The Federal Tax Authority (FTA) has announced a significant update for all Emara Tax users. Starting from 30th September 2024, it will be mandatory for all users to log in using UAE Pass. This measure aims to enhance security and streamline the user experience on the Emara Tax Portal.
Action Required:
Please let us know if we can help to register in the UAE Pass and link the accounts together.
Recent changes in Saudi labor law now allow employees to resign from fixed-term employment contracts early. These reforms provide more flexibility and increase mobility in the labor market, contributing to a more dynamic working environment in Saudi Arabia.
Tax audits in the UAE often trigger apprehension among businesses due to the country’s rigorous tax compliance regime. This article outlines the legal foundation of tax audits under UAE law, delineates the rights of both the Federal Tax Authority (FTA) and taxpayers, and provides strategic guidance for businesses to prepare effectively. Emphasizing readiness, procedural awareness, and system reliability, the article aims to foster a proactive compliance mindset among UAE-based enterprises.
The guide reflects the UAE’s intention to bring its corporate tax regime in line with international best practices, particularly the OECD’s BEPS (Base Erosion and Profit Shifting) framework, specifically Action 4, which addresses excessive interest deductions. Companies are well advised to incorporate these rules into their tax planning strategies to avoid adverse consequences and to benefit from the flexibility that the legislation offers when applied correctly.
The UAE’s new end-of-service savings model represents a forward-thinking reform that offers substantial benefits for both employees and employers. The ability to transfer gratuity funds into professionally managed investment schemes provides greater transparency and long-term financial security. Companies interested in participating should proactively adjust their internal processes to take full advantage of this innovative model.
