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Expanding/Establishing an e-commerce business in the EU
Be aware of the ‘virtual’ permanent establishment and other fiscal pitfallsE-commerce businesses in the EU are often incorporated in a low tax jurisdiction and distribute products in all EU member states. It does not surprise that such a structure is a thorn in the side of high-tax jurisdictions, in particular when these jurisdictions are the core market for the e-commerce business. This paper will provide…
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Can an employee lose his end-of-service gratuity entitlement?
Generally speaking, an employee cannot lose his right to end-of-service gratuity. This right is mandatory and cannot be excluded in the employment contract or any Addendum hereto. The only exception is if the employee breaches his employment contract in a manner that allows the employer to terminate the employment for cause. The reasons for a…
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What double taxation agreements mean for UAE residents
The Emirates has 123 double tax treaties in force or pending, which benefit expatriates and companies. For a country with very little taxation, the UAE has a large double tax treaty network in place. With agreements in 90 countries – and 33 pending – the Emirates has more double tax treaties than countries such as…
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European Union added UAE to the blacklist of alleged tax havens. What are the consequences for investors?
From a tax perspective, the last week was quite controversial for the UAE. On March 11, the Ministry of Finance celebrated the 30th anniversary of the first double taxation agreement to protect and encourage investment. The very next day, on March 12, the European Union finance ministers agreed to add the UAE to a blacklist…
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New DIFC Employment Law Expected to Introduce Minimum Limit of 50% of Employee’s Gross Salary as Basis for End of Service Gratuity Calculation
The new law is expected to be enacted around Q1 of 2019 and to introduce significant changes to the current DIFC Employment Law (DIFC Law No. 4/2005, as amended by DIFC Law No. 3/2012) as per the consultation papers published in early 2018. For instance, it is expected that the current Article regulating the end…
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Dr. Ghassan gave students of the Institute for Entrepreneurship & Business Excellency an overview of the fiscal pitfalls of e-commerce businesses operating on an international level.
Middlesex University, Dubai. Dr. Ghassan gave students of Institute for Entrepreneurship & Business Excellency an overview of the fiscal pitfalls of e-commerce businesses operating on an international level.
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A closer look: Non-competition provisions in the UAE
In the UAE post-termination restrictions are a common practice and imposed by the employer to prevent that the employee joins a competitor after terminating the employment. Such covenants are lawful, but only to the extent which is necessary for protection of the legitimate interests of the employer. In order to be considered valid by the…
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Enforcement of Arbitration Awards in the UAE under the new Arbitration Law – As simple as it gets?
An arbitration case comes to the end with the issuance of an arbitration award to each party. If the losing party does not honour the arbitral award, the enforcement institutions of the state in which the assets of the losing party are located, need to be called. What the winning party needs to do In…
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Dr. Ghassan appointed as Visiting Professor for ‘International Taxation’ at SRH Hochschule Berlin.
Dr. Ghassan teaching ‘international taxation’ at SRH Hochschule in Berlin. The university appointed Dr. Ghassan who is an accredited tax lawyer in Germany as visiting professor for ‘international taxation’. Ghassan’s lecture covers several fiscal aspects of doing business on an international level with a clear focus on Double Taxation Agreements between the Gulf states and European countries.
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Is Your Financial Information Subject to the “Automatic Tax Information Exchange
Following the ratification of the OECD’s Common Reporting Standard (CRS) in July 2014, some 104 countries have now dedicated themselves to financial transparency. While 55 countries, including most EU countries, already started to automatically exchange information beginning January 1st, 2017, the remaining countries will do so a year later. The UAE is one of the countries that will start…
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STRAFFREIHEIT DURCH STEUERLICHE SELBSTANZEIGE - TODAY, Tuesday 30. March 7.00 PM: ‘Employment Laws and Regulations in UAE’ with Dr. Ghassan Azhari @ GoToMeeting Online
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