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Tax

Israel Real Estate Tax Regime for 2022

Israel Real Estate Tax Regime for 2022

As of 1 January 2014, the new land appreciation tax was put in force by the Israel Tax Authority, and by January 2022, a new acquisition tax came into effect. The subsequent increase of purchase tax now requires multiple homeowners in Israel as well as foreign...

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The United Arab Emirates Introduces Corporate Tax

The United Arab Emirates Introduces Corporate Tax

On 31 January 2022, the United Arab Emirates announced that all seven emirates will be enforcing federal Corporate Tax on business profits. This means that UAE-based companies will be assessed with corporate tax starting 1 June 2023.  The announcement is evidence of...

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