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UAE Introduces Reverse Charge Mechanism for VAT on Scrap Metal Trading
- 26.12.2025
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
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From 14.01.2026, VAT on scrap metal transactions in the UAE will be accounted for by the buyer, not the supplier.
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New Rules for Tax Settlement and Credit Refunds
- 26.12.2025
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
Recent amendments clarify how tax credits are applied and introduce a formal refund process for unutilised balances.
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Federal Procurement Access Expands for UAE SMEs
- 19.12.2025
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The Ministry of Finance and Khalifa Fund have signed an agreement giving accredited SMEs direct access to federal government contracts through the digital procurement platform.
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UAE Economic Growth in 2025
- 19.12.2025
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
Record investment, new company registrations, and expanded trade partnerships mark another strong year for business in the UAE.
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UAE Amends Excise Tax Executive Regulation
- 19.12.2025
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
The Ministry of Finance introduced amendments to the executive regulation governing excise tax in the UAE.
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UAE Amends Commercial Companies Law
- 11.12.2025
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE has amended its Commercial Companies Law to introduce non-profit companies, multi-class shares, and easier business relocation.
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UAE Tiered Excise Tax on Sweetened Beverages
- 11.12.2025
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
The UAE will introduce a tiered excise tax on sweetened beverages based on sugar content, effective 01.01.2026.
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UAE E-Invoicing Penalties Announced
- 11.12.2025
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
Cabinet Resolution No. (106) of 2025 sets out the administrative fines that will apply to businesses required to use the E-Invoicing System in the UAE.
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Understanding UAE Tax Penalties
- 05.12.2025
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
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.
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UAE Economy Set to Grow 4.8% in 2025
- 05.12.2025
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The World Bank forecasts 4.8% economic growth for the UAE in 2025, the highest in the GCC.
