The Ministry of Finance (‘the MoF’) has released an updated UAE Electronic Invoicing Guidelines Version 1.1 (‘E-invoicing guide’/’Guideline’) on 01 June 2026. The key aspects of the updated Guideline are summarized below: Particulars Key Aspects Guidance and... Read More
Following the issuance of Cabinet Decision No. 142 of 2024 (“CD 142”), the Federal Tax Authority (“FTA”) has activated the Domestic Minimum Top-up Tax (“DMTT” or “Pillar Two”) registration functionality on the EmaraTax portal. As the DMTT provisions apply to fiscal... Read More
Did you know that certain events occurring after the reporting date may require adjustment to the financial statements? Under IAS 10 “Events after the Reporting Period”, adjusting events are those that provide evidence of conditions that existed at the reporting date.... Read More
While IFRS 10 “Consolidated Financial Statements” generally applies to entities with control over subsidiaries, the standard also provides certain exceptions where consolidated financial statements may not be required. A parent entity need not present consolidated... Read More
The UAE’s Measurement, Reporting, and Verification (MRV) platform (ww.mrv.ae) is now officially online, marking a significant step toward implementation of the UAE Climate Change Law and mandatory GHG emissions reporting requirements. With the launch of the MRV... Read More
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