Tax rules relaxed, penalties reduced in the UAE The cabinet also approved the issuance of a decision regarding the requirements of the Natural Person Insolvency
India latest offer on double-taxation relief to NRIs who overstayed because of pandemic
Dubai: The Indian government has agreed to provide relief from double taxation to Indians living abroad who had to stay in India beyond their tax exemption stay limit on account of disruptions caused by the COVID-19 pandemic.
India’s Central Board of Direct taxes (CBDT) received many representations requesting for relaxation in determination of residential status for the financial year 2020-21 from individuals who had come to India during 2019-20.
They intended to leave India again, but could not do so due to the suspension of international flights during the lockdown caused by the pandemic.
The CBDT asked any individual facing double taxation to furnish the information about their stay in India by March 31, “This form is to be submitted electronically to the Principal Chief Commissioner of Income-tax (International Taxation).”
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Registration for non-financial entities, individuals for Anti Money Laundering in the UAE extended until April 30
Registration for non-financial entities, individuals for Anti Money Laundering in the UAE extended until April 30 Decision due to the large numbers of companies in