Generative AI is becoming a key driver of business growth and customer engagement, yet many private companies remain behind larger organisations in adoption. This article examines the opportunities and challenges of AI adoption in the UAE, where businesses are increasingly leveraging AI to enhance personalisation, improve operational efficiency and support digital transformation strategies.
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Fraud and money laundering are increasingly interconnected risks, with money mule activity acting as a key enabler of criminal networks. This report examines how fraud and AML teams can collaborate more effectively through intelligence sharing, enhanced detection capabilities and integrated financial crime risk management to combat emerging threats.
The UAE has introduced targeted amendments to its VAT Executive Regulations through Cabinet Decision No. 149 of 2026. This article examines the most commercially significant changes, including updates to input tax recovery, single composite supplies, employee-related expenses, high-value cash payments and input tax apportionment, alongside key clarificatory amendments that may require businesses to review their VAT policies, documentation and compliance processes.
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In our May 2023 edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting International Tax, Transfer Pricing and Indirect Tax in the UAE and across the GCC Region.
In our April 2023 edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting International Tax, Transfer Pricing and Indirect Tax in the UAE and across the GCC Region.
The logistics sector has had a positive start to 2023, primarily driven by a stable macro-economic environment, proactive government policies, increasing demand for logistics services due to the growth of e-commerce, technological advancements, and growing investor confidence in the sector's long-term potential.
The UAE Ministry of Finance has issued Ministerial Decision No. 73 of 2023 on Small Business Relief for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.
M&A continued to prosper in the first five months of 2022 after a record-breaking year in 2021, although the 16 June 2022 US Federal Reserve Bank interest rate increase coupled with increased macroeconomic uncertainty marked a significant turning point for the global deal market.
In our March 2023 edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting International Tax, Transfer Pricing and Indirect Tax in the UAE and across the GCC Region.
Grant Thornton’s International Business Report (IBR) has been casting a light on the issue of gender diversity in senior management at mid-market businesses for 19 years, exposing barriers and identifying facilitators of change.
In our February edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting International Tax, Transfer Pricing and Indirect Tax in the UAE and across the GCC Region.
In spite of the global downturn in the capital markets, the UAE has not only resisted this trend but has even shown record levels of IPO activity. This trend is likely to continue and provide organisations and shareholders new avenues for growth.
The regional economy performed strongly in the fourth quarter of 2022 owing to a successful FIFA World Cup, a booming tourism season, and favorable trade agreements being signed by energy exporters. Furthermore, the quarter saw an influx of new capital as international and domestic investors opened new offices in the region.
In our January edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting International Tax, Transfer Pricing and Indirect Tax in the UAE and across the GCC Region.
In our December edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting International Tax, Transfer Pricing and Indirect Tax in the UAE and across the GCC Region.
On 9 December 2022, the UAE Ministry of Finance (MoF) released the Federal Decree-Law No.47 of 2022 on the Taxation of Corporations and Businesses which will be effective for Tax Periods commencing on or after 1 June 2023.
Heading towards the new year, food security remains on top of the agenda for the region, while enhancements in food tech, and the continued rise of meat and dairy alternatives providing have proved to be a nifty tool to combat lingering supply chain and labor shortages and addressing food security.
In our November edition of GT’s Monthly Tax Newsletter, you can read the latest news updates affecting International Tax, Transfer Pricing and Indirect Tax in the UAE and across the GCC Region.
In September 2022, the Ministry of Finance (MoF) released Cabinet Decision No. (85) of 2022 (the “Decision”) which details out the requirements and conditions for determining the tax residency of legal and natural persons in the UAE. Branches of foreign entities shall not be considered as tax residents in the UAE. The Decision acknowledges the parallel importance of the international agreements and stipulates that the provisions of the double taxation treaties could apply to determine the tax residency of a person. Further, the FTA may request any information from any government entities in the UAE in order to identify the tax residency of a person.