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.

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

'The Federal Tax Authority has announced the time-limit for companies to register for VAT in the UAE.'

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.

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.

The global nature of the financial crisis, liquidity constraints, declining asset values, general market uncertainty and the realisation that insolvency systems in the Middle East have not developed at the same pace as the business environment have placed insolvency and restructuring law reform firmly in the sights of the region’s policy makers.

The Emirate of Dubai has recently passed new amendments to the existing "Dubai Law No. 4/2018 on the Establishment of the Financial Audit Authority" ("LAW").

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.

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...

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.

The UAE continues to strengthen its tax governance framework through amendments to Cabinet Decision No. 74 of 2023 on the Executive Regulation of Federal Decree-Law No. 28 of 2022 on Tax Procedures, and its amendments...

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...

When times were good in the UAE, specifically in Dubai, there was seldom any reason for an insolvency case.