Effective 1 January 2025, the Gulf Cooperation Council (GCC) countries adopted a 12-digit Harmonized System (HS) code for customs purposes, replacing the previous 8-digit system used by most GCC countries. The Dubai Customs had issued Customs Notice 10/2025 regarding... Read More
Automated Eligibility Check for Waiver of Late Registration Penalty Pursuant to the Federal Tax Authority’s (FTA) 2025 initiative granting waiver of administrative penalties for late submission of Corporate Tax (CT) registration applications, an online eligibility... Read More
The upcoming year 2026 is set to be a very compliance intensive year for Companies registered and operating in the UAE from a tax and financial reporting perspective. It is therefore critical for businesses to have clear visibility on statutory timelines and... Read More
The Federal Tax Authority (‘FTA’) has issued a Corporate Tax Guide, outlining the procedural framework for Advance Pricing Agreements (‘APAs’). The APA program offers a voluntary mechanism that allow taxpayers to agree in advance on the determination of the Arm’s... Read More
The UAE Ministry of Finance (‘MoF’) has issued a Cabinet Decision No. (153) of 2025 (‘CD’) on 14 November 2025 which will be effective from 14 January 2026. The new decision aims at expanding the scope of applicability of Reverse Charge Mechanism (RCM) to... Read More
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