STA Law Firm has a team of settlement experts to represent secured creditors, debtors, trustees, equity holders and suppliers....
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Read more informationIn today’s competitive business environment the mining industry is becoming a very attractive option for foreign investors. New projects are being launched, but we can appreciate that foreign investors will find the mining industry......
Read more informationSTA lawyers recognize that the healthcare industry comprises of a variety of individuals, professions, teams and organisations that may need our legal services. We have considerable knowledge and experience......
Read more informationClients rely on and trust STA's banking lawyers to take a timely, practical and individually tailored approach to meet specific requirements of our clients. ...
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Read more informationSTA’s seasoned team of property lawyers in Dubai, Abu Dhabi and across the UAE have thorough and extensive knowledge and experience in dealing with construction and real estate law matters. Learn more about our expertise and our team of property lawyers...
Read more informationSTA's lawyers in UAE specialize in all areas of contentious as well as non-contentious discipline in oil and gas industry and advice on both upstream and downstream work. Consult one of our Senior Energy Lawyers in Dubai or other offices today!...
Read more informationCombining variety of practice disciplines to provide extensive advice and counsel to clients, STA’s FMCG practice represents companies in a broad range of industries including large scale franchisors, Fortune 250, and multinationals ...
Read more informationShipping and Maritime Law Firm - UAE, Middle East, Asia and Europe. Expert advice on ship building, ship fiance, sale and purchase, compliance, due diligence and more. Our lawyers advice on all types of vessel including bulk carriers, tankers, cruise ships, offshore rigs and support vessels....
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Read more informationOman: Royal Decree Number 43 of 2020 recognizing the Organizational Structure of the Tax Authority
The Royal Decree Number 42 of 2020 was brought into effect by the Tax Authority of Oman and recognized the organizational structure thereof. It lays down that the Chairman of Tax Authority shall exercise the powers and prerogatives laid down in the Income Tax Law and the Selective Tax Law. The Decree further bestows upon him the responsibility to determine exemptions from the Income Tax Law. The Chairman has all those powers dedicated to the Minister Responsible for Financial Affairs as cited in the aforementioned Laws (Article 3).
In addition to this, the Chairman is also responsible for issuance of regulations and decisions for the enforcement of the Decree’s provisions. Until such issuance is made, the existing regulations shall continue to be implemented (Article 4). The Decree further clarifies that Article 5 thereof, cancels contradictions to this Decree and its attached system or anything that contravenes its provisions.