The UAE has rapidly positioned itself as a global hub for digital assets, blockchain, and cryptocurrency innovation. With this growth, regulatory clarity has become essential for businesses and individuals operating in the sector. In April 2025, the Federal Tax Authority (FTA) issued VATP039 UAE, a...
In this significant shift to help businesses and enhance voluntary compliance with tax laws, the Federal Tax Authority (FTA) of the UAE has delivered a brand new initiative to waive administrative penalties for late corporate tax registration UAE applications. This improvement is a part of...
In the realm of Value Added Tax (VAT), businesses generally receive monetary compensation for their supplies. However, transactions aren't always straightforward. Sometimes, consideration comes in the form of goods or services, leading to what is known as a barter transaction. A barter transaction involves the...
The United Arab Emirates (UAE), which has always been favorable to business, is getting ready to implement a major tax reform. From January 1, 2025, the standard UAE corporate tax rate for large multinational companies (MNCs) will be 15 percent, while for normal businesses, it...
The introduction of UAE corporate tax governance in 2024 marked a historical change in the country's fiscal scenario, which required all businesses and some exempt-entities to register and follow new tax obligations. As the country adapts to this transformational change, the government has taken a...
The UAE Federal Tax Authority (FTA) has issued a new public clarification — VATP041 — on April 11, 2025, addressing the VAT implications for SWIFT messages. This replaces the earlier guidance under VATP036 and carries significant implications for financial institutions operating in the UAE. SWIFT (Society...
The United Arab Emirates (UAE) continues to demonstrate its dedication to global financial transparency and regulatory alignment. Recently, the UAE Ministry of Finance (MoF) notification 2025 has started issuing formal communications to business enterprise entities throughout the country—which includes the ones working in free-zones—reminding them...
The United Arab Emirates (UAE) continues to be a magnet for global business, offering a dynamic environment shaped by rapid digital transformation, robust economic reforms, and a strong push toward sustainability. For companies considering expansion, understanding the evolving landscape and crafting a tailored business plan...
The United Arab Emirates (UAE), and particularly Dubai, has long been a magnet for businesses seeking a tax-friendly environment. However, with the introduction of the new company tax in Dubai framework effective from June 2023, the landscape is evolving to balance global tax standards with...
In today’s fast-paced business environment, more companies are choosing to outsource accounting services in Dubai to streamline their financial operations and boost efficiency. With the growing demand for accurate financial reporting and compliance with local regulations, outsourcing offers businesses a competitive edge. But why is...
