The UAE tax framework has evolved significantly since the introduction of Excise Tax (2017), VAT (2018), and most recently Corporate Tax (2023). To ensure compliance and efficient tax administration, the UAE Cabinet issued Cabinet Decision No. 40 of 2017, which sets out the system of Administrative Penalties for violations of the Tax Procedures Law and…
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 2026. This article provides a…
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 Decree-Law No. 47 of 2022…
The UAE is rolling out its new eInvoicing programme in 2024 as part of its vision to become a digitally-enabled, paperless economy. This initiative not only aims to streamline and modernize invoicing processes but also to foster transparency, improve audits, and enhance taxpayer compliance across the country. What is eInvoicing? Electronic invoicing (eInvoicing) is the…
Introduction to the UAE Tax Procedures Guide The UAE Tax Procedures Guide is outlined in Cabinet Decision No. 74 of 2023, which specifies the executive regulations for Federal Decree-Law No. 28 of 2022 on tax procedures in the UAE. This guide details requirements for maintaining accounting records, processes for tax registration and deregistration, and the…
Introduction The Federal Tax Authority (FTA) has released Public Clarification (CTP001) to specify the timeline requirements for corporate tax registration in the UAE. Timely and precise tax registration is crucial to avoid significant penalties and legal complications. This blog aims to deliver a thorough overview of the corporate tax registration timelines as outlined in FTA…
