Category: News

The UAE is embarking on a significant step towards global tax reforms by soliciting corporate feedback on implementing a global minimum tax (GMT) within the country. The Ministry of Finance (MoF) has opened a consultation period to gather insights from...

The UAE is shaking up its corporate tax landscape, and businesses must be ready. In a bold move to align with global tax standards, the UAE is introducing a minimum 15% corporate tax for large multinational companies starting in 2025. This change...

In a major leap toward financial transparency and digital transformation, the UAE Ministry of Finance has officially announced the rollout of the Unified Digital Audit Reporting System (UDARS) — a centralized platform that will become mandatory for all licensed audit firms starting October...

The UAE interest rate will remain unchanged at 5.40%, as announced by the Central Bank of the United Arab Emirates (CBUAE). This follows the U.S. Federal Reserve’s decision to hold its benchmark rate steady. This move reinforces the UAE’s commitment to...

Dubai, UAE – July 2025The UAE Federal Tax Authority (FTA) has announced expanded corporate tax compliance requirements for various business structures, as per FTA Decision No. 5 of 2025, issued on May 19, 2025, and effective from July 1, 2025. The updates are part...

The UAE Federal Tax Authority (FTA) has released Public Clarification CTP007, which explains how Tax Groups should prepare and audit their financial statements under the Corporate Tax Law.  What’s a Tax Group? A Tax Group is when two or more related companies are approved...

The UAE’s financial condition will considerably change in 2025, and at the same time, it will put businesses under increased scrutiny regarding Corporate Tax, VAT, Anti-Money Laundering (AML), and Economic Substance Regulations (ESR). Recent audits from the industry have identified...

The UAE’s Finance Ministry announced on October 19, 2023, the release of Federal Decree-Law No. 16 of 2025, which makes significant changes to the VAT Decree-Law No. 8 of 2017. The Decree-Law is officially effective as of January 1, 2026....