The Ministry of Finance (MoF) has announced the issuance of Cabinet Decision No. (55) of 2025 on Exempting Certain Persons from Corporate Tax for the purposes of Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses. The decision expands the scope of the corporate tax exemption to include foreign entities that
Tesla is reeling from a huge slump in sales amid a political backlash against founder Elon Musk – Frederic J Brown/Getty Images Tesla’s finance chief was paid a record $139m (£104m) last year despite collapsing sales at the electric carmaker. Vaibhav Taneja, who has worked at Tesla since 2017 and took over as chief financial
The boss of one of the UK’s biggest banks has claimed there is no evidence customers were “harmed” as a result of the ongoing car finance compensation scandal. Charlie Nunn, head of Lloyds Bank, stressed investigations had shown customers had not been unfairly treated despite a probe into the sector by the Financial Conduct Authority (FCA).
The current timeline to lodge Value Added Tax (VAT) refund claims in the VAT Act (2013) is 24 months from the date tax was due Section 32 of the bill, published on parliament’s website, aims to change this provision through amendments, reducing it to 12 months If tax payments were made in error, refunds are
As we approach the midway point of the year, now’s a great time to reflect on your finances and ensure you’re making the most of your workplace benefits. By taking the time to understand the role that your finances play in various aspects of your life — from work, education and family, to health, retirement
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investment banking is a people business. Clients pay generous fees in the hope of getting smart advice from analytical thinkers; relationships are managed deftly by silver-tongued advisers. An experiment by UBS raises the question of
G7 finance officials meeting in Banff amid US tariff pressure US won’t sign G7 statement unless it aligns with Trump priorities G7 seen uniting around Ukraine, IMF and World Bank, money laundering Climate change issues seen as source of discord Meeting will set stage for G7 leaders’ summit in June BANFF (Canada), May 20 —
I recently returned from a research trip to Lahore, Pakistan. Despite having visited the city several times before, every time I step out of Allama Iqbal International Airport, I’m still taken aback by the crowds waiting to receive their loved ones with bouquets, wide smiles and warm hugs in the arrivals section. The air feels
WASHINGTON, D.C. — U.S. Sen. John Barrasso recently re-introduced legislation aimed at forcing the World Bank to roll back what the senator characterizes as anti-fossil fuel policies in its quest to bring electricity to millions of people without power across the developing world. The “Combating Global Poverty Through Energy Development Act” would require the World
Deputy Minister for Finance, Thomas Nyarko Ampem with members of the new NIC Board The Minister for Finance, Dr Cassiel Ato Forson has charged the newly inaugurated Board of the National Insurance Commission (NIC) to expand insurance coverage and access to all segments of Ghanaian society, with a particular focus on the informal and agricultural