iPhone | iPad
Android
Huawei
Photonics is the study of light and has several applications including LED, VR, holograms, high-speed internet and solar panels among other things
KT APPDOWNLOAD
UAE launches digital public consultation on implementation of Global Minimum Tax
The consultation will be open from March 15 to April 10, and accessible via the website of the Ministry of Finance
The UAE Ministry of Finance (MoF) announced the launch of a digital public consultation to gather the views of relevant stakeholders on the implementation of the Global Minimum Tax (GMT) or Global Anti-Base Erosion Model Rules (Pillar Two) (GloBE Rules) as well as other tax matters. The consultation will be open from March 15 to April 10, and accessible via the ministry's website or the UAE's Government Portal.
The digital public consultation reflects the ministry's belief in the importance of consulting with all stakeholders including the multinational groups operating in the UAE, advisors, service providers, and investors.
The consultation is split into two parts — the first is to gather the views of stakeholders concerning the potential policy design options for the implementation of the GloBE Rules in the UAE, in particular the development of a domestic minimum tax. The Organisation for Economic Co-operation and Development (OECD) has published the GloBE Model Rules that serve as the model legislation for jurisdictions wishing to implement qualified rules.
The second part of the consultation is to understand stakeholders' views on the introduction of substance-based incentives to be applied in the UAE, which would form part of the UAE Corporate Tax regime.
To familiarise stakeholders with the rules and to ensure informed feedback is received, the ministry has issued a Global Minimum Tax briefing document alongside the consultation.
More news from UAE
They have been carrying out rescue operations for the last four years, drawing on their extensive experience in saving people from desert terrain
Doctors urge residents to take such situations seriously: 'Sharp objects can pierce the food pipe and can migrate into areas like the chest, causing further complications,' an expert says
We matchmade people within the same buildings so they could stay safely inside and share resources, Rana Hajirasouli, founder of the company, said
The Environment and Natural Reserves Authority urged the public to verify information from official sources
Medical teams swiftly transferred the 16th batch to hospitals for treatment
Arabella was recently recognised with a gold medal at the first edition of the Sheikh Hamdan bin Zayed Environmental Awards
Post the Covid pandemic, the Emirates has emerged as one of the most popular spots for destination weddings
