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
Private Tax Clarifications in the UAE: What’s New in July 2025
Evolution of Guidance: Key Updates in the July 2025 Private Clarifications Guide Below, we delineate the core updates, contrasting them with the November 2024 version to highlight their impact. i. The Taxpayer’s Prerogative: A Reinforced Obligation for Vigilance A significant addition to the “Nature of Clarifications” section unequivocally places the
Top-Up Tax on Multinationals: UAE Adopts OECD Guidance through Ministerial Decision 88 of 2025
Top-Up Tax on Multinationals: UAE Aligns with OECD Under MD 88 of 2025 Ministerial Decision No. 88 of 2025, issued by the UAE Ministry of Finance, formally adopts the Commentary and Agreed Administrative Guidance under Cabinet Decision No. 142 of 2024 on the imposition of Top‑Up Tax on multinational enterprises. The Decision aligns the
Decision No. 35 of 2025: Establishing Taxable Nexus for Non-Residents
Decision No. 35 of 2025: Taxable Nexus Rules for Non-Residents By promulgating Cabinet Decision No. 35 of 2025 on 27 March 2025, the UAE Cabinet has expressly delineated the circumstances under which a non‑resident juridical person may be regarded as possessing a taxable nexus within the United Arab Emirates, in accordance with Federal Decree‑Law
Cabinet Decision No. 34 of 2025 on QIFs, QLPs, and REITs : Exemption Criteria and Compliance Requirements
Cabinet Decision No. 34 of 2025: Exemptions & Compliance for QIFs, QLPs, and REITs On 27 March 2025, the UAE Cabinet issued Decision No. 34 of 2025, updating and replacing the earlier Decision No. 81 of 2023 under Federal Decree‑Law No. 47 of 2022 on Corporate Tax. This latest directive clarifies which collective investment vehicles – namely Qualifying Investment Funds,
