ARC

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus pharetra tortor eget lacus ullamcorper, posuere fringilla justo convallis.

    23
    Jul

    SEBI’s new ESG regulations pose challenges for top firms

    Top Indian companies are facing challenges due to the capital-markets regulator's new Environmental, social and governance (ESG) rules as they struggle to collate non-financial data dispersed across various internal systems, evaluate the impact of disclosing private data on sensitive governance issues, and start dealing with the complexity of capturing and auditing data from thousands of their suppliers.
    Read More
    04
    Jul

    UAE Corporate Income Tax: Uniqus explains why it’s important to join the discussion on impact beyond tax

    While entities in UAE are aware of the applicability of CIT Law for the financial years beginning on or after 1 June 2023 and levy of standard rate of 9 per cent on taxable profits above the threshold of Dh375,000, much thought needs to be given to its far-reaching impact beyond tax — on accounting and reporting, IT systems, finance and tax processes, governance, people and wider business.
    Read More
    16
    Jun
    ,

    UAE Corporate Income Tax: Considerations beyond tax

    The Federal Tax Authority has issued the Federal Decree-Law No. 47 of 2022 on “Taxation of Corporations and Business” (the “CIT Law”), which levies a form of direct tax on corporations and business profits from the beginning of their first financial year commencing on or after 1 June 2023. For example, the first tax period will begin in January 2024 for the companies that follow January to December as their financial year. The Corporate Income Tax (“CIT”) Law, read with the Cabinet Decision No. 116 of 2022, provides that a taxable person’s taxable income exceeding AED 375.000 shall be subject to a 9% CIT rate in the relevant tax period. In the case of a qualifying free zone person, qualifying income will be taxed at 0%, and taxable income other than qualifying income will be taxed at 9%.
    Read More