A KGRN Chartered Accountants Advisory Update on UAE Corporate Tax The UAE has extended the availability of Small Business Relief under the Corporate Tax regime to eligible Tax Periods ending on or before 31 December 2029. The AED 3 million…

Corporate Tax has not turned every valuation into a tax exercise. It has, however, created several situations in which businesses must determine value, pricing or tax basis under different regulatory frameworks. A real estate developer calculating the gain attributable to…

FTA Decision No. 6 of 2026, issued 2 June 2026, requires Qualifying Free Zone Persons (QFZPs) that distribute goods or materials in or from a Designated Zone to obtain an Agreed-Upon Procedures (AUP) report under ISRS 4400 from an independent,…

A returned shipment, a pricing error caught after the invoice went out, a negotiated discount applied retroactively every business runs into these, and under paper-based invoicing, fixing them was simple: issue a credit note, attach it to the file, move…

For five decades, the defining feature of the UAE’s fiscal proposition was the absence of corporate income tax. The introduction of the 9% Corporate Tax regime in 2023 recalibrated that proposition; the arrival of the OECD’s Pillar Two framework has…

Introduction: How to Use This Masterfile Every India–UAE cross-border matter passes through three independent legal gates. The first is Indian income tax law as modified by the India–UAE Double Taxation Avoidance Agreement, which determines how a transaction is taxed. The…

Selecting an Accredited Service Provider (ASP) for UAE eInvoicing has become one of the most important procurement decisions for UAE finance teams preparing for mandatory. While every accredited provider meets the Ministry of Finance’s baseline requirements, the operational differences between…

eInvoicing under the UAE mandate doesn’t get reviewed by a person before it’s accepted or rejected, it gets checked by a validation engine against a fixed data specification, field by field, in seconds. That’s what makes rejections so consistent across…

The UAE Cabinet has approved a substantial revision to the country’s administrative tax penalty regime. Cabinet Decision No. 129 of 2025 amends the penalty framework first introduced under Cabinet Decision No. 40 of 2017 and later updated by Cabinet Decision…

The UAE eInvoicing came from awareness to consideration for businesses with annual revenue exceeding 50 million and above. As an MoF pre-approved ASP we’ve sat across the table with enough finance teams preparing for Phase 1 to notice a pattern:…

eInvoicing UAE compliance is not an optional software upgrade businesses and CFOs can push to next quarter’s. It’s a legal; mandate with fixed official deadlines, penalties and a phased rollout that has already started moving faster. If your finance team…

Businesses preparing for Phase 1 of the UAE’s e-invoicing mandate will, at some stage, consult the Ministry of Finance’s published list of e-invoicing service providers. The list is frequently treated as a straightforward procurement reference: a name is selected, an…

Business valuation in Dubai has become a recurring compliance function. The way you value your assets now directly affects how much corporate tax you pay and whether the FTA accepts your numbers. But business valuation is no longer only for…

In April 2024, the International Accounting Standards Board (IASB) published a new standard on IFRS 18 “Presentation and Disclosure in Financial Statements.” This brings a major shift in how companies in the UAE submit their financial statements. The new IFRS…

In the UAE’s dynamic free zone ecosystem, robust licensing and compliance form the foundation for sustainable business operations. The Dubai Multi Commodities Centre (DMCC), one of Dubai’s premier free zones, continues to strengthen its regulatory framework to align with international…

UAE regulators continue to raise the bar on corporate governance, financial transparency, and risk management. With increasing scrutiny from authorities like the Federal Tax Authority (FTA), Abu Dhabi Accountability Authority (ADAA), and free zone regulators, businesses face higher expectations for…

The UAE’s retail landscape has become one of the most sophisticated in the world, operating in a highly competitive and regulated environment; a sales audit for UAE malls is no longer just a financial exercise. It has become a critical…

In 2026, entrepreneurs in Dubai will have access to 24 business options. The United Arab Emirates (UAE) operates as a federation of smaller countries, similar to Europe or the UN. Among its eight main cities, only Dubai, Sharjah, and Abu…

Effective January 1, 2026, the Ministry of Finance (MoF) has announced significant amendments to its Value Added Tax (VAT) framework. These changes aim to streamline administrative processes, enhance compliance, and align the UAE’s tax system with international best practices. For…

A complete guide to Dubai mainland company setup in 2026. Learn about the registration process, setup cost, required documents, and ownership rules for mainland businesses in the UAE.

