Dubai has emerged as a regional leader in combating financial crimes, bolstering its anti-money laundering (AML) and counter-financing of...

The UAE has introduced a significant tax reform under the framework of the OECD's Base Erosion and Profit Shifting (BEPS) 2.0 initiative....

The UAE has recently made significant revisions to its economic substance regime, as outlined in Cabinet Decision No. 98 of 2024. This...

The UAE Corporate Tax Legislation mandates that all entities subject to taxation, along with specific exempt entities such as Qualifying...

The International Accounting Standards Board (IASB) has recently issued amendments to the IAS 12, which relate to deferred tax related to...

Small and medium enterprises or SMEs are the growth engines for the economy of a developing or even developed nation. In the UAE, several...

The taxpayer submitted tax returns for the prescribed tax periods as of January 2018, and these returns included supplies related to real...

On 31 January 2022 the Ministry of Finance (MOF) announced that federal corporate income tax (CIT) will be introduced in the UAE. The CIT...

The update to the Federal Law No. (7) of 2017 on Tax Procedures is the first update to the FTP Law since its introduction in 2017. The...

Taxable persons who are willing to notify the Federal Tax Authority (FTA) of an error or omission in their tax return, tax assessment, or...

There has been a lot of news about Oman introducing income tax on individuals in 2022. What stands behind this news? My Best CFO Team...

"Without challenges, life is boring, governments are stagnant, and leaders are too relaxed." His Highness Sheikh Mohammed bin Rashid Al...