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The Ministry of Finance (MOF) issued the draft Income Tax (Amendment) (No. 3) Bill 2016, which contains the 2016 Budget proposals and country-by-country reporting (CbCR) implementation measures for public consultation. The 2016 Budget proposals include: An increase in the corporate tax rebate for years of assessment...

The Governments of Finland and the United Arab Emirates have signed an agreement on the exchange of information for tax purposes. The agreement was signed on March 27 by Younis Haji Al Khoori, Undersecretary of UAE Ministry of Finance (MoF), and Riitta Swan, the Finnish Ambassador...