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UAE to Introduce New Tax Policies for Multinational Companies: What It Means for Businesses

UAE to Introduce New Tax Policies for Multinational Companies: What It Means for Businesses

The United Arab Emirates (UAE) is gearing up to implement a groundbreaking Domestic Minimum Top-up Tax (DMTT), set to take effect from January 1, 2025. Under this new policy, large multinational enterprises (MNEs) with consolidated global revenues of €750 million ($793 million) or more in two of the four prior financial years will be subject…

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