Our cartoonist's take on EU's plan to initiate legal action against the UK over their Northern Ireland Protocol agreement
Our cartoonist's take on EU's plan to initiate legal action against the UK over their Northern Ireland Protocol agreement


Cartoon for July 25, 2021



July 24, 2021


The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Updated: July 24, 2021, 2:00 PM