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Read more informationUAE: New Stored Value Facilities Regulation (SVF) The Central Bank of UAE has issued new regulations, published in the Official Gazette on 15th October 2020. The regulations aim to support digital payment services (for example, e-wallets and prepaid cards) in the UAE with effect from 15th November 2020 and therefore…
Read moreUAE: Employment and Immigration Laws The UAE has relaxed the rules regarding Tourist Visas as part of their Expo 2020 objective. The Prime Minster of UAE announced in January 2020 that the time limit of the multi entry visit tourist visa shall be increased from 90 days, to a period…
Read moreUAE: Family Law Amendments The UAE government has recently introduced new amendments in the area of family law and other spheres concerning people’s daily life. These amendments aim to reform laws related to divorce and inheritance, alcohol consumption, suicides and also aims to introduce stricter punishments for harassment of women.…
Read moreDubai: Fractional Title Deed The Dubai Land Department announced an initiative to implement a fractional title ownership regime with the aim to attract investors in the hospitality industry as well as other small investors to the Emirate. A fractional title deed basically entails division of an individual property into either…
Read moreOman: Royal Decree 118/2020 amending provisions of the Income Tax Law On 26th November 2019, Oman signed several international agreements regarding tax, the agenda behind these agreements was to facilitate ease of information exchange in the realm of tax. Thereafter, significant changes were brought about in the Income Tax Law…
Read moreUnified Tax Procedures Law introduced by Egypt Law No. 206 of 2020 was published in Egypt’s Official Gazette on 19th October 2020 which introduced consolidated tax procedures for the assessment and collection of tax. These are applicable for income tax, stamp tax, state development tax, value-added tax and any other…
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