In the highly regulated UAE financial sector, having a suitably qualified finance officer is crucial to avoid regulatory breaches, financial penalties, and reputational damage that could harm operations. Whether launching a new regulated entity or optimizing an established one, the decision to outsource or hire an in-house finance officer is critical. What are your operational needs and […]
As we navigate the evolving landscape of Corporate Tax (CT) in the UAE, we highlight key points and strategic opportunities available to your organization. Key Compliance Dates Ongoing Obligations Strategic Tax Reliefs and Exemptions We have identified several opportunities, including: Next Steps Consult with our team to discuss how these developments may impact your organization […]
Operating in the ADGM or DIFC? Make sure to stay on top of your ongoing compliance and tax obligations. What’s going on? Our guidance and support Our recommendations If you have any questions or concerns, please do not hesitate to reach out to us. We are here to support you every step of the way […]
Application for Tax Transparency for Family Foundations is Now Open The Federal Tax Authority (FTA) has officially introduced the Tax Transparency application on the EmaraTax portal, enabling Family Foundations to apply to be treated as Unincorporated Partnerships. Tax Transparency provides Family Foundations with an opportunity to have their income attributed directly to their founder and […]
The Federal Tax Authority (FTA) issued Public Clarification TAXP007 (Clarification) announcing the special dispensation for updating records with the FTA. The FTA has implemented a grace period from 1 January 2024 to 31 March 2025 (grace period), allowing the registrants to rectify their tax records without incurring administrative penalties. Background Practical ambiguities encountered while amending […]
In a significant step towards deepening the integration of regional financial markets, the GCC Council has approved a new regulatory framework for fund passporting, which is set to come into force in early 2025. This marks a milestone, as investment fund units become the first financial product regulated under a unified GCC framework. Through the […]
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