UAE Corporate Income Tax: Uniqus explains why it’s important to join the discussion on impact beyond tax
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.
In this Early impressions publication we have analysed the RBI (India’s central bank). The RBI strongly supports equality and fairness amongst lenders. This includes fairness in lending processes. This publication discusses our views on their recent notification to enhance this practice for retail/MSME borrowers.