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Legal Updates

15 Feb 2020

UAE’S Country-By-Country Reporting Rules

UAE’S Country-By-Country Reporting Rules The United Arab Emirates (UAE) has ratified the Base Erosion and Profit Shifting Framework in 2018. Recently, UAE’s Ministry of Finance passed Cabinet Resolution Number 32 of 2019 related to Country-by-Country Reporting (CbCR) compliance obligations (CbCR Rules) for multinational companies/entities (MNE) based in or operating from…

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13 Feb 2020

UAE Medical Liability Law gets its Implementing Resolution

UAE Medical Liability Law gets its Implementing Resolution The Cabinet Resolution No. 40 of 2019 related to Federal law No. 4 of 2016 i.e. Medical Liability Law was issued to elaborate the implementation machinery of the law. Prior to the issuance of the Cabinet Resolution, the practitioners who committed any…

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11 Feb 2020

Related Party Transactions for VAT in Bahrain

Related Party Transactions for VAT in Bahrain The Kingdom of Bahrain under Decree-Law Number 48 of 2018 (Decree-Law) is the pivotal legislation with regards to Value Added Tax (VAT) in Bahrain. Further, the Executive Regulations Number 12 of 2018 (Executive Regulations) are the elaborate rules with respect to the application…

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09 Feb 2020

DIFC Qualifying Employer Workplace Savings Scheme

DIFC Qualifying Employer Workplace Savings Scheme In the early part of the year 2019, Dubai International financial Centre Authority (DIFCA) proposed in the consultation paper to revise the end of service gratuity (ESG) regime. ESG regime was proposed to be replaced with contributions-based-savings. In February 2020, the DIFCA brought amendments…

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06 Feb 2020

Kingdom Of Saudi Arabia Introduces Anti-Spam Regulations

Kingdom Of Saudi Arabia Introduces Anti-Spam Regulations The Kingdom of Saudi Arabia’s (KSA) Communications and Information Technology Commission i.e. CITC has its primary obligation of regulation of telecom sector in the Kingdom nation. This role of CITC includes among its manifold role, one of licensing the telecom service providers (TSPs)…

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05 Feb 2020

UAE Excise Tax on Sweetened Beverages and E-Cigarettes

UAE Excise Tax on Sweetened Beverages and E-Cigarettes The UAE Cabinet in an attempt to discourage use of sweetened beverages and smoking habits of the public introduced new Excise Law regime according to which UAE would apply 50% Excise Tax on Sugar Sweetened Beverages (SSB) as well as 100% excise…

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