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UAE Tightens Corporate Governance and Anti-Money Laundering Rules: What It Means for Businesses in 2026 Category: Corporate Compliance & Business Advisory
The United Arab Emirates has taken another decisive step to cement its reputation as one of the world’s most trusted and investor-friendly business destinations. In a recent meeting of the country’s Economic Integration Committee, senior officials reviewed a fresh set of measures designed to strengthen corporate governance, tighten the framework
UAE Corporate Tax Clarifications 2026: 15 Important Lessons for Businesses
The UAE Corporate Tax framework is entering a more mature stage. Businesses are no longer dealing only with questions about registration, applicable tax rates, and filing deadlines. Increasingly, the focus is shifting towards how the Federal Tax Authority may interpret specific business structures, transactions and operating arrangements in practice. The
Saudi POS Spending Hits $3.36 Billion: A Strong Signal for Business Confidence in the Kingdom
Saudi Arabia’s point-of-sale spending has once again highlighted the strength of consumer activity in the Kingdom. According to recent market reports based on Saudi Central Bank data, weekly Saudi POS spending edged up by 1.9% to $3.36 billion, reflecting continued movement across retail, food, services, lifestyle, and other consumer-driven sectors.
GCC-UK Free Trade Agreement: Key Business Opportunities for Companies in the Gulf
The newly concluded GCC-UK Free Trade Agreement marks an important milestone in trade relations between the United Kingdom and the Gulf Cooperation Council. The agreement is expected to reduce trade barriers, remove tariffs on key goods, strengthen access to services, and create new business opportunities across the UAE, Saudi Arabia,
The Dual Mandate: When Internal Auditors Must Both Use AI – and Audit It
The Dual Mandate – A strategic framework for GCC organizations navigating algorithmic accountability “When did your internal audit function last issue a finding about an AI system? Not cybersecurity in general – but specifically about an algorithm your organization uses to make consequential decisions?” If the answer is never, you
Audit-Ready Financial Statements Under UAE Corporate Tax: What Businesses Need to Know
The UAE Corporate Tax regime is moving into a more mature phase. The focus is no longer only on registration, filing deadlines, and tax calculations. Businesses are now expected to demonstrate that their financial records are reliable, complete, and ready for review. Ministerial Decision No. 84 of 2025 has clarified
UAE VAT & Tax Rules Are Changing from January 1, 2026 – What Every Business Owner Must Know
The UAE has overhauled core sections of its VAT and Tax Procedures framework through two landmark decrees – Federal Decree-Law No. 16 of 2025 (amending the VAT Law) and Federal Decree-Law No. 17 of 2025 (amending the Tax Procedures Law). Both took effect on 1 January 2026. If your business is VAT-registered in the
Share Application Money – Account, Collection and Refunds
The arrival of joint-stock companies was indeed a revolutionary step in the industrial scenario of the Indian economy. The Companies Act that came in 1956 to govern joint-stock companies in India was recently replaced by an improved and enhanced Act passed in 2013. Even 6 years later, there are a
Qatar Introduces Cheque Payment Reforms: Key Amendments to Commercial Law
Qatar has introduced key amendments to its Commercial Law, effective April 2024, to address issues related to cheque payments. The new provisions require banks to make partial payments to cheque holders, even if there are insufficient funds in the payer’s account while giving holders the option to decline. Cheque holders
Withholding Tax in Qatar: Why Contract Declaration Is Now Mandatory for WHT Filing (Dhareeba Guide)
The General Tax Authority (GTA) in Qatar has introduced a significant update to withholding tax (WHT) compliance, making contract declaration through the Dhareeba portal mandatory before filing WHT returns. This change directly impacts how businesses in Qatar manage tax reporting—especially those dealing with non-resident service providers. Understanding this new requirement
MoCI Digital Integration & Stock Reporting Rules in Qatar: What Businesses Must Do Now (2026 Compliance Guide)
Qatar’s Ministry of Commerce and Industry (MoCI) has introduced stricter compliance requirements mandating digital system integration and real-time inventory tracking for businesses operating in Qatar. These new rules are part of Qatar’s broader push toward digital compliance, financial transparency, and regulatory control. Businesses that fail to align with these requirements
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Saudi Arabia Tightens Oversight Across Health and Environmental Safety Sectors
Saudi Arabia is reinforcing its commitment to public health, consumer protection, and environmental safety through decisive regulatory action across multiple sectors. Recent developments involving medical devices and pesticide regulation reflect a broader national approach, one that prioritizes safety, accountability, and strict compliance with established standards. In the healthcare sector, the
Interest-free Banking in India – Challenges
Indian banking laws do not explicitly prohibit Interest-free banking but there are provisions that make it an almost unviable option. Banks in India are governed under the Banking Regulations Act 1949, Reserve Bank of India Act 1934, Negotiable Instruments Act 1881, and the state and central Co-operative Acts. One of
Saudi Arabia’s Strategic Move to Boost Industrial Competitiveness and Attract Foreign Investment
The Saudi government has approved new regulations that exempt industrial inputs from customs duties. This move is set to significantly reduce production costs and elevate the global competitiveness of Saudi-made products. The exemptions cover various essential industrial inputs, including machinery, equipment, spare parts, primary raw materials, semi-manufactured materials, and packaging
Historic labor reforms comes into force in Saudi Arabia
The landmark initiative ends the 70 year old Kafala (Sponsorship) System in the Kingdom. Saudi Arabia’s Ministry of Human Resources and Social Development formally declared that the new labor reform initiative will come into force on March 14, 2021. Ministry said that this labour initiative is in continuation with Saudi’s
Caring for ageing India
Sri. Arun Jaitley, the Finance Minister of India spoke in the budget speech 2018 regarding the importance of taking care of the weaker sections of the society. He said; “A life with dignity is a right of every individual, in general, more so far the senior citizens. To care for those
Restrictions on cash transaction -III
We have seen how Demonetization process was initiated, and the supply of cash in the economy was regulated through exercising Disallowance on expenses incurred in cash, or by imposing higher tax rates on several transactions. This part of the article intends to discuss the other restrictions initiated post-demonetisation phase C-