The Federal Tax Authority (FTA) of the United Arab Emirates released its comprehensive guide on the Profit Margin Scheme (VATGPM1) in January 2026, providing detailed guidance on this optional...
The Fundamental Reform On January 1, 2026, the UAE implemented a comprehensive reform to its excise tax regime for sweetened drinks, transitioning from a flat 50% ad valorem rate...
The UAE Federal Tax Authority (FTA) has announced a fundamental shift in how it taxes Sweetened Drinks, moving away from the current 50% ad-valorem tax. A new “tiered-volumetric model,”...
The UAE is set to introduce a sweeping, pro-taxpayer reform of its administrative tax penalties, effective 14 April 2026. This new framework, ushered in by Cabinet Decision No. 129...
This is a short update on recent requirement of submitting Declaration of the eligibility of formation of Tax group. FTA has issued a format of declaration for submitting the...
Executive Summary The United Arab Emirates (UAE) Ministry of Finance has initiated a comprehensive eInvoicing programme, a key component of the “We the UAE 2031” vision. This strategic initiative...
Scope: The rules for the Electronic Invoicing System apply to any person conducting business in the UAE for all of their business transactions, unless the person or the specific transaction...
1. What issue does this document address? The document addresses the transition of excise tax on sweetened drinks in the UAE from the current ad valorem model (percentage of...
1.0 Computation of Taxable Income 1.1 How is Taxable Income Computed? Taxable income is determined by taking a person’s accounting net profit and making a series of adjustments. Use...