The UAE’s Two Economies: Record Oil Meets a Slowing Non-Oil Sector By Shahaab Ikram On paper, the UAE economy just posted two numbers that look like they belong to different countries. The first: crude oil and condensate exports surged to a record 4 million barrels per day in June, beating the pre-war level of 3.4 […]
UAE E-Invoicing Just Went Live: What the July 1 Pilot Means for Your Business The UAE’s e-invoicing era didn’t start with a bang. It started with a pilot — and that’s exactly why finance teams should be paying attention right now, not in January. On July 1, 2026, the Ministry of Finance and Federal Tax […]
Two data points landed this week that, taken together, reveal more about the UAE’s economic trajectory than any single forecast ever could. The Central Bank of the UAE released its June 2026 Quarterly Economic Report, revising 2026 GDP growth down sharply to 1.7% — a sobering adjustment from earlier projections of around 5%. The culprits […]
IFRS 16 Leases: The UAE Corporate Tax Book-to-Tax Gap CFOs Must Close Now IFRS 16 Leases: The UAE Corporate Tax Book-to-Tax Gap CFOs Must Close Now IFRS 16 has been the law for nearly six years. Yet many UAE finance teams still treat lease accounting as a simple bookkeeping adjustment — not a corporate tax […]
When the FTA convenes the VAT Business Advisory Group to discuss compliance and transparency, CFOs need to listen closely. Here is what the meeting signals and what you must do now.
The OECD just released the most significant revision to Chapter VII of the TP Guidelines since BEPS. Consultation closes July 22. Here’s what every UAE business with management fees, shared services, or cross-border charges must do now.
The IASB issued IFRS 18 Presentation and Disclosure in Financial Statements in April 2024, and for UAE businesses following IFRS, the clock is ticking. While the standard becomes mandatory for financial years beginning on or after 1 January 2027, the real work — the systems, process, and reporting framework changes — must happen in 2026. […]
The UAE is implementing four major regulatory changes this June — stricter payroll deadlines, new Civil Code framework, e-invoicing pilot, and unified tax compliance rules. Here’s what every CFO must act on immediately.
One of the most important — and most misunderstood — provisions of the UAE Corporate Tax law is Small Business Relief. If your business qualifies and you elect for it correctly, your Corporate Tax liability for the period is zero. Here is everything UAE business owners need to know before the September 30, 2026 filing […]
EmaraTax is the Federal Tax Authority’s online portal for all UAE tax filings — VAT, Excise Tax, and now Corporate Tax. If you are filing your UAE Corporate Tax return for the first time, here is exactly what to expect and how to get it right. Step 1: Confirm Your EmaraTax Registration Before you can […]
