UAE Adopts OECD’s Pillar Two: A Detailed Guide to the Top-Up Tax The United Arab Emirates (UAE) is taking a significant step in aligning its tax framework with international standards. Specifically, the UAE has decided to implement the Global Anti-Base Erosion (GloBE) Model Rules. This move is formalized through Ministerial Decision No. (88) of 2025, […]
Urgent Update: Key Changes in UAE Corporate Tax – What You Need to Know
The United Arab Emirates (UAE) has embarked on a significant shift in its economic policy with the introduction of a federal corporate tax. This landmark decision, effective for financial years commencing on or after June 1, 2023, represents a fundamental change to the UAE’s long-standing tax regime. For businesses operating within and with the UAE, […]
UAE VAT: Maximize Input Tax Recovery on SWIFT – New Rules
SWIFT Charges and VAT: Clarifying Invoicing and Input Tax Recovery for Banks Understanding SWIFT Charges and VAT Key Changes: Tax Invoices and SWIFT Messages Required Information in a Qualifying SWIFT Message Input Tax Recovery Conditions Conclusion Useful Links and References:
Complete Guide: UAE’s Mandatory Audits Under Corporate Tax Regulations
Interpretation of Terms Words and expressions in this Decision shall have the meanings specified in the Federal Decree-Law No. 47 of 2022 referred to above (“Corporate Tax Law”), unless the context otherwise requires. Requirements for Audited Financial Statements Repeal of Previous Decision Ministerial Decision No. 82 of 2023 is repealed. However, to ensure a smooth […]
Secure Your Investments: Understanding New UAE Property Tax Nexus
Definition of Immovable Property Nexus for Corporate Tax on Foreign Companies Under the Corporate Tax Law, a foreign company is considered to have a connection with the State in the following cases: Rules on Artificial Transfer of Property Rights If a non-resident person transfers or gives up their rights to property in the State in […]
How the UAE’s New Tax Reforms Will Boost Global Investment
UAE Rolls Out New Corporate Tax Rules to Encourage Investments in 2025 In a significant move to solidify its reputation as a premier destination for global capital, the United Arab Emirates (UAE) has implemented new tax reforms via Cabinet Decision No. 34 of 2025. The objective? To make the region more attractive to foreign and […]