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,

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

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

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

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