Recent amendments clarify how tax credits are applied and introduce a formal refund process for unutilised balances.

The Ministry of Finance introduced amendments to the executive regulation governing excise tax in the UAE.

The UAE will introduce a tiered excise tax on sweetened beverages based on sugar content, effective 01.01.2026.

Late tax payments in the UAE attract a 14% per annum penalty, and failing to disclose errors before an FTA audit adds a fixed 15% charge on top.

Federal Decree-Law No. (17) of 2025 introduces a five-year limit on tax refund requests and new FTA powers, with all changes taking effect on 01.01.2026.

The UAE will soon start sharing financial data on digital assets and crypto holdings with tax authorities worldwide under new international reporting standards.

The Federal Tax Authority has launched a technical service that allows UAE manufacturers to measure natural losses on excise goods and claim tax exemptions.

Missing a single mandatory element on a tax invoice can invalidate your entire VAT recovery claim, transforming recoverable tax into a permanent business cost.

Filing your first UAE Corporate Income Tax return is only the beginning, as businesses must manage ongoing payments, record-keeping, audits, and annual compliance to stay aligned with FTA requirements.

UAE businesses face penalties starting at AED 500 per month for late CIT filing, escalating to AED 1,000 after 12 months.