UAE Corporate Tax Update: Depreciation Rules for Investment Properties Explained
The UAE Ministry of Finance, through Ministerial Decision No. 173 of 2025, has introduced rules for applying depreciation on investment properties held at fair value under the Corporate Tax Law. This move provides clarity on how businesses can adjust their taxable income when electing to recognise gains and losses on
Understanding the New FTA Decision on Natural Shortage of Excise Goods in Designated Zones
Understanding FTA Decision on Natural Shortage of Excise Goods in UAE On 17th June 2025, the Federal Tax Authority (FTA) of the United Arab Emirates issued Decision No. 6 of 2025, laying down comprehensive standards, controls, and procedures to manage shortages in excise goods within designated zones, particularly when such
UAE’s Bold Legal Leap Toward Climate Neutrality
UAE’s Bold Legal Leap Toward Climate Neutrality In a decisive stride towards environmental sustainability and global leadership in climate action, the United Arab Emirates (UAE) has introduced Federal Decree-Law No. (11) of 2024 on the Reduction of Climate Change Effects. Signed into law by President, this legislation underscores the country’s
Tax Invoices and Input Tax Recovery in Concerned Services
In the ever-evolving landscape of UAE VAT legislation, clarity and compliance remain paramount. The Federal Tax Authority (FTA) has released Public Clarification VATP044, addressing a pivotal issue – the issuance of tax invoices and the entitlement to input tax recovery for Concerned Services. This clarification is instrumental for businesses engaged
Updated Reverse Charge Mechanism on Precious Metals and Stones in the UAE
Reverse Charge Mechanism UAE 2025 for Precious Metals and Stones The United Arab Emirates continues to refine its tax framework to align with global best practices and enhance compliance. A significant step in this direction is the introduction of Cabinet Decision No. 127 of 2024, which revises and expands the
VAT Treatment of Cryptocurrency Mining in the UAE
The growing prominence of cryptocurrencies has raised important questions regarding their tax implications, particularly in the context of cryptocurrency mining. Recognizing this emerging issue, the Federal Tax Authority (FTA) has issued a detailed clarification outlining the VAT (Value Added Tax) treatment of mining activities under the UAE’s taxation framework. Definition