The UAE’s business environment is being fueled by digital transformation and financial reform. With the recent mandate for e-invoicing across UAE businesses, the regulatory framework has become more sophisticated, compelling many organizations to rethink how they manage their financial operations….

Across many UAE businesses, internal audit is viewed as a future improvement rather than a current necessity. As companies grow, risks from regulations, operations, and fraud can outpace leadership oversight, making robust controls essential for effective management.  Under Federal Decree-Law…

Abu Dhabi continues to strengthen its position as one of the UAE’s most attractive business destinations in 2026. Driven by economic diversification, major investments in technology, renewable energy, tourism, and advanced manufacturing, the emirate offers foreign investors a stable and…

Raising investment is a pivotal moment for any startup. Yet without a clear understanding of your company’s worth, negotiations can quickly go off track. Investors scrutinise every detail before committing capital, and an accurate startup valuation gives founders the confidence…

In the United Arab Emirates, the UAE Corporate Tax will be applied over the whole country and will apply equally to all business and commercial activity, with the exception of natural resources, which will continue to be taxed at the…

UAE’s free zones are typically based on a regulator-centric approach to compliance where each authority performs all three functions of registrar, licensing, and compliance enforcement. In general, the flexibility offered by free zones to carry out business activities is compensated…

UAE Corporate Tax Registration in Mainland vs Free Zone – What Businesses Actually Pay? The introduction of corporate tax in the UAE in 2023 has brought a major change to how businesses manage their finances and operations. The core objective…

Discover how to start a business in Mainland Dubai in 2026: 100% foreign ownership, full UAE market access, step-by-step setup, costs & expert tips from KGRN.

In the dynamic UAE real estate market, Value Added Tax plays a significant role in shaping financial outcomes for property owners, investors, and developers. Introduced in 2018, VAT at a standard rate of five percent applies to various goods and…

UBO Registration in UAE is a mandatory compliance requirement for businesses operating across mainland, free zone, and offshore jurisdictions. Under Cabinet Resolution No. 58 of 2020, companies must identify and disclose their Ultimate Beneficial Owners to ensure transparency and strengthen…

The State of Accounting Services in Dubai 2026: Regulatory Evolution, Trends & Capability Expectations.  In earlier years, accounting in Dubai was a simple process where businesses had to maintain their books, file their VAT returns, and prepare annual reports. However,…

Introduction: Why Due Diligence Is a Critical Success Factor in M&A and Investment Decisions In the complex landscape of mergers and acquisitions (M&A) and business investments, financial and legal due diligence stands as a foundational element for mitigating risks and…

Explore the latest due diligence requirements for financial institutions under UAE’s Federal Decree-Law No. 10 of 2025. Learn key updates on CDD, EDD, beneficial ownership, ongoing monitoring, and risk-based KYC/AML compliance to strengthen regulatory alignment and mitigate risks.

The UAE’s e-invoicing mandate represents a significant structural reform in tax compliance, rather than a digitization initiative. While many businesses associate e-invoicing with system upgrades, the regulatory intent is far broader than businesses assume. The spotlight of e-invoicing is focused…

JAFZA Approved Auditors Jebel Ali Free Zone (JAFZA) is one of the world’s largest and most known free zones, situated in Dubai, UAE. Established in 1985, JAFZA is an important player in the region’s commerce and logistics industry, providing a…

Chapter Nineteen – Transitional Rules Transitional provisions are crucial in any tax regime to ensure a smooth shift from existing practices to adopt the new regulatory framework. These transitional rules guide how businesses prepare their opening balance sheet for tax…

