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Real Estate Tax Shifts in the UAE: A New Era for Investment Property Accounting

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%

Oman’s 2028 Income-Tax Shake-up: What Expats and High Earners Should Know

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

Strengthening AML and CFT Compliance in Dubai: A Closer Look at Education and Enforcement

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

Amendments to IAS 12

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

VAT Voluntary Disclosure Penalty Calculation

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

Answering Major Questions About VAT

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

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