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Dubai Customs: New Policy on Voluntary Disclosure

Dubai Customs: New Policy on Voluntary Disclosure

Dubai Customs New Policy on Voluntary Disclosure

The new rules for the “Voluntary Disclosure System” have been introduced by Dubai Customs through Customs Policy No. 58 of 2024. This policy requires businesses to provide prior notification on any mistake or infringement along with the customs declarations. The policy ensures transparency and compliance in businesses’ trading. Purpose of the Voluntary Disclosure System The … Read more

Tax Residency Rules in Dubai

tax-residency-rules-in-dubai

The businessmen in UAE need to understand the concept of tax residency in order to optimize corporate tax benefits. As per the UAE corporate tax law, taxable persons can be categorized as either resident or non-resident. This article explains tax residency rules in the UAE in detail. What is Tax Residency? Tax residency refers to … Read more

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