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…
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…
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…
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…