In the UAE Corporate Tax framework, compliance with tax obligations is not only a legal requirement but also a key factor in maintaining business credibility and operational integrity. While the legislation provides avenues for lawful deductions, credits, and refunds, it…

The chapter seventeen of the Federal Decree-Law No.47 of 2022 outlines the documentary and procedural obligations for filing returns, preparing financial statements, maintaining records, and complying with transfer pricing rules. The provisions of this chapter ensure that the tax authority…

This chapter establishes the rules on when and how the taxable persons must register for Corporate Tax, the scenarios where the authority can initiate registration, and the conditions that must be satisfied for deregistration. It also offers the authority with…

The UAE Corporate Tax regime offers a range of deductions, exemptions, and reliefs to help taxpayers and encourage investment and economic growth, where these benefits are meant to be applied in good faith and in line with commercial reality. To…

The corporate tax compliance in UAE is a fundamental responsibility for businesses operating within the country. The chapter Fourteen of the Federal Decree-Law No. 47 of 2022 outlines the requirements related to the corporate tax payable and the conditions under…

The Chapter Thirteen of the Federal Decree-Law No. 47 of 2022 establishes the conditions and methods for calculating the corporate tax payable by a taxable person, mentioning how amounts must be reported, the order in which the tax liabilities need…

In the United Arab Emirates (UAE), the corporate tax structure allows connected firms to consolidate their tax reporting duties for more effective tax processing and compliance. One such mechanism is the formation of a Tax Group, which permits resident juridical…

Chapter Eleven – Tax Loss Provisions Under the UAE Corporate Tax framework, certain deductions are permitted to ensure that the taxable base reflects the financial performance of a business.  The adjustment for tax losses enables businesses to offset losses from…

The Article 34, 35, and 36 of the Federal Decree Law No. 47 of 2022 outlines the rules governing transactions between related parties and connected persons. This helps to ensure that transactions with related parties and connected persons are conducted…

This chapter outlines the provisions for the deductibility of business expenses under the UAE Corporate Tax regime when calculating the taxable income of a taxable person. Taxable persons understand more about allowable expenditures, the limitations of expenses in certain categories,…

This chapter explains the reliefs such as Transfers with a Qualifying Group and Business Restructuring Relief offered by the authority for certain businesses or income types to be exempt from corporate tax. Article 26 – Transfers Within a Qualifying Group…

Chapter Seven – Exempt Income The chapter seven of the UAE Corporate Tax Law covers the exempt cases where certain types of income are eligible to be taxed, reflects UAE’s alignment with global tax principles and foster economic competitiveness. The…

The chapter six of the Federal Decree Law No. 47 of 2022 and deals with rules and regulations for determining taxable income, and small business relief. This provides a clear computation for calculating taxable income and reduces complexity in corporate…

This chapter contains Article 18 and Article 19 of the corporate tax law which defines the framework for Qualifying Free Zone Persons (QFZP) for corporate tax purposes and election to be subject to corporate tax. Article 18 – Qualifying Free…

Find expert tips on choosing the right VAT consultant in Dubai. Stay compliant, avoid penalties, and improve cash flow with KGRN’s FTA-registered VAT services.

Confused about UAE Corporate Tax? Discover who qualifies as a taxable person, the difference between residents & non-residents, and how the tax base is calculated.

Article 4,5,6,7,8,9, & 10 Of Federal Decree Law No. 47 of 2022 Let us explore chapter three of the UAE Corporate Tax Law which covers exempt categories such as government entity, extractive businesses, non-extractive natural resource business, qualifying public benefit…

The UAE Ministry Of Finance (MoF) Releases New Decision For Unincorporated Partnerships, Family Foundations And Foreign Partnerships  On November 18, 2024, the UAE Ministry of Finance (MoF) released Ministerial Decision No. (261) of 2024, which superseded the Ministerial Decision No….

