UAE: FTA introduces EmaraTax application for family foundations to register as unincorporated partnerships
The Federal Tax Authority (FTA) introduced a new application via the "EmaraTax" digital tax services platform, enabling eligible Family Foundations to apply for status as an Unincorporated Partnership, provided the Family Foundation met specific
See MoreUAE: Cabinet of Ministers approves tax treaty with Russia
The UAE Cabinet of Ministers approved the income and capital tax treaty with Russia on 14 April 2025. Earlier, representatives from Russia and the UAE have signed a new income and capital tax treaty on 17 February 2025. The treaty will come
See MoreUAE issues Ministerial Decision No. 84 of 2025 on audited financial statements for corporate tax
The UAE Ministry of Finance has issued Ministerial Decision No. 84 of 2025 on 25 March 2025 replacing Ministerial Decision No. 82 of 2023, outlining the requirements for taxpayers to prepare and maintain audited financial statements for corporate
See MoreUAE joins crypto-asset reporting framework for tax data exchange
The UAE's Cabinet of Ministers approved the country's participation in the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF) on 14 April 2025. This agreement facilitates the automatic exchange of tax
See MoreUAE adopts OECD Commentary and Agreed Administrative Guidance top-up tax for QDMTT for MNEs
The UAE Ministry of Finance has published “Ministerial Decision No. 88 of 2025 on the Commentary and Agreed Administrative Guidance for the Purposes of Cabinet Decision No. 142 of 2024 on the Imposition of Top-Up Tax On Multinational
See MoreCongo (Rep.), UAE sign CEPA agreement
The United Arab Emirates (UAE) and the Republic of the Congo signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at boosting economic cooperation between the two nations on 8 April 2025. The agreement was signed during an official
See MoreUAE: Tax Authority issues guide on interest deduction limitations
The UAE Federal Tax Authority (FTA) issued a corporate tax guide (CTGIDL1) on 7 April 2025, outlining the rules for interest deduction limitations. The guide clarifies how businesses should calculate interest expenditures when determining taxable
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Peru advances tax treaty talks with Australia, France, Saudi Arabia, Singapore, UAE
The Peruvian Ministry of Economy and Finance announced that it is working to finalise tax treaty negotiations with Australia, France, Saudi Arabia, Singapore, and UAE on 20 March 2025. Peru has signed 10 agreements that provide a secure and
See MoreUAE: FTA reminds taxpayers to comply with corporate tax obligations by end of March deadline
The UAE Federal Tax Authority (FTA) issued a statement on 19 March 2025, reiterating that if a natural person conducts a business or business activity in the UAE during a calendar year, or subsequent years, and its total revenue in that calendar
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UAE: Ministry of Finance launches accreditation process for e-invoicing service providers
The UAE Ministry of Finance has launched the accreditation process for e-invoicing service providers. Providers wishing to become Accredited Service Providers (ASP) in the UAE can now apply through a dedicated portal, which outlines the process,
See MoreUAE: FTA issues clarification on amendments to VAT executive regulations
The UAE Federal Tax Authority (FTA) released a VAT Public Clarification VATP040 addressing the amendments to the VAT Executive Regulations on 14 March 2025. This Clarification offers guidance on various rules, including registration,
See MoreUAE: FTA urges taxpayers to update records by March ‘25 to avoid penalties
UAE taxpayers must update their tax records by 31 March 2025 to benefit from an extended grace period, during which administrative penalties will be waived. Registrants who have not yet updated their tax records are urged to submit them before the
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UAE: FTA urges natural persons to complete corporate tax registration
The UAE's Federal Tax Authority (FTA) issued a statement on 9 March 2025, urging individuals to register for corporate tax by the end of March 2025. The FTA emphasized that all natural persons subject to Corporate Tax must submit their Tax
See MoreUAE: FTA publishes decision No. 2 of 2025 on tax clarifications and directives
The UAE Federal Tax Authority (FTA) has issued Decision No. 2 of 2025, effective from 1 March 2025. The decision updates previous policies on tax clarifications and directives.The decision outlines the process for issuing private and public
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Bahrain ratifies income tax treaty with UAE
Bahrain has passed the law to ratify the income tax treaty with the UAE on 9 March 2025. Earlier, the Bahrain Council of Representatives approved the ratification of the income tax treaty with the UAE on 3 December 2024. Bahrain’s
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Japan, UAE hold second round of EPA negotiations in Dubai
The second round of negotiations for the Japan-United Arab Emirates (UAE) Economic Partnership Agreement (EPA) took place from February 24 to 26 in Dubai, UAE. This announcement was made by the Ministry of Foreign Affairs of Japan on 26
See MoreUAE issues decision on tax review deadline extensions
The UAE Federal Tax Authority issued Decision No. 1 of 2025 on 17 February 2025. The decision takes effect on 1 March 2025. It sets out the conditions for extending or rejecting requests for tax assessment reviews and reconsiderations. The
See MoreUAE: FTA releases FAQs to clarify domestic minimum top-up tax
The UAE Federal Tax Authority has released a list of Frequently Asked Questions (FAQs) on its Domestic Minimum Top-up Tax (DMTT) webpage to clarify the new legislation. Here are the key questions addressed: Has the OECD reviewed the legislation
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