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Mohammed bin Rashid amends Law on Judicial Authorities in Dubai, promotes several judges and members of Public Prosecution

In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (24) of 2022, partially amending Law No. (13) of 2016 concerning the Judicial Authorities in Dubai. Pursuant to the new Law, the Judicial Inspection …

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UAE issues Federal Decree-Law on corporate tax – 9% rate for taxable business profits exceeding AED375,000

The UAE issued Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses (the “Corporate Tax Law”). Businesses will become subject to UAE Corporate Tax (“Corporate Tax”) from the beginning of their first financial year that starts on or after 1 June 2023. The UAE’s Corporate Tax regime …

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