Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. For many years, the role of the CFO in the UAE was primarily associated with compliance: timely bookkeeping, VAT filings, audit coordination, and ensuring that statutory financial statements met regulatory requirements. While these responsibilities remain essential, 2026 marks a clear shift. CFO

Disclaimer: This article is for general informational purposes only and does not constitute financial advice under UAE legislation governing financial publications and advertisements. The UAE has introduced a significant change to the taxation of investment real estate, creating new planning opportunities for companies holding commercial and income-generating property. The Ministry of Finance has clarified that corporate taxpayers may now claim annual depreciation of up to 4%

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. A New Era: Personal Income Tax in Oman On 22 June 2025, Sultanate of Oman issued Personal Income Tax Law under Royal Decree No. 56/2025. The law introduces a 5% tax on personal income for individuals earning over OMR 42,000 per year (gross income). The tax becomes effective on 1 January 2028

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. Dubai has emerged as a regional leader in combating financial crimes, bolstering its anti-money laundering (AML) and counter-financing of terrorism (CFT) frameworks. The 2nd Annual Anti-Money Laundering & Compliance Conference took place in Dubai in February 2025, serving as a pivotal gathering

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. The UAE has introduced a significant tax reform under the framework of the OECD's Base Erosion and Profit Shifting (BEPS) 2.0 initiative. One of the key elements of this reform is the Domestic Minimum Top-Up Tax (DMTT), which is designed to align the UAE's tax regime with international standards

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. The UAE has recently made significant revisions to its economic substance regime, as outlined in Cabinet Decision No. 98 of 2024. This decision amends specific provisions of Cabinet Decision No. 57 of 2020, marking a crucial step in the UAE’s ongoing commitment to enhance tax compliance and alig

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. The UAE Corporate Tax Legislation mandates that all entities subject to taxation, along with specific exempt entities such as Qualifying Public Benefit entities and Qualifying Investment Funds, must complete registration for Corporate Tax (CT) with the Federal Tax Authority (FTA) to secure a Tax

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...