Why 2025 Was a Turning Point for UAE AML Law The UAE’s Anti-Money Laundering and Counter-Terrorist Financing framework underwent its most substantial overhaul since the system was first built in 2018. Two new pieces of legislation replaced the laws that had governed UAE AML compliance for seven years — and they changed the framework not … Read more
The Securities and Commodities Authority (SCA) has taken firm action against companies for breaching UAE anti-money laundering and counter-terrorism financing rules. Since January 2025, the SCA has imposed fines totaling Dh1.15 million on companies found in default of these regulations, a clear signal that enforcement in this area is active and ongoing, not a once-off … Read more
The Federal Tax Authority (FTA) has confirmed a flat penalty of AED 10,000 for late Corporate Tax registration in the UAE, under Cabinet Decision No. 75 of 2023 on administrative penalties for violations related to Corporate Tax. This guide covers who this penalty applies to, common reasons it’s imposed, how to formally object to it, … Read more
The Singapore-UAE Double Tax Treaty (DTT), initially signed in 1989 and subsequently amended, with the latest amendment taking effect on 24 July 2019, introduced changes with significant implications for tax residents of both nations engaged in cross-border transactions. This article covers the key amendments to the DTT, how the treaty now interacts with UAE Corporate … Read more
A Dubai Customs audit examines whether a business’s import and export declarations, valuation, tariff classification and supporting documentation genuinely match what actually moved through the border. It is a different exercise from an FTA tax audit, and businesses that treat the two as interchangeable often walk into a customs audit with the wrong set of … Read more
In December 2020, the Federal Tax Authority (FTA) released an Excise Stock Movement Guide for Warehouse Keepers who are Registered for Excise Tax. The purpose of the Guide is to assist Warehouse Keepers (WHK) of the various Designated Zones (DZ) within the UAE to understand their responsibilities in respect of: The process of declaring the … Read more
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