Page 2 - ICAI UAE TAX UPDATE_October 2024

INDEX

1. MANAGEMENT COMMITTEE DETAILS ........................................................................................ 3

2. FROM THE DESK OF THE CHAIRMAN ........................................................................................ 4

3. UAE TAX UPDATES ....................................................................................................................... 5

3.1 Corporate Tax Guide on Real Estate Investment for Natural Persons ............................ 5
3.2 Corporate Guide on Tax Resident and Tax Residency Certificate...................................... 7
3.3 Recent Amendment to UAE VAT Executive Regulation of Federal
Decree-Law No. 8 of 2017 on VAT under Cabinet Decision 100 of 2024......................... 10

4. OTHER TAX UPDATES ..................................................................................................................17

4.1 GCC Updates – October 2024 ............................................................................................17

5. INVITATION TO WRITE ARTICLES FROM MEMBERS ................................................................. 19

For comprehensive information on UAE Corporate Tax, please refer to the following links:

UAE Corporate Tax Legislation

https://tax.gov.ae/en/legislation.aspx

FTA Guides on Corporate Tax

https://tax.gov.ae/en/taxes/corporate.tax/corporate.tax.guides.references.aspx

DISCLAIMER

The material and information contained herein, prepared by the ICAI (Dubai) Chapter NPIO, are intended for the members of the ICAI (Dubai) Chapter to provide
latest updates and insights. It is not intended to be an exhaustive treatment of any subject matter. The ICAI (Dubai) Chapter, by means of this material, is not rendering
any professional advice or services. This update should not be relied upon as the sole basis for any decision-making which may affect you, your business, or any third
party.This update should neither be regarded as comprehensive nor sufficient for the purposes of any decision-making.The views expressed in this update are solely
those of the authors and contributors. The UAE TAX UPDATE Newsletter is a peer-reviewed magazine presented by the ICAI (Dubai) Chapter, and while efforts are
made to verify the originality of the content submitted by the authors, the ICAI (Dubai) Chapter or the management committee members do not warrant its accuracy
or authenticity and will not be responsible for any decisions taken based on the materials.This newsletter is intended solely for members of the ICAI (Dubai) Chapter
and is not intended to be used or sold or re-sold or referred to any party. This magazine shall not be used as a reference point for any decision making.

2 www.icaidubai.org

UAE TAX UPDATE NEWSLETTER ISSUE 07 - October 2024