Dubai must possess its distinct emblem, says new decree
Dubai, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. 17 of 2023 which stipulates that Dubai must possess its distinct emblem, one that mirrors its values and principles, local media reports said.The emblem is considered the property of Dubai,...
Iran plans to strengthen penalties for violence against women
TEHRAN, IRAN - Iran's parliament has adopted proposals to toughen penalties for perpetrators of violence against women which could be voted into law within months, state media has reported.Initiated more than 10 years ago, discussions in parliament led to the adoption on Sunday of the general principles of a draft bill...
ZATCA extends period of exemption of penalties for Saudi taxpayers
Saudi Arabia's Zakat, Tax and Customs Authority has extended the period of Cancellation of Fines and Exemption of Penalties Initiative for taxpayers
UAE sets 31 Dec. deadline for availing redetermination of tax penalties
Abu Dhabi, UAE---The Federal Tax Authority (FTA) has called on registered taxpayers to benefit from the decision to re-determine administrative penalties on taxes, which are 30 percent of the total outstanding amount of penalties that were not paid before 28 June 2021. They have also been asked to ensure they...
UAE Cabinet approves penalties for flouting Nafis initiatives, programmes
Launched as part of 'Projects of the 50', the program aims to accelerate the UAE's development journey and boost the economy.​Â
Money-laundering, terror financing penalties fetch UAE $1bn
UAE authorities have collected AED3.848 billion ($1 billion) in penalties from anti-money laundering and terrorism financing offenders in 2021. The amount comprised asset seizures worth $625m, fines for non-compliance to anti-money laundering and terrorism financing regulations worth $64m, penalties on major financial institutions in the UAE worth $5.3m, tax evasion...US regulator announces $100 mn fine on crypto lender
The first-ever such case came as the Securities and Exchange Commission (SEC) looks to establish regulatory authority over digital currency services.
FTA appeals to tax registrants to benefit from extension
The Federal Tax Authority (FTA) has called on tax registrants to benefit from the Cabinet Decision to extend the grace period to benefit from the re-determination of administrative penalties on violating tax laws.
Transaction law changes will help raise UAE’s competitiveness ranking: CBUAE
Several amendments to the Commercial Transactions Law related to cheques will contribute to raising the UAE's ranking in the Global Competitiveness Index, the Central Bank of the UAE (CBUAE) said on Monday. These amendments, which will come into effect on 2 Jan. 2022, are related to the decriminalization of cheques,...Saudi to punish expats who engage in jobs for personal benefit
The punishments could include monetary penalties, imprisonment, and then subsequent deportation.
Saudia Arabia to amend administrative penalties for tax law violations
The changed laws are also expected to support tax registrants and help them fulfil their tax obligations
