Following the success of our first tax digest, we are pleased to share our second digest covering the tax updated in the UAE and GCC in February 2025.
This month’s theme is the Domestic Minimum Top-Tax in the UAE, effective for financial years starting on or after 1 January 2025.
Here’s a preview of the updates covered in this issue:
- Corporate Tax: Key updates on the DMTT framework in the UAE, a 20% Corporate Tax in Sharjah for extractive businesses.
- Tax Procedures: Updates on deadlines’ extensions for tax assessment review or reconsideration requests, updates on EmaraTax portal, FTA’s statistics on the field tax audits in 2024, landmark decisions of the UAE Supreme Court concerning the taxpayers’ rights.
- International Developments: The signing of the new DTT between Russia and the UAE, updates in Pillar 2 in Bahrain and transfer pricing developments in Saudi Arabia.
We hope this edition provides valuable insights, and we look forward to supporting your tax compliance and planning efforts.
The digest is available for download in both English and Russian, ensuring accessibility for our diverse readership.