Monthly Tax insights and updates – October 2022
November 9, 2022
Discover HLB HAMT’s monthly insights and updates across tax-related matters that will help you stay current on developments. The information provided will help you see opportunities and make assertive, strong decisions.
New Guidelines Issued for Currency Conversion in Corporate Tax Calculations
In a move aimed at enhancing transparency and consistency in Corporate Tax calculations, the authorities have issued new guidelines regarding the conversion of amounts quantified in a currency other than the United Arab Emirates Dirham (AED).
Tax Audit Alert: FTA Implements Unannounced Audits with Strict Penalties
In a significant development in the world of taxation, the United Arab Emirates’s tax law allows the tax administration to conduct tax audits for some companies without prior notification.
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