Month: December 2022

UAE issues 9% tax on companies exceeding AED 375,000 taxable income

The Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses was issued by the United Arab Emirates on 09 December 2022. This Corporate Tax will take effect for financial years starting on or after 1 June 2023. The threshold of Dh375,000 has been included in order to support small and medium […]

Dubai to build Ultra-luxury & world’s tallest residential skyscraper

The UAE developer, Binghatti, announced on Wednesday a new project to develop the world’s tallest residential skyscraper in Dubai – Burj Binghatti Jacob & Co Residences. The residential structure is said to introduce a new era in uber-luxury living. The cooperation of Binghatti and watchmaking & jewelry brand Jacob & Co coined a new term […]