Electronic Invoicing ("e-invoicing") is rapidly becoming a global standard as Tax Authorities adopt structured, real-time compliance systems to improve transparency, reduce fraud, and streamline tax administration.

The uncertainty regarding whether or not VAT will be applied in the free zones has also been clarified by the release of the Regulations

When a company or business activity in the UAE comes to an end, the taxpayer is required to notify the Federal Tax Authority (FTA) and de-register for Corporate Tax (CT) within three months of that date.

On 2 May 2025, the UAE's Cabinet of Ministers ("Cabinet") issued Cabinet Decision No. 55 of 2025 on the Exemption of Certain Persons from Corporate Tax ("Cabinet Decision No. 55 of 2025")...

The UAE has long been considered an attractive destination in which to work, live or set up a business. One of the primary reasons for this is the well-known statement that the UAE is ‘tax free'.

Actually, United Arab Emirates will start exchanging information referring to fiscal year 2017.

Multinational entreprises (MNEs) may decide to establish a Holding Company (HoldCo) as an efficient way of managing a group of subsidiaries in a particular region.

Wasel & Wasel has represented clients in over two hundred tax dispute procedures in the United Arab Emirates, gaining valuable experience in protecting taxpayers from tax penalties.

The UAE Corporate Tax (CT) law has been made applicable with effect from the financial year beginning on or after 1 June 2023. One of the important requirements of UAE CT Law...

On 30 April 2019, the UAE Cabinet issued Resolution No.31 of 2019 (concerning economic substance regulations in the UAE, the "Regulations") requiring all in-scope UAE entities ("Relevant Entities")...

If the transient bout of economic recession is kept aside, yester years witnessed huge growth in the financial sector of the UAE. This inspired a big chunk of expatriate population to relocate to the UAE both for employment and investment.

The DLD specifies that the reduced tax will be levied in the case of the total or partial donation of a property to immediate relatives (first degree relationships), such as spouse or children.

A Non-Resident Indian (NRI) is an Indian that is located abroad or overseas, living outside the territory of India and has been legally defined under the Foreign Exchange Management Act of India...

In 2023, the UK Government announced it was introducing its own Carbon Border Adjustment Mechanism ('UK CBAM').

On 9 December 2022, the UAE released the long-awaited Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses ("Corporate Tax Law" or "CT Law").

The UAE Corporate Tax (CT) Law has been implemented effective 1 June 2023. The CT law that was first released in December last year has a specific provision for Free zone companies in UAE...

In the UAE, corporate taxation is governed by Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses, providing a comprehensive legal framework outlining tax imposition...

The United Arab Emirates, a popular tax haven, will succumb to its first direct tax- the value added tax. The New Year will ring in a VAT in the UAE at a moderate rate of 5% (worldwide VAT levels range from 0% to 25%).

The new UAE law on taxation of corporate ("Corporate Tax Law") and business income was promulgated on 03 October 2022 and applies to tax periods commencing on or after 01 June 2023.

In late June 2025, the United Arab Emirates ("UAE") Ministry of Finance ("MoF") released official and updated guidance on the Mutual Agreement Procedure ("MAP"). A MAP is a treaty-based framework that enables taxpayers to resolve double...