New UAE tax law brings clarity on VAT
The UAE had announced its intention to the introduce value added tax (VAT) in the country starting January 1, 2018. The issuance of the final tax law has set the stage for implementation of VAT and meeting the implementation deadline.
New legislation in Abu Dhabi for divorce, marriage and inheritance matters
Regulators in Abu Dhabi will offer the option for non-Muslim expatriates in family and inheritance matters to move away from the otherwise mandatory application of Shariah law.
Exemptions from VAT
Residential property in the UAE, some financial services, undeveloped land and local transport will be exempt from value-added tax (VAT), which will be introduced at a rate of 5 per cent on January 1 next year and is expected to boost GDP by about 1.5 per cent.
Expanding DIFC’s Jurisdiction
The Dubai International Financial Centre has announcement the expansion of DIFC’s jurisdiction to include a project called Emirates Towers Business Park
The development is the result of mutual collaboration between Dubai Holding and DIFC, in response to the increasing demand from international corporations looking to set base in Dubai’s thriving business environment and benefit from the Centre’s world-class legal and regulatory framework.
Organ donation from deceased now legalized in UAE
Organ donation procedures in the UAE must be in accordance with Law No. 15 of 1993 Regulating the Transfer and Transplant of Human Organs, Ministerial Decision No. 566 of 2010 on Implementing the Regulation of Federal Law No. 15 of 1993 Regulating the Transfer and Transplant of Human Organs and Unified Guide to Organ Transfer and Transplant in the GCC.
The law prohibits trafficking of human organs. Sheikh Khalifa Medical City in Abu Dhabi is the only authorised organ transplantation centre in the UAE.