Page 4 - ICAI UAE TAX UPDATE_MAY 2024

From the

CHAIRMAN

Dear Esteemed Members,

I am pleased to present the second edition of our monthly tax updates newsletter, building
upon the foundation laid by our inaugural issue. Our commitment to providing you
with the latest and most pertinent updates in corporate tax and VAT in the UAE remains
steadfast, ensuring you stay well-informed in this dynamic field.

This edition continues our journey of delivering crucial insights and updates. We feature
a comprehensive overview of recent developments in corporate tax and VAT, alongside
thought-provoking articles contributed by our esteemed members. These contributions
not only reflect the depth of expertise within our community but also foster a collaborative
environment for sharing knowledge and best practices.

As we delve deeper into the nuances of tax regulations and their implications, our goal is
to equip you with the tools and information necessary to navigate the complexities of the
tax landscape confidently. Staying updated is paramount, and through this newsletter, we
aim to support your professional growth and decision-making processes. Corporate Tax
provisions related to Free Zones remain evolving and continuous updates and learnings
are must.

I encourage you to actively engage with this publication by sharing your feedback and
contributing articles. Your insights are invaluable and play a crucial role in enriching our
collective understanding. Detailed guidelines for article submissions and feedback are
enclosed, and we look forward to your active participation.

Thank you for your continued support and enthusiasm for the ICAI (Dubai) Chapter.
Together, we can make this newsletter a cornerstone of knowledge and a valuable
resource for all our members.

Warm regards,

CA Rajesh Somani
Chairman
ICAI (Dubai) Chapter NPIO

4 www.icaidubai.org

UA E TAX UPD ATE NEWSLET TER ISSUE 02 - May 2024