Over the past decade, Dubai has made great strides in opening up new avenues for economic growth, becoming a strategic hub for international businesses to reach nearby emerging markets. This development has been guided by an economic diversification plan focused on key sectors that can accelerate growth, not only in Dubai and the UAE, but also the entire region....
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Articles & Analysis | A new financial centre in Dubai will bridge Western and East Asian markets from The Report: Dubai 2015
Interviews & Viewpoints | Mahmud Merali, Managing Partner, MERALI’S, on the state of auditing and financial reporting law in Dubai: Viewpoint from The Report: Dubai 2015
The global economic crisis has placed a greater importance on the need for strong corporate governance, internal auditing and risk management procedures. Sound corporate governance is a crucial factor in sustaining economic growth, and as conditions change, so too must risk management priorities.
Articles & Analysis | Dubai imposes very few taxes from The Report: Dubai 2015
The federal government of the UAE has not promulgated any tax laws and, as a result, much of the existing tax structure in the emirates has been established by the individual emirates, which have issued varying corporate tax decrees. While this seems like it would lead to confusion and hamper the business environment, in practice, taxes are only imposed on oil- and gas-...
This chapter contains an overview of the tax framework in which local and foreign investors operate, including an outline of the incentives available in the free zones and a look at the opportunities in the Dubai International Financial Centre. This chapter contains a viewpoint from Mahmud Merali, Managing Partner, MERALI’S.
In many respects 2014 marked the transition from strong recovery to promising growth for Dubai. With many exciting projects in the pipeline, not least the hosting of Expo 2020, the emirate is continuing to build on its reputation as a dynamic and international centre for business.
Articles & Analysis | New tax laws and amendments make doing business clearer from The Report: Myanmar 2015
Myanmar’s tax reform process gained unprecedented momentum in March 2012, following changes to two important tax laws, the Income Tax Law (ITL) and the Commercial Tax (CT) Law (CTL). The changes came into effect on April 1, 2012, and the reforms resulted in an overall reduction of tax rates. For example, the corporate tax rate was reduced from 30% to 25%, and CT rates on...