FTA Decision No. 1 of 2025: Extension of Deadlines for Tax Assessment Review and Reconsideration Requests (Effective from 1 March 2025) Date of Issue: 17 February 2025 Effective Date: 1 March 2025 The Federal Tax Authority (FTA) has issued Decision…
The roll out of corporate tax regulations in the UAE represents a transformative shift in the UAE’s financial landscape. As part of the corporate tax requirement, businesses are now required to adhere to specific accounting standards, primarily the International Financial…
How To Prepare For Your Annual Audit? Best Practices For UAE Businesses As most of the businesses in UAE approach the end of the fiscal year, it is crucial to prepare for the annual/yearly audit. This is the right time…
Dubai stands as a global hub for innovation, trade, and entrepreneurship, attracting businesses from around the world with its strategic location, world-class infrastructure, and investor-friendly policies. As of 2025, the emirate’s economy continues to thrive, driven by diversification into sectors…
In an era of global economic uncertainty and increasing regulatory scrutiny, international investors and high-net-worth individuals are turning to sophisticated structuring solutions to safeguard assets, optimise operations, and ensure long-term compliance. Offshore Company Formation in UAE has emerged as one…
Frequently Asked Questions (FAQs) About ICV Certification In UAE Securing an ICV certificate in UAE brings long-term growth for businesses and it’s crucial to stay competitive in the evolving business landscape. We have answered the most commonly asked questions in…
General Interest Deduction Limitation Rule in the UAE Corporate Tax: All You Need To Know On May 30, 2023, the UAE Ministry of Finance released Ministerial Decision No. 126 of 2023 relating to the General Interest Deduction Limitation Rule (GIDLR)…
As Crypto Mining becomes increasingly popular, the attention to the tax treatment on CryptoCurrency Mining is essential. Businesses and individuals in UAE involved in the crypto mining activities have concerns regarding the VAT application on such activities. To rectify this…
On 6th February 2025, the UAE Ministry of Finance (MoF) published a public consultation paper on eInvoicing which includes the proposed UAE e-Invoicing data dictionary. This public consultation aims to gather feedback from all stakeholders on eInvoicing, promote transparency and…
The Public Company Accounting Oversight Board (PCAOB) recently proposed new updates requiring auditing firms to provide specific information regarding their audit practices on an engagement and firm level, expanding the public reporting. Audit Firms that work with accelerated filers and …