The Investment Promotion and Protection Agreement ( IPA)  between the UAE and Bahrain became effective on 8 May 2025, after completing the required legal procedures. The agreement establishes a legal framework that protects investments, boosts

The UAE Federal Tax Authority has released Public Clarification VATP043 on 30 April 2025, which addresses the application of the reverse charge mechanism for Value Added Tax (VAT) on transactions involving precious metals and precious stones between

Greece and the UAE have agreed to update and renew their 2010 tax treaty.  Greek Prime Minister Kyriakos Mitsotakis met with UAE Minister Dr. Sultan Al Jaber to announce the renewal of the double taxation avoidance agreement between Greece and the

The UAE’s Federal Tax Authority (FTA) has issued a new public clarification regarding Corporate Tax on the tax treatment of investors in a Real Estate Investment Trust (REIT) who are exempt from Corporate Tax as a Qualified Fund on 6 May

The UAE Federal Tax Authority issued VAT Public Clarification VATP042, providing guidance on determining the value of supply in barter transactions on 29 April 2025. In general, taxable persons receive monetary consideration for the supplies they

The UAE’s  Federal Tax Authority (FTA) has introduced a new initiative allowing businesses to have administrative penalties waived or refunded for late corporate tax registration on 2 May 2025, provided certain conditions are met. To qualify,