There are a number of factors that cause the cancellation or revocation of a trade license in Sharjah business zone. Conducting a complete liquidation procedure is often a complex task for corporations, enterprise units close their roles during this process, and the firm’s assets and capital are distributed among the shareholders. Thus, it is essential to avail the services of UAE-accredited liquidators to seamlessly terminate a trade license and to enforce compliance with the regulatory authorities regulations and standards. Farahat & Co is a trusted and reputable liquidation firm in the UAE that offers streamlined liquidation services.
Ministerial Decision No. 265 of 2023: Key Insights on Qualifying and Excluded Activities under UAE Corporate Tax Law
The United Arab Emirates (UAE) has implemented major changes regarding taxation with the implementation of Federal Decree-Law No. 47 of 2022 for the Taxation of Corporations and Businesses. To provide further clarity on this regard, concerning specific business activities, Ministerial Decision No. 265 of 2023 was issued by the Ministry of Finance to clarify Qualifying … Read more
