study, the UAE continues to have the...
Near-term sentiment is on the rise among Dubai’s business leaders, with the IMF forecasting a healthy GDP growth rate of 4.2% in 2019 for the emirate. While not as exposed as some of its regional neighbours to the effects of fluctuating commodities prices in recent times, Dubai nevertheless stands to benefit from the knock-on effects of higher prices over the last year.
The 2019 Finance Law was published in the Official Bulletin No. 6736 bis on December 21, 2018, and promulgated by Dahir (royal decree) No. 1-18-104 of December 20, 2018. The law introduces a number of tax developments, including changes to income tax for corporations and self-employed individuals, real estate investment and tax...
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