Corporate Tax Return Filing in UAE If you’re running a business in the UAE, it is mandatory to file for Corporate Tax Return to comply with the tax regulations and avoid penalties. The Federal Tax Authority issues the timeframe for…
How to Choose the Best Auditing Firm in UAE in 2025? Have you ever thought about the impact that your business will create when choosing the right auditing partner? If you agree that your business is much beyond the selling…
How To Prepare for Corporate Tax Filing in the UAE? The UAE has completely transitioned into the corporate tax era, making a paradigm shift in the country’s business landscape. With the introduction of corporate tax regulations, businesses now should adapt…
Important Guidelines for Correcting Errors or Omission in VAT Returns The UAE FTA issued Decision No.8 of 2024 which outlines the Mechanism for correction of error or omission in the tax return submitted for VAT in UAE (effective from 1…
The UAE Ministry of Finance (MoF) announced amendments to Ministerial Decisions under Federal Decree-Law No. 47 of 2022 on Corporate Taxation. The Ministerial Decision No. (301) of 2024 on Tax Groups and Ministerial Decision No. (302) of 2024 on Participation…
On 30 September 2024, The Federal tax Authority in UAE included key provisions in the VAT regulations for the introduction and implementation of electronic invoicing (e-invoicing). To establish a groundwork for e-invoicing, the UAE government amends certain provisions on the…
Domestic Minimum Top-up Tax (DMTT) for MNEs Will be Effective from 1, January 2025 The UAE Ministry of Finance (MoF) announced a significant update in the corporate tax regulation by introducing a 15% Domestic Minimum Top-up Tax (DMTT) for Multinational…
UAE Cabinet Decision No. 142 of 2024: Introduction of Top-up Tax on Multinational Enterprises (Effective from 1 January 2025) Date of Issue: 31 December 2024 Effective Date: 1 January 2025 The UAE Cabinet has issued Cabinet Decision No. 142 of…
A new framework has been introduced by the financial markets of a Gulf Cooperation Council (GCC), to streamline fund passporting that integrate & strengthen the position of GCC financial markets in the global investment landscape. During the 29th meeting of…
The FTA’s introduction of corporate tax in the UAE mandates certain entities to prepare their financial statements based on IFRS or IFRS SMEs for reporting, which has elevated significant difficulties for entities that do not previously adopt IFRS standards. According…