UAE VAT Input Tax Apportionment – Key Updates & Amendments
The Federal Tax Authority (FTA) has released the updated VAT Guide on Input Tax Apportionment (VATGIT1) in September 2025, this update brings significant structural changes, introduces new concepts such as the Specified Recovery Percentage (SRP), and aligns the guidance with the latest VAT and tax procedure regulations. Businesses registered for
UAE’s Electronic Invoicing System – Ministerial Decisions 243 & 244 of 2025
On 29 September 2025, the UAE Ministry of Finance issued Ministerial Decision No. 243 of 2025 and Ministerial Decision No. 244 of 2025, introducing the long-awaited Electronic Invoicing System (E-Invoicing). These decisions set the legal foundation and implementation roadmap for businesses across the UAE, with phased adoption starting from July
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
