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INSIGHTS
The UAE will shift from a flat excise rate to a tiered volumetric model for sugar-sweetened drinks starting 1 January 2026. The change stems from Cabinet Decision 99 of 2025 and Public Clarification EXTP012. Key Changes: Tax by sugar content: Instead of a fixed 50%, drinks will be taxed based
Real estate investors in the UAE now have a clearer path under Corporate Tax: the July 2025 ministerial decision allows deductions on fair-value properties under specific conditions. What Changes for Investors: Applies to both new and existing properties if an election is made. Ensures fair treatment between cost-based and fair-value
On 14 March 2025, the UAE’s Federal Tax Authority issued Public Clarification VATP040 to clarify amendments under Cabinet Decision No. 100 of 2024, which became effective 15 November 2024. The changes affect how composite supplies, exports, financial services, and more are treated under VAT. Key Changes: Redefined composite vs multiple
Cabinet Decision No. 99 of 2025 introduces targeted amendments to the UAE Excise Tax framework, adjusting definitions, rules, and compliance mechanics, especially ahead of the 2026 sugar-based shift. Key Changes: Updated definitions & scope: Revision to how excisable goods, sweeteners, and beverage categories are defined under law. Alignment with volumetric
On 17 July 2025, the UAE Ministry of Finance published a ministerial decision introducing Depreciation Adjustments for Investment Properties held at fair value, providing clarity under the Corporate Tax Law (Federal Decree-Law No. 47 of 2022). Key Points: Irrevocable election: Taxpayers who use the realization basis can opt to deduct
The processes for VAT registration and deregistration in the UAE have been refined and updated through Cabinet Decision No. 100 of 2024, which amended the Executive Regulation of the VAT Decree-Law. Key Changes to VAT Registration Article 7 – Mandatory Registration: Updated thresholds and turnover calculation methods for determining whether
A pivotal element introduced by FTA Decision No. 6 of 2025, effective July 1, 2025, is the mandatory involvement of “Independent Competent Entities” in the process of determining natural shortages of excise goods. Who Are Independent Competent Entities? They are specialized laboratories officially approved by the Federal Tax Authority (FTA).
Under the 2025 VAT amendments, Saudi Arabia has elevated the importance of Transfer of Going Concern (TOGC) rules and cessation requirements for businesses changing ownership or closing operations. Amended TOGC & Cessation Provisions Supplier and recipient must notify ZATCA no later than the end of the next tax period. Cessation
Fulfilling tax obligations on time is critical to avoiding penalties in Oman. Key Filing Requirements Provisional Return Must be filed within 3 months from the end of the accounting period. Requires an estimate of income and tax payable. Final Return Due within 6 months of the year-end. An audit report
Compliance with Qatar’s Income Tax Law isn’t optional and failing to do so can lead to substantial financial penalties or even criminal charges, depending on the nature of the violation. Outlined in Articles 24 to 32, the penalty system is designed to promote transparency, discourage evasion, and ensure timely fulfillment
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