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[26] Entities must compute their corporate taxes annually, file returns with the Federal Tax Authority (FTA) as required, and maintain accurate records of income and expenses. Failure to comply can lead to substantial fines and potential prosecution. The corporate tax return must be filed within nine months after the end of the relevant tax period.
This acquisition made Gulftainer the largest port operator in the Middle East with regard to the number of terminals managed. [7] Sharjah Inland Container Depot. In June 2014, Gulftainer signed a 35–year concession with the Canaveral Port Authority in Florida, USA to operate and develop its container and multipurpose cargo terminal.
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise; 100% import and export tax exemptions
The Sharjah Roads & Transport Authority (Arabic: هيئة الطرق والمواصلات الشارقة), commonly known as SRTA, is the sole major independent government roads & transportation authority in the Emirate of Sharjah, United Arab Emirates. It was founded in 2014 to keep pace with development and rapid growth within the emirate.
Sharjah is the only emirate which has ports on the Arabian Gulf's west coast and east coast with direct access to the Indian Ocean. [4] In 2010, the Hamriyah Free Zone Authority (HFZA) commissioned and AED 800 million contract for infrastructure expansion and development. It was set to increase its port capacity by up to 80% upon completion. [5]
The executive authority and head of the government is the Ruler of Sharjah, Sheikh Sultan bin Muhammad Al-Qasimi. [1] The Ruler of Sharjah appoints the Sharjah Executive Council, [ 2 ] [ 3 ] which is led by the crown prince of Sharjah and is responsible for the day-to-day management of Sharjah Government agencies such as the Sharjah ...
Small business owners, independent contractors and gig workers soon will be getting 1099-K tax forms if they used any payment platform on which they had at least $5,000 in business transactions in ...
The types of Business Licenses issued in the United Arab Emirates (UAE) are professional, commercial, industrial and tourism. The professional license covers services offered by professionals, artisans and craftsmen; the commercial license covers all trading and commercial activities performed with an intention of making profit ; the industrial license covers all industrial and manufacturing ...