Most businesses have become comfortable with UAE corporate tax filing by now.  The deadlines are on the calendar, the forms are familiar, and finance teams are well into the rhythm. What fewer businesses have stopped to check is whether the accounting software they're running can actually keep up with what's coming next.  This includes everything from transfer pricing schedules to the phased rollout of e-invoicing.  This guide explains what that readiness actually looks like for finance directors, SME owners, and compliance officers working through UAE corporate tax compliance right now.

MCA through a notification dated 23 June, 2021 has issued the Companies (Accounting Standards) Rules, 2021. The Accounting Standards (AS) notified under the Rules will be applicable to companies...

On February 7, 2025, the Delhi High Court ("High Court") ruled in Deloitte Haskins & Sells LLP v. Union of India & Ors. on writ petitions by audit firms like Deloitte Haskins & Sells LLP and SRBC & Co. LLP...

The Guidelines provide draft clauses that have to be included in such contracts with cloud service providers.

In a developing market, where businesses are still closely promoter held and concentrated, related party transactions ("RPT(s)") are inevitable.

The purpose of the statutory audit is to determine whether a company is providing an accurate representation of its financial situation by examining the information, such as books of account, bank balance, and financial statements.

The Limited Liability Partnership (Amendment) Bill, 2021 was introduced in the Rajya Sabha on 30 July 2021.

The Environment Audit Rules, 2025, notified by the Ministry of Environment, Forest and Climate Change on 29th August 2025, is a strategic step towards strengthening regulatory compliance with the country's environmental...

The judgment of the Division Bench in the case of Indorama Synthetics(India) Limited vs State of Maharashtra and Ors in CrWP No. 1280 of 2010 furthers the trend of the courts in seeking to restrict stay of proceedings...

Legislation should be amended, if necessary, to ensure MNEs do not face undue hardship.

The Directorate General of Audit - Indirect Taxes (the Directorate General) has chalked out a comprehensive audit plan for audits to be conducted by the departmental officers based on the ‘risk scores’ of taxpayers.

Mega Cabs Pvt. Ltd. had challenged Rule 5A(2) of the Service Tax Rules, 1994, as amended by Notification No. 23/2014-ST dated 05.12.2014, which empowers deputing department officers...

The Ministry of Corporate Affairs, in its continuing drive to improve transparency and bolster integrity of financial reporting has amended the Companies (Accounts) Rules, 2014 requiring companies to ensure that the accounting software ...

Rule 6 elaborates on the function of recommending accounting and auditing standards.

A new valuation guide exclusively focused on valuations associated with portfolio company investments has been released.

The Companies Act, 2013 has defined internal control in two places. One definition is given under Section 134(5) (e). Another definition is given in Section 134(10) by way of inclusion of Standard on Auditing.

The Organization for Economic Co-operation and Development (OECD) Inclusive Framework released the report on Pillar One's Amount B, marking a significant milestone...

The GST regime, implemented in 2017, turns seven years soon, stepping into its proverbial childhood. In many ways, the sweeping tax reform has lived up to its promise...

India Budget 2019 includes a number of proposals on transfer pricing that shall have a material impact on cross-border transactions.

In the year 2000, by the introduction of Section 605 A of the Companies Act, 1956, the first step to give foreign companies access to raise capital via the Indian stock market was taken. The second step was taken in 2004 when the Indian Depository Receipt rules were framed. Finally SEBI has taken the third step on April 3rd 2006, in the back drop of the Indian stock exchanges boom, by the introduction of Chapter VIA in the Disclosure and Investor Protection Guidelines, by framing the eligibili