Individuals with Corporate Tax licenses issued in March or April (regardless of the year of issuance) are reminded to submit their registration applications by June 30, 2024, to avoid penalties.

A nine-day weekend as well as two four-day weekends are likely to be part of the schedule for 2024.

With the new corporate tax regime, startups and early-stage companies will face new challenges and opportunities as they depart from the UAE's tax-free commercial environment. An adaptable company will be able to navigate the new landscape with ease.

Those with expertise in IT, finance, marketing, and management could soon find new avenues open up in the hospitality and tourism industries.