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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
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,
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Saudization will not be forced on investors: Al Falih
RIYADH, SAUDI ARABIA — Minister of Investment Eng. Khalid Al-Falih said that Saudization will never be coerced upon foreign investors. It should happen organically. He was addressing a panel session at the fifth edition of the Future Investment Initiative (FII) in Riyadh on Tuesday (26/10/2021). The Future Investment Initiative took off
Saudi Arabia Achieves Vision 2030 Milestone with 540 Regional Headquarters for Global Companies
In a significant achievement of Saudi Arabia’s Vision 2030 goals, Minister of Investment Khalid Al-Falih announced that the Kingdom now hosts 540 regional headquarters for international companies, surpassing its original 2030 target of 500. Speaking at the eighth Future Investment Initiative (FII8) at the King Abdulaziz International Conference Center in
Permits granted to 4 new FinTech firms to operate under Regulatory Sandbox by Saudi Central Bank
Riyadh: The Saudi Central Bank (SAMA) announced granting a new batch of companies the permit to provide Open Banking Solutions in the Regulatory Sandbox. Permitted FinTechs are: Wally Global Arabia Sanam Aliliddikhar for Information Technology Istishraf Al-Bayanat for Financial Technology Spare Arabian Financial Company This will bring the whole number of
Saudi: Draft Investment Law Published
Investors can express their views and feedback on the latest draft investment law till 05 May, 2022. The Ministry of Investments Saudi Arabia (MISA) has climbed another historic milestone by publishing an investor friendly draft of the latest investment law. The Law aims to attract Direct Investments, enhance the investment
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
How does an interest free bank work?
The pathways in the development of alternative financial institutions or interest-free banks were discussed in the previous part. let’s see the theoretical aspects of an interest-free bank. How does an interest-free bank work? There are mainly two methods of operation following Interest-free banks. Musharakah and Mudarabah Mudarabah Mudarabah is a