The UAE Ministry of Finance released on 9 December 2022, the Federal Decree-Law No. 47 of 2022 [PDF 441 KB] on the taxation of corporations and businesses and updated related “frequently asked questions” (FAQs) section. The corporate tax law, which will be effective for financial years starting on or after 1 June 2023, may have the following effects on value added tax (VAT) compliance: ..
Source: KPMG
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