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Sharjah, UAE

PO Box: 31917

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Posts by: ABIA Consultancy
September 27, 2017
VAT could mean higher costs for banking services

Indications from the new tax law announced last week point to a system that UAE banks and financial institutions will have both exempt as well as taxable supplies. Indications from the new tax law announced last week point to a system that UAE banks and financial institutions will[…]

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September 5, 2017
New UAE bankruptcy law to be operational in early 2017

The new UAE bankruptcy law approved by the UAE Cabinet this week is likely to come into effect early next year.Obaid Humaid Al Tayer, Minister of State for Financial Affairs, told a press conference that the law will come into effect three months after its publication in the[…]

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August 10, 2016
New requirements will not imperil offshore formation

Under CRS – similar to the Foreign Account Tax Compliance Act introduced by the US to tackle tax evasion and target sources of undeclared wealth. Foreign financial institutions (FFIs) will be required to report financial information to local tax authorities and the central bank. The latter will then[...]

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