Introduction to Excise Tax in the UAE The excise tax framework in the United Arab Emirates (UAE) was introduced to regulate and control the consumption of goods deemed harmful to human health or the environment. Implemented on October 1, 2017, the excise tax seeks to discourage the use of products such as tobacco, sugary beverages, … Read more
Introduction to Excise Tax Law The Excise Tax Law, outlined in Federal Decree-Law No. 7 of 2017, represents a significant fiscal policy initiative in the United Arab Emirates aimed at managing the consumption of specific goods deemed harmful to both public health and the environment. This law applies to various products, including tobacco, carbonated drinks, … Read more
Introduction to Cabinet Resolution No. 1 of 2022 Cabinet Resolution No. 1 of 2022 marks a significant milestone in the evolution of labor law in the United Arab Emirates. This resolution was introduced to establish a framework that ensures robust protection of employee rights while enhancing the overall labor market standards within the UAE. The … Read more
Introduction to Federal Decree-Law No. 33 of 2021 The Federal Decree-Law No. 33 of 2021 represents a significant advancement in labor relations within the United Arab Emirates (UAE). This law is a comprehensive framework designed to improve various aspects of employment, thereby enhancing worker rights and overall labor conditions. As the UAE continues to evolve … Read more
Introduction to UBO Reporting Ultimate Beneficial Ownership (UBO) reporting refers to the legal requirement for entities to disclose their true owners—those individuals who ultimately benefit from, or exercise control over, corporate assets. This process is critical in the realms of anti-money laundering (AML) and combating the financing of terrorism (CFT). The identification of UBOs is … Read more
Introduction to FTA VAT Registration The Federal Tax Authority (FTA) plays a pivotal role in the administration and regulation of tax matters in the United Arab Emirates (UAE). Established to implement federal tax laws, the FTA oversees various tax systems, including Value Added Tax (VAT), which was introduced in the UAE on January 1, 2018. … Read more
Introduction to MOHRE Employment Contracts The Ministry of Human Resources and Emiratisation (MOHRE) plays a critical role in shaping the labor market in the United Arab Emirates (UAE). Established to regulate employment practices within the country, MOHRE strives to create a balanced and sustainable workplace where both employers and employees can thrive. One of the … Read more
Introduction to the UAE Unemployment Insurance Scheme The UAE Unemployment Insurance Scheme, officially known as the Involuntary Loss of Employment scheme, was introduced to provide financial support and security for employees who find themselves unexpectedly unemployed. The scheme was launched as part of the UAE’s broader initiative to enhance the social safety net for workers, … Read more
Introduction to the UAE Golden Visa Program The UAE Golden Visa Program represents a significant step forward in the country’s immigration policy, primarily designed to attract foreign investment and talent. Launched in 2019, this initiative allows specific categories of individuals to obtain long-term residency in the United Arab Emirates, bolstering the nation’s ambitions to foster … Read more
Introduction to VAT Penalties in the UAE Value Added Tax (VAT) was introduced in the United Arab Emirates (UAE) on January 1, 2018, as part of the government’s efforts to diversify its economy and reduce its reliance on oil revenues. This tax, levied at a standard rate of 5%, applies to most goods and services, … Read more