The FTA noted that Cabinet Decision No. 75 of 2023 imposes Administrative Penalties on Taxable Persons who fail to register within the specified timelines
Politics & Economics
taxable income
UAE Ministry of Finance makes major amendments to Ministerial Decisions
Announcements relate to Tax Groups and Participation and Foreign Permanent Establishment Exemptions and aim to enhance compliance
inflation
F&B and clothing price increase pushes Kuwait’s inflation up by 2.36%
Among major expense heads, transportation costs decrease compared to November last year
Bilateral Agreement
Kuwait and India agree to cooperate in a wide range of fields
The two countries form a strategic partnership following Prime Minister Narendra Modi’s two-day state visit
Crown Prince of Dubai
Dubai’s Crown Prince names board for Young Arab Leaders initiative
The initiative aims to attract 50,000 participants over the coming period and develop and implement several future projects and inspiring ideas with Arab youth
Saudi Arabia
GCC urban populations to surge 30% by 2030: Report
The surging demand will push up unprecedented demand for housing, infrastructure, and inclusive development, a new report said
Ministry of Finance
UAE raises up to $3bn a year through indirect taxes
UAE given significant economic boost from indirect taxes