News

UAE to Implement Key VAT Law Amendments Effective January 2026

The UAE’s Finance Ministry announced on October 19, 2023, the release of Federal Decree-Law...
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UAE Compliance Risks Rising in 2025

The UAE’s financial condition will considerably change in 2025, and at the same time,...
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UAE FTA Issues Audit Rules for Tax Groups

The UAE Federal Tax Authority (FTA) has released Public Clarification CTP007, which explains how Tax Groups should...
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UAE Expands Corporate Tax Rules from July 1, 2025

Dubai, UAE – July 2025The UAE Federal Tax Authority (FTA) has announced expanded corporate...
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UAE Central Bank Keeps Interest Rate Unchanged Following Fed’s Decision

The UAE interest rate will remain unchanged at 5.40%, as announced by the Central Bank...
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UAE to Launch Mandatory Digital Audit System by Q4 2025

In a major leap toward financial transparency and digital transformation, the UAE Ministry of...
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UAE Corporate Tax Reforms and Your Business

The UAE is shaking up its corporate tax landscape, and businesses must be ready.In...
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UAE’s Finance Ministry Seeks Input on Global Minimum Tax

The UAE is embarking on a significant step towards global tax reforms by soliciting...
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New Maritime Law in the UAE

Effective from 29 March 2024, the UAE’s maritime legal landscape is undergoing significant changes...
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Dubai Implements 20% Annual Tax on Foreign Banks

Dubai has enacted a law stipulating a 20 percent annual tax on foreign banks...
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UAE removed from Financial Action Task Force ‘grey list’

The UAE has been removed from the Financial Action Task Force’s “grey list” following...
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India, UAE target $100 billion trade: Piyush Goyal

In a significant development, Union Commerce Minister Piyush Goyal announced that India and the...
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Dubai Investments Highlights Sustainability at COP28

Dubai Investments, the leading diversified investment company, listed on the Dubai Financial Market [DFM],...
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New Deputy Prime Minister for Financial and Economic Affairs

Maktoum bin Mohammed has been designated as the Deputy Prime Minister for Financial and...
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Reverse Charge Mechanism for the supply of electronic devices

Introducing a special reverse charge mechanism for the supply of electronic devices. Article (1)...
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UAE Finance Ministry bridges with emerging economies

The Ministry of Finance, in partnership with the World Bank Group’s MIGA, hosted two...
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IAB World Survey Rankings

According to the latest IAB World Survey rankings, the ANTEA Alliance of Independent Firms...
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New UAE Tax Residency Rule

Cabinet Decision No. 85 of 2022 – Issued 2 Sept 2022 Brief overview The...
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Over Dh60,000 Currency, Assets, and Jewelry have to be declared

It is mandatory for all passengers entering or leaving the UAE with more than...
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Invoices worth Dh10,000 or more require MoFAIC attestation

A new rule by the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC)...
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Unemployment Insurance Scheme

What is the ‘Unemployment Insurance scheme’? In the event that a UAE employee working...
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UAE announces VAT changes in Gold and Diamond sector

The Ministry of Finance (MOF) announced that the tax registrants supplying Gold are not...
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UAE’s latest bet on tech: a ministry in the metaverse

The United Arab Emirates, which already boasts the world’s tallest skyscraper and has launched...
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Abu Dhabi power transmission project signs $3.2 billion financing

Abu Dhabi Offshore Power Transmission Company has secured more than $3.2 billion in financing...
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UAE firms resisting pay-rise demands as inflation climbs

Companies in the United Arab Emirates are largely resisting demands for higher pay to...
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Dubai court orders man to pay $1.25 billion to Denmark...

A British man accused by Denmark of masterminding a USD 1.7 billion tax fraud...
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UAE economy grew 8.2% in Q1, central bank estimates

The United Arab Emirates’ economy grew by an estimated 8.2% in the first quarter,...
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UAE and U.S. reach deal for $100 billion in clean...

The United States and United Arab Emirates have reached an agreement to spend $100...
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