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The UAE Ministry of Finance (MoF) recently issued guidance on Mutual Agreement Procedure (MAP) to inform taxpayers about its purpose, the circumstances under which it can be applied, the required documentation for submitting a MAP request, and the procedural steps involved.

The Ministry of Finance has announced significant updates to the existing Cabinet Decision in relation to Qualifying Investment Funds and Qualifying Limited Partnerships, with the release of Cabinet Decision No. 34 of 2025 which has replaced Cabinet Decision No. 81 of 2023.

The transfer pricing provisions in the UAE Corporate tax law impose an obligation on UAE taxpayers to determine the pricing of related party transactions in accordance with the Arms’ Length Principle (‘ALP’). Failure to comply with the ALP will warrant Transfer Pricing (‘TP’) adjustments.

The UAE Federal Tax Authority (FTA) has issued Public Clarification VATP040, which provides further guidance regarding specific amendments introduced by Cabinet Decision No. 100 of 2024 to the UAE VAT Executive Regulations.​ This alert does not encompass all amendments; rather, it focuses on the key clarifications issued by the FTA that present new interpretations or significant updates beyond prior knowledge. Read the article to learn more:

The GCC region is undergoing a major digital transformation in tax administration, with e-invoicing systems leading the way and the UAE is at the forefront of this change. Recently, the Ministry of Finance (MoF) released a Public Consultation paper on e-invoicing, with Grant Thornton actively participating to provide valuable feedback.

On 3 March 2025, the Federal Tax Authority (‘FTA’) published FTA Decision No. 2 of 2025 on FTA Policy for Issuance of Clarifications and Directives (‘Decision’). This Decision is effective from 1 March 2025. In Section IV (3) of the Decision, a mechanism was provided for issuing directives through unilateral Advance Pricing Agreements (‘APAs’).

The National In-Country Value (ICV) Program is a UAE government initiative aimed at generating economic benefits through redirecting government procurement expenditures and those of leading national companies to the UAE economy through the industrial and services sectors. It encompasses the total amount spent within the country on manufacturing, local products and services, and other national investments.

The Ministry of Finance (MoF) has issued the Public Consultation Document (PCD) on e-invoicing, marking a major milestone in the UAE's digital transformation. Stakeholders are encouraged to provide their feedback by February 27, 2025. Read our detailed article to understand the full impact of the PCD and learn how to prepare your business for e-invoicing.

We are pleased to share the latest edition of our quarterly F&B publication, offering insights into the economic outlook and key trends in the regional F&B sector for 2025 and beyond.

The United Arab Emirates (UAE) VAT Executive Regulations (VAT ER) came into effect on 15 November 2024 and will significantly impact businesses across industries. Specific amendments were made relating to input tax apportionment and these will be crucial for businesses engaged in providing exempt supplies in the UAE.

We hope you find this update useful, for any further inquiries please reach out to the team listed within the article or the webpage.

The Federal Tax Authority (FTA) has issued new guidance on Related Party Transactions and Connected Persons. Non-compliance may lead to penalties. It's advised to review financial records and maintain proper Transfer Pricing documentation. For tax compliance guidance, please reach out to our team of experts on our website. Read more:

We hope you find this update useful, for any further inquiries please reach out to the team listed within the article or the webpage.

As part of a series of developments announced by the Ministry of Finance on e-invoicing implementation, the latest update introduces amendments to the VAT Law to incorporate the changes for e-invoicing implementation. Our alert summarizes these changes and offer guidance on how businesses can prepare effectively for e-invoicing.

n continuation to our previous Tax Alert released in September 2024 on UAE Tax Residency Rules for Individuals, we would like to bring to your notice that the UAE Federal Tax Authority (FTA) released a new Guide (TPGTR1) on “Tax Residency and Tax Residency Certificate” on October 18, 2024. To learn more please read our article, kindly reach out to the team if you have any questions.

Thank you for reading and sharing our Sector Focus: Exploring the Maritime Ambitions of GCC ports article. Please reach out to the team if you have any questions.