Panel discuss optimisation, investment and compliance under new governing laws

January 28,2025: Dubai, UAE: A panel of experts convened by the British Chamber of Commerce Dubai (BCCD) has revealed some of the challenges and opportunities for businesses operating under the new UAE corporate tax system. Following recent updates to governing laws, the panel discussion explored a range of themes, including tax optimisation, boosting foreign investment, and streamlining processes for compliance.

Opening the event, Dr. Peter Wilson, Founder and Global Tax Advisor at PB First Global Tax, provided an overview of the updated regulations issued in the Ministerial Decision of December 2024, highlighting changes in tax grouping compliance compared to the Ministerial Decision issued in 2023. Dr. Wilson also discussed the scope of the recently introduced Domestic Minimum Top Up Tax (DMTT), as well as its provisions for refundable tax credits for R&D and high value employment activities.

Experts reveal incentives and cost savings linked to green practices in the Nature Emirate

October 15,2024 , Dubai, UAE: Representatives from the government and private sectors in Ras Al Khaimah (RAK) have revealed the pioneering measures being implemented to promote greener business practices in the Nature Emirate. In a panel discussion convened by the British Chamber of Commerce Dubai (BCCD), business founders highlighted the benefits of setting up in RAK, while representatives of the municipality and local agencies explained the cost savings and incentives for organizations committing to sustainable operations.