The UAE Ministry of Finance (‘the MoF’) recently released comprehensive E-invoicing guidelines, underscoring the Government’s dedicated approach to a standardized and timely implementation of new system. The key aspects of the guidelines are summarized below:... Read More
The UAE Cabinet has introduced a Research & Development (R&D) Tax Credit regime under UAE Corporate Tax (‘CT’) Law framework. This credit can be offset against Qualifying Entity’s CT liability and/or Top-up Tax liability. Effective for tax periods commencing... Read More
A lease modification under IFRS 16 is any change in the scope of a lease or the consideration that was not part of the original terms. Key accounting treatment: Scenario 1: Assess if it is a separate lease A modification is treated as a separate lease if: It adds the... Read More
The United Arab Emirates’ Federal Decree-Law No. (11) of 2024 on the Reduction of Climate Change Effects marks a significant shift from policy ambition to enforceable legal obligation, establishing a binding, nationwide regime for greenhouse gas emissions... Read More
The Dubai Customs Authority has released Customs Notice No. (03/2026) and Customs Notice No. (04/2026), outlining updated customs procedures and introducing new temporary facilitation measures for goods movement seamlessly, including the activation of the Green... Read More
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