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The United Arab Emirates [c] (UAE), or simply the Emirates, [d] is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula.It is a federal, elective monarchy composed of seven emirates, with Abu Dhabi as its capital. [16]
The tax rate on long-term gains was reduced in 1997 via the Taxpayer Relief Act of 1997 from 28% to 20% and again in 2003, via the Jobs and Growth Tax Relief Reconciliation Act of 2003, from 20% to 15% for individuals whose highest tax bracket is 15% or more, or from 10% to 5% for individuals in the lowest two income tax brackets (whose highest ...
A Norwegian passport (Norwegian: norsk pass, Northern Sami: norgga pássa) is the passport issued to nationals of Norway for the purpose of international travel. Beside serving as proof of Norwegian citizenship, they facilitate the process of securing assistance from Norwegian consular officials abroad (or public officials in the mission of another Nordic country in case a Norwegian consular ...
All businesses in the UAE, including exempt, free zone and zero-rate businesses are required to register for federal corporate taxes. [20] Some emirates, including Dubai and Abu Dhabi charge a 20% flat corporate tax on the income of foreign banks based within their emirates. [21]
After 5 months of non-payment of any amount, the non-filing penalty is reduced in full, however, the non-payment penalty is capped at 25%. Finally, in case the return has been filed more than 60 days late the charges can reach up to USD 485 after December 12, 2023. [130] Failure to pay penalty
Payment in offline mode through sound-based proximity data communication. As per NPCI, some of the early use cases involve FASTag recharges, insurance payments, and EMI collections. As of 20 September 2022, Ultracash Technologies in collaboration with Bharat Petroleum helped 200,000 active users make LPG booking and payment through UPI 123PAY. [64]
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