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Tax

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UAE's decision on 'tax residency' comes into effect.

UAE’s decide on ‘tax residency’.

The resolution clarifies certain rules set out for natural persons and legal persons residing in the Emirates. It lays down rules which determine as to when a person, whether natural or legal, may be considered as a tax resident in the UAE. The rules have been framed in consonance with internationally recognized standards and are set to come in force from March 1, 2023.
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