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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
Is Managing Your Own Accounts Holding Your Business Back? | Accounting & Bookkeeping Services in Qatar
For many small and medium-sized businesses in Qatar, managing accounting internally often starts as a cost-saving decision. In the early stages, handling invoices, expenses, and basic bookkeeping may seem manageable. However, as the business grows, this approach can become increasingly inefficient and risky. Accounting is not just about recording numbers,
Qatar Boosts Business Support Amid Regional Pressure: What It Means for Investors and Companies
Qatar boosts business support to strengthen its position as one of the most business-friendly destinations in the region, introducing a series of support measures aimed at protecting investors, supporting companies, and maintaining economic stability. At a time when regional pressure is creating uncertainty for businesses, Qatar’s latest business support initiatives
Saudi Vision 2030 and the Rise of Regional Headquarters: Transforming Global Business Dynamics
Saudi Arabia is rapidly emerging as a global economic powerhouse, driven by its ambitious Saudi Vision 2030 strategy. This transformative initiative is not only reshaping the Kingdom’s internal economy but also redefining how multinational corporations approach the Middle East. One of the most impactful developments under this vision is the
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Saudi Arabia Opens Real Estate Ownership to NonSaudis: A Remarkable Opportunity
Saudi Arabia has just taken a remarkable step that is already capturing global attention. For the first time in its modern regulatory history, the Kingdom has approved a law that allows foreign individuals and entities to own real estate within designated zones across the country. Published on July 25, 2025,
Citizenship by Investment
Citizenship by Investment (CBI) is the means to obtain a second citizenship and passport in a country other than one’s home country by investing in their economy. Though the pandemic and the ruckus that tagged along has affected the entire world in a grim way, new doors have opened for
GST – What’s new!
The GST council’s 32nd meeting was conducted in New Delhi on 10th January, and the meeting has proposed some key amendments. GST exemption threshold Sale of goods: The turnover limit of 20 Lakhs for availing GST registration exemption has been raised to 40 Lakhs w.e.f 1 April 2019. The limit
UAE Clarifies the Ruling of Expat Assets in the Absence of Heirs
The UAE has taken a significant step toward strengthening legal clarity and transparency with a new federal decree under the Civil Transactions Law. The move directly addresses a long-standing grey area: what happens to the assets of expatriates who pass away without leaving a will or identifiable heirs. Under the
Saudi Arabia’s Pre Budget Update FY 2022
The Ministry of Finance under the umbrella of Saudi Vision 2030, has issued the Pre-Budget Statement. Economic recovery and revived growth constitute key pillars underpinning fiscal and economic targets for FY 2022 . The governments effort in combating the pandemic have led to minimising the impact, has minimised the threat
How budget boosts spending on purchase of homes?
The interim union budget 2019-20 has a lot in offering to both the buyers and developers of homes in the form of tax reliefs and benefits. Home buyers are given many reliefs from notional rent to investing in two house property to claim exemption from tax. On the other side,