Financial

A New ERA for United Arab Emirates Introduction On 31 January 2022, the Ministry of Finance (MoF) of the United Arab Emirates (UAE)announced that the UAE will introduce a Federal Corporate Tax (CT) on businessprofits that will be effective for financial years starting on or after 1 June 2023. Among its 70 Articles and 20 […]

Employee Stock Option Plan (ESOP) ESOP is compensation for employees, often in the form of employee stock options, linked to the value of the employer’s stock. It is typically awarded in addition to cash-based compensation to align employee interests with those of the company’s shareholders, to attract and retain key personnel. The treatment of ESOP […]