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UAE's new Ecommerce Law: Consumer and user data protection scaled up, says Minister

Dubai is set to enhance consumer rights protection in e-commerce transactions with the introduction of new 'Executive Regulations'. These regulations are a part of the UAE's comprehensive Federal Decree No. 14 of 2023, which was issued in December and covers commerce utilizing modern technology. A high-ranking official from the Ministry of Economy stated that the UAE e-commerce law is among the most significant legislative advancements made in the past three years. This law not only aims to protect consumers but also outlines potential penalties for e-commerce and digital trade businesses that violate these protections.

https://gulfnews.com/business/retail/uaes-new-ecommerce-law-consumer-and-user-data-protection-scaled-up-says-minister-1.1709797103615

Finance news

Federal Tax Authority issues new Decision on specified timeframes for Corporate Tax registration

The timeframes were outlined in a new Decision issued by the FTA regarding the deadlines to apply for registration under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments, which came into effect in June of last year and applies to Tax Periods starting on or after 1 June 2023.

https://tax.gov.ae/en/media.centre/News/federal.tax.authority.issues.new.decision.on.specified.timeframes.for.corporate.tax.registration.aspx

2024-03-07

Finance news

Tenants in Dubai's mid-market residential areas now getting 'revised' rental increases

Dubai: As lease renewal periods come up, tenants in Dubai are encountering significant rent escalations, with property owners adjusting rental charges to align with ‘market norms’. Consequently, landlords are implementing up to a 20 per cent increase in rent wherever feasible.

https://gulfnews.com/business/property/tenants-in-dubais-mid-market-residential-areas-now-getting-revised-rental-increases-1.1709696501566

2024-03-07