May 12, 2022Click for PDFOn January 31, 2022 the Ministry of Finance of the United Arab Emirates (UAE) announced the introduction of a federal Corporate Tax (“CT”) on business profits, effective from the financial year beginning June 1, 2023. Pursuant to the aforementioned announcement, the Ministry of Finance published a consultation document to collect and appraise […]
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International travel involves a host of confusing issues when it comes to the documentation needed to enter and depart foreign countries. In addition to a valid passport, some countries require tourist or visitor visas that may involve an application process and fee. Factor in that you will arrive by cruise ship (which may be covered […]
WATCH LIVEA Southern California business owner and a Danville man say they've been mistakenly getting charged for FasTrak toll and express lane fees for years.DANVILLE, Calif. (KGO) — Dozens of mistaken Bay Area bridge toll invoices and express lane fees. That's what a Southern California business owner and a Danville man say they're contending with.On […]
The United Arab Emirates and India are in early discussions to settle non-oil trade payments in Indian rupees, according to UAE Minister of Foreign Trade Dr Thani Al Zeyoudi. The talks are part of a broader effort by both countries to increase bilateral trade and reduce their reliance on the US dollar. Al Zeyoudi said […]
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The Republican Party is embracing policies that roll back a century of child labor protections.The New York Times’s recent exposé on child labor in the United States wasn’t about what might be called “child labor lite”: examples, say, of kids working in candy stores, logging long hours as babysitters, or getting up early to do […]
The Emirati Federal Tax Authority today announced the launch of a whistleblower program, effective immediately, the official Emirates News Agency reported. The new program, named Raqeeb, is a reporting mechanism for tax evasion and violations. It aims to raise tax compliance in the United Arab Emirates. Raqeeb requires that those reporting the alleged tax violations give their […]
Flying first class on Emirates is one of the most exclusive experiences in the sky, and it has a sky-high price tag to boot.After all, suites with closing doors, unlimited caviar, bottomless Champagne, on-demand meals, moisturizing pajamas and even inflight showers come at a cost.No wonder tickets between Dubai and the U.S. in Emirates first […]
Emirates Islamic Bank migrates to new core banking platformEmirates Islamic Bank, a Shari’ah-compliant banking subsidiary of Emirates NBD, has migrated to a new core banking platform, Banking Technology understands.The new system is Infosys’ Finacle.The project has been underway since 2014, and is Infosys’ first Islamic site for the Finacle core platform.India-based payments and tech transformation […]