36 results found

TMF Group, in association with ACCA, looks at the big issues that are facing businesses planning to set up or expand in the United Arab Emirates.

In a remarkable development aimed at stimulating auditing standards and introducing greater confidence in business practices, the UAE has introduced the New Federal Decree-Law No. 41/2023 ...

The UAE has recently issued updated Economic Substance Regulations which repeal and replace those announced in April 2019.

The United Arab Emirates ("UAE") has significantly enhanced its legislative framework for the exchange of information for tax purposes through the issuance of Cabinet Resolution No. 209 of 2025.

The introduction of Corporate Tax (“CT”) in the United Arab Emirates (“UAE”) has brought about a fundamental shift in the way businesses approach accounting and financial reporting.

Most businesses operating in the UAE start managing their finances with a basic setup at the outset. They hire an accountant to work on invoices, payroll, VAT, vendor payments, reconciliations, and reporting. For the initial few months, the system works fine. However, as businesses grow, the department notices a surge in transactions. There are more employees, multiple bank accounts, and tighter deadlines to manage.

Rita Abou Samra and Aishwarya More examine the latest 2025 compliance reforms introduced by DIFC and ADGM, highlighting key amendments to the DIFC Data Protection Law and ADGM's new auditor registration framework. The analysis explores expanded individual rights, broader application of data protection regulations, and the practical steps businesses must take to ensure compliance with these new governance requirements.

Insurance Financial Reporting Standards (IFRS) 17 represents a new and unprecedented international reporting and disclosure regime for the insurance industry.

A careful analysis is required on the choice of transition approach, as this will not only affect financial statements at the adoption date but also for future years.

BDO has released IFR Bulletin 2021/02 identifying hyperinflationary economies based on the forecast data published by the IMF.

The Federal Tax Authority (“FTA”) has issued Public Clarification CTP010, providing guidance on the meaning of “director” and “officer” for the purposes of the UAE Corporate Tax regime.

This standard sets out the procedures that an entity must follow when it adopts International Financial Reporting Standards (IFRS) for the first time as the basis...

Cabinet Decision No. (74) of 2023 on the Executive Regulation of Federal Decree-Law No. (28) of 2022 on Tax Procedures (New Executive Regulation) was issued...

On 9 December 2022, the UAE released the Corporate Tax (CT) Law through Federal Decree No 47 of 2022 (CT law). This follows an earlier announcement in January 2022...