minimum

SBP doubles minimum capital requirement for exchange houses to Rs 1 billion – Trendy Blogger

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SBP doubles minimum capital requirement for exchange houses to Rs 1 billion – Trendy Blogger

The State Bank of Pakistan (SBP) has raised the minimum paid-up capital requirement for exchange houses to Rs 1 billion, significantly tightening regulations to formalize the currency market. Dawn said the updated regulatory framework poses challenges for older companies while making it more difficult to establish new ones. In September 2023, the State Bank of … Read more

The UAE applies a minimum tax of 15% on multinational companies starting in January – Trendy Blogger

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The UAE applies a minimum tax of 15% on multinational companies starting in January – Trendy Blogger

The UAE Ministry of Finance said on Monday that the United Arab Emirates will impose a minimum additional tax of 15% on large multinational companies operating in the country starting from January, as the government seeks to boost non-oil revenues. The DMTT is part of the OECD’s global minimum corporate tax agreement signed by 136 … Read more