Thought leaders, economic experts, government officials, and private sector representatives gathered at the International Tax Forum (ITF), organized by the Ministry of Finance of the UAE, to discuss pivotal issues impacting the global tax landscape.

International Holdings Company - IHC, a global investment firm focused on creating dynamic value networks, announced its preliminary financial results for the full year 2024. The company’s revenue reached AED 92.8 billion, representing a significant increase of 54.4% compared to AED 60.1 billion in 2023.

The Federal Tax Authority (FTA) of the UAE has urged registrants who have not yet updated their tax records to take advantage of the UAE Cabinet’s decision to grant them a grace period that exempts them from administrative fines.

The Federal Tax Agency (FTA) in the UAE has announced that taxpayers who fail to pay their corporate tax arrears for any month or part thereof will be subject to a monthly penalty of 14 percent per annum.

The UAE announced that it has successfully concluded the final round of negotiations with Russia to agree on the prevention of double taxation on income and capital.