Page 4 - ICAI UAE TAX UPDATE_October 2024

From the Desk of The

CHAIRMAN

Dear Esteemed Members,

I am pleased to present October 2024 month's edition of our tax updates newsletter. The
dynamic tax environment continues to shape how we approach compliance, planning,
and decision-making in our professional roles. This issue brings you insights into key
developments and practical guidance tailored to the needs of our members.
This month, our featured topics include:

• Corporate Tax Guide on Real Estate Investment for Natural Persons: A
comprehensive guide addressing corporate tax implications for natural persons
engaged in real estate investments. It provides clarity on the taxation framework,
offering a roadmap for effective tax planning and compliance.

• Corporate Guide on Tax Resident and Tax Residency Certificate: With the growing
importance of understanding tax residency in a globalized world, we delve into the
criteria for tax residency in the UAE and the process of obtaining a Tax Residency
Certificate.

• Recent Amendments to UAE VAT Executive Regulation: We explore the significant
changes introduced under Cabinet Decision 100 of 2024, providing a detailed
breakdown of their implications for businesses operating under the UAE VAT regime.

These updates reflect our commitment to equipping members with timely and practical
knowledge to navigate complex regulatory landscapes. The editorial team and contributors
have worked diligently to ensure this publication remains a valuable resource.

I encourage you to share your thoughts and feedback to enrich this platform further. Together,
we continue to strengthen our community of professionals and foster a culture of learning
and excellence.

Thank you for your continued support and engagement with the ICAI (Dubai) Chapter.

Warm regards,
CA Rajesh Somani
Chairman,
ICAI (Dubai) Chapter NPIO

4 www.icaidubai.org

UAE TAX UPDATE NEWSLETTER ISSUE 07 - October 2024