RAILBUS and RTA Forge Partnership for Sustainable Urban Travel
Dubai is actively pursuing the introduction of an innovative, solar-powered transportation system within the city.
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RAILBUS Inc, a leader in sustainable travel technology, has formally entered into a Memorandum of Understanding (MOU) with Dubai’s Roads and Transport Authority (RTA). This collaboration is a pivotal step towards transforming urban mobility and reflects a joint dedication to eco-friendly transport solutions.
Solar-Powered Public Transport Initiative in Dubai
The agreement between RAILBUS and the RTA sets the stage for joint efforts in advancing and implementing environmentally sustainable transportation technologies throughout Dubai.
The solar-powered system developed by RAILBUS introduces an innovative model for public transportation, promoting an environmentally friendly, efficient, and economical alternative to conventional transport methods.
Abdul Mohsen Kalbat, CEO of the Rail Agency at RTA, reflected on the partnership, pointing out that working with RAILBUS aligns with their goals to implement groundbreaking solutions that enhance the quality of life in Dubai. He expressed anticipation for the potential impacts of the solar-powered transportation system on the city’s goals for sustainability and enhanced mobility.
Rawan Kamal, Partners Relations Manager at RAILBUS Inc, shared her excitement about the partnership, mentioning that it represents more than just progress—it signifies a major stride towards a future where urban centers are powered by clean, renewable energy. She noted the pleasure of partnering with an innovative organization like the RTA and looked forward to the sustainable development opportunities that might arise from this collaboration.
Main Highlights of the Strategic Alliance:
The strategic alliance emphasizes utilizing RAILBUS‘s expertise in solar-powered transport technologies to expand and enhance Dubai’s public transportation system. This initiative underscores Dubai’s commitment to environmental sustainability and aims to reduce carbon emissions within the transport sector. Additionally, the collaboration includes the launch of pilot projects designed to evaluate the effectiveness and benefits of integrating the RAILBUS system into Dubai’s existing infrastructure.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Compliance with these deadlines is crucial to avoid administrative penalties.
2 min
The UAE’s Federal Tax Authority (FTA) is urging Corporate Taxpayers to adhere to submission deadlines to avoid fines. Specifically, Resident Juridical Persons with licenses issued in May (regardless of the year) must submit their Corporate Tax registration applications by July 31, 2024, in line with Federal Tax Authority Decision No. 3 of 2024.
This decision aligns with the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments, effective from March 1, 2024. The FTA stresses the importance of meeting these registration deadlines, which have been communicated through various media channels and direct outreach to registered company owners in the UAE.
Utilizing the EmaraTax Platform
Compliance with these deadlines is crucial to avoid administrative penalties. The deadlines apply to both juridical and natural persons, including Resident and Non-Resident Persons in the UAE. Detailed information on these deadlines and other relevant issuances can be found on the FTA’s official website.
According to the FTA’s Public Clarification, Resident Juridical Persons established or recognized before March 1, 2024, must submit their tax registration applications based on the month their license was issued. Those with expired licenses as of March 1, 2024, should submit their applications based on the original issuance month. For those holding multiple licenses, the earliest issuance date applies.
Administrative penalties for corporate tax violations have been in effect since August 1, 2023. To facilitate the registration process, taxpayers must use the “EmaraTax” digital platform, available 24/7, or seek assistance from accredited tax agents and government service centers.
The FTA has also emphasized the importance of providing accurate information and submitting updated supporting documents correctly with the electronic registration application, noting that registering for Corporate Tax for a juridical person requires uploading various documents, including the commercial license, the Emirates ID card, the passport of the authorized signatory, and proof of authorization for the authorized signatory.
A comprehensive video explaining the registration process through the “EmaraTax” platform is available on the FTA’s website. This platform, designed according to international best practices, aims to streamline the registration journey, submission of periodic returns, and payment of due taxes for all UAE taxpayers.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
