Court Uncourt Magazine - Volume VI Issue 6

In this issue

Gulf Cooperation Council (GCC), colloquially also known as the Cooperation Council for all Arab States of the Gulf, is an attractive destination for investors for foreign investment given its strategic geographical location, comprehensive and unambiguous regulations, as well as its unique system of Free Zones. With the increase and expansion in businesses in various sectors in the region, tax regulations become an intricate component. The tax regulation is continually evolving with the shifting socio-economic needs, both jointly and domestically. The GCC Value Added Tax (VAT) Agreement was signed by all the GCC countries, and the taxpayers have been provided with comprehensive rules to understand their obligations as well as its impact on various businesses. Additionally, it is essential to understand the tax regulations with regards to corporate tax, personal income tax, customs duty, withholding tax, excise tax, stamp duty, etc. Furthermore, the impact it has had on various Free Zones that have separate rules and regulations for internal operation whilst boosting the economy. Tax regulations in the GCC have also lengthily highlighted the tax exemptions. The laws generally branch into various aspects including employment, cross-border transactions, international trade, etc. and the tax regulations therein.
In this Issue of Court Uncourt, our lawyers will elaborate on an array of legal matters including Tax Regulations in the GCC, UAE Regulation concerning Dormant Bank Accounts, Domain Name Protection in the UAE, Insanity Plea, Arbitration Proceedings in Nigeria, Patenting of Artificial Intelligence, Regulations on Association Health Plan in United States of America, Regulatory Update in Turkish Capital Market, etc. Through this information outlet, we intend to keep our readers updated on the latest legal developments around the world. Thank you, and we hope you have an insightful read of this issue of Court Uncourt.