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Corporate Tax Guide on Interest Deduction Limitation Rules – Now Published Corporate Tax Guide on Interest Deduction Limitation Rules – Now Published Corporate Tax Guide on Interest Deduction Limitation Rules – Now Published The Federal Tax Authority has released a new Corporate Tax Guide focused on Interest Deduction Limitation Rules. This guide provides essential insights […]

UAE VAT Update – FTA Clarification (VATP040) UAE VAT Update – FTA Clarification (VATP040) UAE VAT Update – FTA Clarification (VATP040) Effective: 15 Nov 2024 (made available to the public in mid of March 2025).  Key Points from FTA’s Public Clarification:  – Composite Supply: Must meet all Article 4(4) conditions – not automatic.  – Deemed

Late Corporate Tax Registration – Exemption Initiative Late Corporate Tax Registration – Exemption Initiative Late Corporate Tax Registration – Exemption Initiative The Federal Tax Authority (FTA) has launched an initiative to waive administrative penalties for businesses that failed to submit their corporate tax registration applications within the specified deadline.  Exemption Conditions:  – The Corporate Tax

UAE Introduces Domestic Minimum Top-Up Tax for MNEs UAE Introduces Domestic Minimum Top-Up Tax for MNEs UAE Introduces Domestic Minimum Top-Up Tax for MNEs The UAE Ministry of Finance has issued Cabinet Decision No. 142 of 2024, introducing a Domestic Minimum Top-Up Tax (DMTT) aligned with OECD Pillar Two rules.  Who is affected?  – Multinational

UAE Updates Corporate Tax Rules for Partnerships & Family Foundations UAE Updates Corporate Tax Rules for Partnerships & Family Foundations UAE Updates Corporate Tax Rules for Partnerships & Family Foundations The UAE Ministry of Finance has issued Ministerial Decision No. 261 of 2024, clarifying the treatment of Unincorporated Partnerships, Foreign Partnerships, and Family Foundations under

UAE Updates Excise Tax Regulations for 2025 UAE Updates Excise Tax Regulations for 2025 UAE Updates Excise Tax Regulations for 2025 The UAE Ministry of Finance has issued Ministerial Decision No. (1) of 2025, implementing Cabinet Decision No. 52 of 2019 on Excise Goods.  Key updates include:  – Excise Tax on Electronic Smoking Devices &

Understanding VAT on Crypto Mining in the UAE Understanding VAT on Crypto Mining in the UAE Understanding VAT on Crypto Mining in the UAE With the rise of cryptocurrencies, the UAE’s Federal Tax Authority has clarified the VAT treatment for crypto mining:  – Mining for Personal Use – Falls outside the scope of VAT, as

Russia and UAE Sign New Double Taxation Agreement Russia and UAE Sign New Double Taxation Agreement Russia and UAE Sign New Double Taxation Agreement Russia and the UAE have signed a landmark agreement to eliminate double taxation and prevent tax evasion, set to take effect on January 1, 2026. Signed during the first Russian-Emirati financial

New VAT Rules for Precious Metals and Stones in the UAE New VAT Rules for Precious Metals and Stones in the UAE New VAT Rules for Precious Metals and Stones in the UAE News for businesses in the UAE dealing with precious metals and stones. The government has introduced Cabinet Decision No. 127 of 2024,

Update for VAT-Registered Entities in the UAE Update for VAT-Registered Entities in the UAE Update for VAT-Registered Entities in the UAE The Federal Tax Authority (FTA) has issued Decision No. 8 of 2024, introducing a mechanism for correcting errors or omissions in tax returns submitted for Value Added Tax (VAT).  What You Need to Know: