The Department of the Registrar of Companies and Intellectual Property announced the abolishment of the Levy Tax payment of the amount of 350 euros from 2024 and so on for companies that are registered under the Cyprus Registry of companies.
As per Article 51 of the UAE Corporate Tax (CT) Law, any Taxable Person shall register for Corporate Tax with the Federal Tax Authority (FTA) in the form and manner and within the timeline prescribed by the FTA and obtain a Tax Registration Number, except in circumstances prescribed by the Minister of Finance.
The Corporate Transparency Act (CTA) came into effect on 1 January 2024, and it is designed to capture more information about the ownership and control of U.S. companies and foreign entities registered to do business in the U.S., by requiring them to report Beneficial Ownership Information (BOI).