UAE’s New Free Zone Business Setup Assurances Awes Businesses – License in 2 Hours, Visa in 2 Days  The Ajman city in UAE has established Ajman NuVentures Centre Free Zone (ANCFZ), a groundbreaking free zone with a unique approach to…

The United Arab Emirates is known for its thriving economy, excellent infrastructure, investor-friendly environment and one of the world’s largest oil producing countries. The UAE government decided to diversify its economy and sources of income beyond oil resources and to…

Discover answers to the most common UAE company formation questions. Learn about licenses, legal structures, costs, and setup steps in Dubai & the UAE.

Overview Summary The UAE Ministry of Finance has rolled out mandatory e-invoicing using a Peppol-based Decentralized Continuous Transaction Controls and Exchange (DCTCE) 5-corner model. Businesses must use an Accredited Service Provider (ASP) to issue, validate, exchange, and report structured electronic…

Why Transfer Pricing Documentation Matters: Best Practices For Businesses in UAE For multinational companies in the UAE, maintaining proper transfer pricing documentation is crucial to remain compliant with tax regulations and stay away from its associated risks. To effectively navigate…

UAE Announces New Tax Rules For Qualifying Investment Funds (QIFs) and Qualifying Limited Partnerships (QLPs) On April 6, 2025, the ministry of finance has issued the Cabinet Decision No.34 of 2025 on the Qualifying Investment Fund and Qualifying Limited Partnerships…

Business valuation is the process of determining a company’s economic worth by analyzing its financial performance, market position, and assets. It provides a clear, data-driven estimate of value, essential for strategic and financial decisions. For business owners, entrepreneurs, and financial…

Dubai in 2026 stands as a dynamic global business ecosystem shaped by investor-friendly reforms, digital transformation, and strategic economic diversification. The city attracts entrepreneurs, startups, SMEs, and foreign investors seeking a stable, tax-efficient hub with world-class infrastructure and access to…

FTA Decision No. 2 of 2025: Updated Policy on Issuance of Clarifications and Directives (Effective from 1 March 2025)  The Federal Tax Authority (FTA) has issued Decision No. 2 of 2025, introducing an updated and consolidated Policy on Issuance of…

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 e Invoicing which includes the proposed UAE e-Invoicing data dictionary. This public consultation aims to gather feedback from all stakeholders on e Invoicing, promote…

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 …

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…

Overview Summary Correcting errors in UAE VAT returns requires prompt action through adjustments in subsequent returns for minor issues or Voluntary Disclosure (Form VAT 211) for material ones. Under 2026 rules influenced by Federal Decree-Law No. 17 of 2025 and…

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…

UAE Ministerial Decision No. 302 of 2024: Participation Exemption and Foreign Permanent Establishment Exemption for Corporate Tax Law  Issued on 10 December 2024 | Effective from 11 December 2024  In a significant development, the UAE Ministry of Finance has issued…

Cabinet Decision No. 127 of 2024: Reverse Charge Mechanism for Precious Metals and Precious Stones (Effective from 15 February 2025)  Date of Issue: 16 December 2024  Effective Date: 15 February 2025  The UAE Cabinet has issued Cabinet Decision No. 127…

The IFZA Free Zone offers exclusive benefits like a Lifetime Visa, tax benefits, & more for entrepreneurs, startups, & global establishments, to set up a business in the thriving market of the UAE.

Planning to kick-start your dream business in Dubai or across UAE in 2025?  Here’s a clear roadmap to get started with your company formation process in Dubai or across the UAE and get down to business.  The business setup procedure…

Ministerial Decision No. 301 of 2024: Tax Group Provisions under UAE Corporate Tax Law (Effective from 10 December 2024)  Date of Issue: 9 December 2024  Effective Date: 10 December 2024  The UAE Ministry of Finance has issued Ministerial Decision No….

Is Audit Season approaching? No worries! We are here with this ultimate checklist to navigate your internal auditing process smoothly and confidently. From a mere compliance check to a strategic decision-making process. Internal auditing has evolved from a mere compliance…

From data analysis to decision making, AI is transforming the accounting and finance industries. As we explore the dynamics of accounting and finance, we find that the practical application of AI technology leads to spectacular growth in organizations by enhancing…