THE GULF TALK

A taxable individual might hold investments in the share capital of resident and nonresident juridical persons. If this investment equals or exceeds five percent or four million dirhams in the capital of a juridical person, it constitutes participation. Returns from participation encompass dividends, profit distribution, gains/losses from investment disposal, impairment gains or losses, and foreign exchange gains or losses. The income stemming from participation can either be exempt from the UAE Corporate Tax law (“CT law”) or taxable.

Tragedy struck in southern Pakistan as a train derailment claimed the lives of at least 30 people and left around 100 others injured, as confirmed by a police spokesperson. The Hazara Express suffered the derailment near the Sahara railway station in Nawabshah, located about 275km (171 miles) away from Karachi, the nation’s largest city.

Unexpected Conclusion for Megan Rapinoe as She Retires from Global Stage.

Megan Rapinoe’s exit from the world of football wasn’t scripted this way. Expressing her disappointment as a “dark comedy” and a “sick joke,” Rapinoe, a two-time Women’s World Cup champion, bid an emotional farewell to the global stage after 17 years of dedicated service to the Stars and Stripes.

In a recent statement, Elon Musk revealed that X, previously known as Twitter, will cover the legal expenses of individuals who face unjust treatment from their employers due to their engagement on his social media platform. Musk assured users that there will be no restrictions on the financial aid provided.

The Islamic State of Iraq and the Levant (ISIL), also known as ISIS, has…

During the peak of the summer season and school vacations in the UAE, a…

The shocking 1-1 draw with South Korea in Brisbane confirmed Germany’s unexpected exit from the Women’s World Cup, leaving players devastated and struggling to process the outcome. Captain Alexandra Popp expressed her bewilderment, putting her hands on her head in disbelief, unable to grasp what had just happened.

Japan’s Finance Ministry has issued a rare English-language post on social media platform X (previously known as Twitter), calling on the company to take down an account that impersonated Masato Kanda, the top currency diplomat. The ministry advised users not to follow or comment on the account, stressing the importance of its removal.

Gal Gadot puts doubts to rest as she confirms her role in Wonder Woman 3 under the new leadership of James Gunn and Peter Safran at DC Studios. Fans can now breathe a sigh of relief as the actor shared her excitement about continuing to portray the beloved superhero.

Indian rupee experiences further depreciation against the UAE dirham as the market opens on Thursday, reaching around Dh22.47 ($82.7) compared to the range of 22.43-22.44 on the previous day (Wednesday).