Tax Procedures Law.. Data that must be included in the electronic invoice
Law No. 206 of 2020, promulgating the Unified Tax Procedures Law, requires every financier, taxpayer, and others required by the law to issue a tax invoice or professional receipt for those who practice a self-employed profession when selling a good or performing a service, as the case may be. The law stipulates that the invoice […]
Read MoreLearn about tax registration procedures.. The law explains
The Unified Tax Procedures Law, promulgated by Law No. 206 of 2020, specifies tax registration procedures, as Article 25 of the law stipulates that every taxpayer or taxpayer must submit to the competent tax office an application for registration within thirty days from the date of starting the activity or from the date of submission. […]
Read MoreWaiver of the public store license. Find out the details in the law
The Public Stores Law promulgated by Law No. 154 of 2019 permitted the waiver of a public store license, and this is what was explained in detail in the executive regulations of the law. The executive regulations stipulate that the concerned parties must submit the application to the competent center on the form prepared for […]
Read MoreAllocating 30% of the lands of industrial zones to small projects.. Details
The executive regulations of the Micro, Small and Medium Enterprises Development Law stipulate, in Article (2) of Chapter One “Procedures for Allocation of Real Estate” of Chapter Two “Facilitating Procedures for Initiating Transactions,” that the authorities having jurisdiction over vacant lands in industrial and tourist areas and urban communities must commit to Agricultural reclamation lands […]
Read MoreRaising the exemption limit from 40,000 to 60,000 pounds.. “Representatives” approve amendments to the “income tax”
During the plenary session, today, Monday, the House of Representatives finally approved a draft law amending some provisions of the Income Tax Law, by raising the tax exemption limit to 60,000 pounds instead of 40,000 pounds, and implementing it from the first of next March. During the session, Dr. Fakhri Al-Feki, Chairman of the Plan […]
Read MoreMinister of Finance: A supplementary agreement for the protocol to avoid double taxation and prevent evasion with the UAE
We are keen to enhance economic and investment cooperation opportunities in light of the growing bilateral relations between the two brotherly countries Dr. Mohamed Maait, Minister of Finance, confirmed that the supplementary agreement for the Protocol to Avoid Double Taxation and Prevent Evasion of Income Tax, which was signed with the Emirati side on the […]
Read MoreThe fundamental differences between the shares of founding partners in joint-stock companies and stocks.. Parliamentarian
The “Parliamentary” website, which specializes in legislative and parliamentary affairs, monitored in a report entitled: “For investors… What are the fundamental differences between the founding shares of partners in joint-stock companies and stocks?”, during which it reviewed 3 differences identified by the legislator, the most prominent of which are the share and the instrument. It […]
Read MoreKnow how to obtain the commercial register for individuals and companies in accordance with the law
Trade Law No. 17 of 1999 established several procedures and conditions for issuing the commercial register and registering in it, as Article 31 of it stipulates that a register shall be prepared in the competent administrative authority in which the names of merchants, whether individuals or companies, are recorded, and they apply with regard to […]
Read MoreLearn about the controls for conducting an individual employment contract in accordance with the law
Labor Law No. 12 of 2003, as amended by Law No. 180 of 2008, specifies the controls for conducting an individual employment contract, as Article 32 of the law stipulates that the employer is obligated to write the employment contract in writing in the Arabic language in three copies, the employer keeps one and delivers […]
Read MoreConditions for obtaining a certificate of enjoyment of small and medium enterprise incentives
The Small, Medium and Micro Enterprise Development Law stipulates a number of controls that must be met in order to obtain a certificate of enjoyment of the incentives stipulated by the law, in accordance with Article 94. The law stipulates the necessity of following these controls and conditions to obtain this certificate as follows:
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