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In 2018, the Joint Tax Board issued a collaborative framework for cooperation between the FIRS plus the condition tax authorities. This indicated that there is now distinct movement in strengthening collaboration right after many years of basically speaking about the strategy.Corporations 80% or more owned by a common mum or dad corporation may pos
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“The knowledge of a aggressive corporate tax regime that adheres to Intercontinental specifications, along with the UAE’s intensive community of double tax treaties, will cement the UAE’s posture as a leading jurisdiction for small business and financial commitment,” it extra.A list of penalties are specified in Cabinet Conclusion 75 of 202