The Framework for Tax Invoices and Credit Notes in the UAE VAT System
The regulation of Tax Invoices and Tax Credit Notes is a cornerstone of the UAE’s Value Added Tax (VAT) system, ensuring transparency, accountability, and proper tax collection. Articles 59 and Article 60 of the Executive Regulation of Federal Decree-Law No. 8 of 2017 define the requirements for these critical documents.
Application of Transitional Rules under Ministerial Decision No. 120 of 2023
The introduction of Corporate Tax in the UAE, regulated by Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, has created the need for transitional provisions. To ensure fair tax treatment of assets and liabilities existing before the implementation of Corporate Tax, Transitional Rules under Ministerial
Understanding Excise Goods and Taxation in the UAE: Cabinet Decision No. 52 of 2019 and 2025 Amendments
The United Arab Emirates (UAE) has consistently aligned its tax policies with international standards and regional agreements, particularly within the Gulf Cooperation Council (GCC). One such key development is Cabinet Decision No. 52 of 2019, which defines Excise Goods, Excise Tax Rates, and the methods of calculating the Excise Price.
Corporate Tax Treatment of Family Wealth Management Structures in the UAE
The Federal Tax Authority (FTA) has issued a Public Clarification (CTP008) to provide clarity on the corporate tax implications of family wealth management structures in the UAE. These structures, which include Family Foundations, holding companies, Special Purpose Vehicles (SPVs), Single Family Offices (SFOs), Multi-Family Offices (MFOs), and family members, are
Aggregate Financial Statements and Audit Requirements for Tax Groups in the UAE
The Federal Tax Authority (FTA) has issued detailed guidance on the preparation of Aggregated Financial Statements and the related audit requirements for Tax Groups under the UAE Corporate Tax Law. These clarifications are vital for businesses forming tax groups to ensure compliance with the law and its implementing regulations. Background
FTA Decision No. 7 of 2025: Requirements for Audited Special Purpose Financial Statements for Tax Groups in the UAE
On 16 July 2025, the Federal Tax Authority (FTA) issued Decision No. 7 of 2025, introducing detailed requirements for the preparation and maintenance of audited special purpose financial statements for tax groups. This decision applies to tax periods commencing on or after 1 January 2025 and is aligned with Federal
