The Federal Tax Authority (FTA) has released a Public Clarification providing guidelines on the VAT treatment and value of supply for barter transactions. The key aspects for the clarification are summarized below: Barter Transactions Transactions involving... Read More
The UAE Ministry of Finance and the Federal Tax Authority have announced a new initiative to waive penalties for businesses that missed the deadline to register for Corporate tax (CT). To qualify for the waiver of penalty, the eligible businesses needs to file their... Read More
Ministry of Finance (MoF) has released Ministerial Decision No 84 of 2025 effective 01 January 2025. The Decision repeals the Ministerial Decision No 82 of 2023 issued earlier from 01 January 2025 onwards. Accordingly, the earlier MD continues to apply for tax periods... Read More
The Federal Tax Authority (FTA) has announced an important update regarding the amendment of the ‘Business Activities’ field on the EmaraTax portal. This has to be undertaken mandatorily. Previously, businesses were required to select a primary business activity from... Read More
The Federal Tax Authority has issued Federal Tax Authority Decision No 8 of 2024 on Mechanism for Correction of Error or Omission in the Tax Return submitted to the FTA for VAT. A copy of the Decision is attached for your reference. Effective 1 January 2025, the FTA... Read More
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