
Transfer Pricing in UAE Corporate Tax: Compliance, Challenges & Best Practices
Introduction In May 2018, the UAE joined the OECD Inclusive Framework on BEPS, reinforcing its commitment to preventing profit shifting to low-tax jurisdictions. A key aspect of this commitment was the introduction of Transfer Pricing in UAE Corporate Tax regulations to ensure fair transactions between related parties. Initially, the UAE

Ministerial Decision No. 261 of 2024: Tax Guidance for Unincorporated Partnerships and Family Foundations
Introduction The Ministry of Finance of the United Arab Emirates (UAE) has issued Ministerial Decision No. 261 of 2024 to clarify the tax treatment of Unincorporated Partnerships, Foreign Partnerships and Family Foundations under Federal Decree-Law No. 47 of 2022 on Corporate Taxation. Effective retroactively from June 1, 2023, this decision

UAE EXCISE TAX UPDATE 2025: MINISTERIAL DECISION NO. 1 OF 2025
Introduction The UAE’s Ministry of Finance has introduced Ministerial Decision No. 1 of 2025, a critical update to the framework governing excise tax implementation. This decision, effective from January 3, 2025, focuses on refining the classification and pricing mechanisms for excise goods, particularly those related to electronic smoking devices, liquids,

VAT IMPLICATIONS FOR CRYPTOCURRENCY MINING
Introduction Cryptocurrency mining has emerged as a cornerstone of the digital revolution, playing a vital role in validating and securing blockchain transactions. As this innovative industry grows, understanding its regulatory and tax implications becomes critical. This article delves into the VAT treatment of cryptocurrency mining, particularly under proof-of-work mechanism, in

Raqeeb Whistleblower Programme
Introduction The Raqeeb Whistleblower Programme, introduced by the Federal Tax Authority (FTA), provides a legal framework for reporting tax non-compliance, promoting transparency and accountability in the UAE’s tax regime, covering Excise Tax, Value Added Tax (VAT), and Corporate Tax (CT). By incentivizing informants with potential monetary rewards, the programme fosters

Correcting Non-Tax Omissions in VAT Returns: FTA’s Latest Directive
Correcting VAT Return Omissions The Federal Tax Authority has introduced Decision No. 8 of 2024, outlining the mechanism for correcting errors or omissions in VAT tax returns. This decision, issued on November 1, 2024, and effective from January 1, 2025, is designed to provide clear guidelines for taxpayers in addressing