In Dubai, individuals who own multiple sole-ownership com’Blue Beetle’ Ousts ‘Barbie’ from Box Office…
Category:
Business
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A taxable individual might hold investments in the share capital of resident and nonresident juridical persons. If this investment equals or exceeds five percent or four million dirhams in the capital of a juridical person, it constitutes participation. Returns from participation encompass dividends, profit distribution, gains/losses from investment disposal, impairment gains or losses, and foreign exchange gains or losses. The income stemming from participation can either be exempt from the UAE Corporate Tax law (“CT law”) or taxable.
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Indian rupee experiences further depreciation against the UAE dirham as the market opens on Thursday, reaching around Dh22.47 ($82.7) compared to the range of 22.43-22.44 on the previous day (Wednesday).
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