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03 Feb 2018

Legal Update: Tax Invoice under UAE VAT Law

LEGAL UPDATE ON TAX INVOICE Tax Invoice is a written or electronic archive in which the taxable person records complete details of taxable supplies made during the financial year. The Federal Law Number (8) of 2017 concerning the Value Added Tax (the VAT Law) sets down the necessary elements required…

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11 Jan 2018

Legal Update: New Cabinet Decision on VAT

Ministry of Finance Issues Cabinet Decisions for Implementation of VAT The Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum on 9 January 2018 issued two Cabinet Decisions. The Cabinet Decision Number 59 of 2017 concerning the Designated Zone (the Cabinet Decision for…

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04 Dec 2017

Abu Dhabi Issues Law Number 13 of 2017 Concerning Judicial Fees

Legal Update: Abu Dhabi issues Law Number 13 of 2017 concerning Judicial Fees On 26th July 2017, His Highness Sheikh Khalifa Bin Zayed Al Nahyan, as the ruler of the Emirate of Abu Dhabi issued Law Number 13 of 2017 regarding the Judicial Fees payable in the Emirate (the New…

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12 Nov 2017

Dubai issues Law Number 15 of 2017 concerning inheritance, wills, and probate for non-Muslims

12 November 2017. His Highness Sheikh Mohammad bin Rashid Al Maktoum has implemented Law Number 15 of 2017 on inheritance, wills, and probate for non-Muslims living and working in the Emirate of Dubai (the Law). The law affirms that foreign non-Muslims expats can now register wills in English by virtue of…

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23 Oct 2017

ADGM issues Guidelines regarding Initial Coin or Token Offerings

The Abu Dhabi Global Markets (ADGM) issued the Guidelines concerning the use of Initial Coin or Token Offerings (the ICO Guidelines) on 9 October 2017 to regulate fund-raising through coin or taken sale including the use of virtual currencies. These guidelines were issued by the Financial Services Regulatory Authority (FSRA)…

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22 Aug 2017

UAE issues Federal Decree Law Number 7 of 2017 on Excise Tax

Legal Update: The United Arab Emirates introduces Excise Tax Law United Arab Emirates (the UAE) have promulgated the new Excise Tax Regulation. The new law comprised of eleven chapters and 30 sections aims at imposing the tax on 'Excise Goods". The term 'Excise Goods' is defined as 'Goods that will be…

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