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Blog - Fincirc - Page 2

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Tag: Blog

Anmol August 2, 2025 No Comments

EU will Remove UAE from Money Laundering Risk List

The European Union (EU) said on June 10, 2025, that it would take the United Arab Emirates (UAE) off its list of countries that are…
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Anmol August 2, 2025 No Comments

Oman’s 5% Income Tax from 2028

Big step from Oman, becoming the first among the GCC countries to introduce a personal income tax.Starting January 1, 2028, a modest 5% tax will…
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Anmol August 2, 2025 No Comments

VAT on Concerned Services in the UAE

Defining Concerned Services Under to Federal Decree-Law No. 8 of 2017 on Value Added Tax, “Concerned Services” are services that are imported into the UAE…
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Anmol August 2, 2025 No Comments

UAE Mutual Agreement Procedure Guidance

Navigating taxes in one country is complicated enough. When you’re dealing with two, it can feel overwhelming. If you believe you’re being taxed unfairly or…
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Anmol August 2, 2025 No Comments

SWIFT Messages and VAT Compliance for Financial Institutions

The UAE’s Federal Tax Authority (FTA) put out Public Clarification VATP041 on April 14, 2025, to provide clear guidance on how the VAT handled on…
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Anmol June 24, 2025 No Comments

Ministerial Decision No. (261) of 2024 Unincorporated Partnerships, Foreign Partnerships, and Family Foundations under Federal Decree-Law No. 47 of 2022 on Corporate Taxation

On 18 November 2024, the Ministry of Finance (MoF) of the United Arab Emirates (UAE) issued Ministerial Decision No. 261 of 2024, titled “Unincorporated Partnerships,…
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Anmol June 24, 2025 No Comments

Ministry of Finance Issues Notification on Excise Goods and Tax Rates

January 3, 2025 – The Ministry of Finance has issued Ministerial Decision No. (1) of 2025, which implements provisions of Cabinet Decision No. 52 of…
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Anmol June 17, 2025 No Comments

Exploring Crypto Taxation and Its Rapid Growth

The Rise of Cryptocurrency  Cryptocurrency, a form of digital or virtual currency secured by cryptography, has experienced exponential growth in recent years. Bitcoin, the first…
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Anmol June 17, 2025 No Comments

Kuwait Adoption of the 15% Corporate Tax Rate

Kuwait’s proposed tax amendments, including the introduction of a 15% corporate tax rate starting January 1, 2025, are closely tied to global tax developments, even…
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drishti June 17, 2025 No Comments

Mastering Interest Deduction Rules in UAE

I. What kinds of Interest can be claimed as deduction?  According to UAE Corporate Tax Law, interest expenses that can be deducted are broadly defined…
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