The UAE will introduce a 9 per cent corporate tax on business profits of more than Dh375,000 ($102,000) from June 1, 2023, the Finance Ministry said, in a major change of course, as the country seeks to diversify its income. For the UAE, the regional headquarters for a swathe of multinationals, the move marks a … Read more
KARACHI: The National Clearing Company of Pakistan Limited (NCCPL) on Thursday announced it will collect capital gains tax (CGT) on the disposal of shares for September 2021 on Friday, November 19, 2021. “The aggregate amount of CGT arising on disposal of shares at [the] Pakistan Stock Exchange for the period September 1, 2021 to September … Read more
As per the presidential legal counsel, the government of El Salvador will exempt investors from giving a capital gains tax and an income tax on Bitcoin (BTC). The legal consultant of President Nayib Bukele, Javier Argueta, is looking to inspire foreign investment through main tax breaks on BTC. “If a person has assets in Bitcoin … Read more
KARACHI: The government has decided to provide a major relief to capital market investors by reducing the capital gains tax (CGT) rate from the existing 15 per cent to 12 per cent in the upcoming budget 2021/22, sources said on Saturday. The sources in the Ministry of Finance said the proposal of major relief to … Read more
