Is ESR still applicable in UAE? The ES regulations have been amended whereby the scope has been restricted only to FYs commencing from 1 January 2019 until FY ending on 31 December 2022. However, the Federal Tax Authority (‘FTA’) have been conducting ESR Audits lately... Read More
Have you been subjected to a penalty for the delayed submission of your Corporate Tax registration? If yes, there is some good news for you. In April 2025, the UAE Ministry of Finance has announced that the Federal Tax Authority (‘FTA’) may waive or refund (where... Read More
The Federal Tax Authority (FTA) has released a Public Clarification VAT P044 providing clarity on accounting for output tax, issuing tax invoices and input tax recovery in respect of services imported from outside the UAE. The key aspects of the Public Clarification... Read More
Impact of Transfer Pricing (TP) Adjustments under UAE VAT and Customs The TP provisions under the UAE Corporate Tax (CT) law requires businesses to ensure that transactions with Related Party (RP) are conducted at the arm’s length, else the same would trigger TP... Read More
A VAT Group allows two or more related parties to register as a single taxable person for VAT purposes, which simplifies VAT compliance and reporting. Eligibility Criteria The following key conditions shall be fulfilled by group entities to become a part of the VAT... Read More
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