Foreign exchange gains and lossesForeign exchange gains and losses are a routine part of doing business in the UAE, where companies regularly transact in US Dollars, Euros, British Pounds, and other currencies while maintaining their books in AED. Yet many finance teams still struggle to reconcile how these gains and losses are recorded under accounting …
Author: Lina Jacob
Lina Jacob
Lina Jacob is a finance consultant focused on cash-flow management, budgeting and funding options for small and medium-sized businesses in the UAE.
Corporate Tax for Freelancers in UAECorporate tax for freelancers in the UAE is one of the most misunderstood topics among independent professionals. Many believe the UAE is still completely tax-free for individuals. In reality, since the introduction of Federal Decree-Law No. 47 of 2022, certain freelancers and sole proprietors are treated as taxable persons, but …
Remit Money from UAERemit money from UAE at a moment when two of the region's most-watched currency pairs are moving in the same direction. Through much of 2026, both the Indian rupee and the Philippine peso have lost ground against the UAE dirham, and that combination has put a fresh spotlight on remittance timing for …
UAE Corporate Tax LossesUAE Corporate Tax losses are no longer just an accounting inconvenience under the Corporate Tax regime introduced by Federal Decree-Law No. 47 of 2022, they have become a genuine financial asset that businesses can carry forward, apply against future profits, and even transfer to other group entities. As the UAE Corporate Tax …
UAE Tax Audit Red Flags UAE tax audit red flags are no longer a concern reserved for large multinational groups. As the Federal Tax Authority (FTA) enters the second and third filing cycles of Corporate Tax and continues to mature its VAT enforcement framework, businesses of every size across Dubai, Abu Dhabi, Sharjah, and the …
Financial Planning for Startups in UAEFinancial planning for startups in UAE has shifted from a back-office formality to a survival requirement. As the country's corporate tax regime matures, VAT enforcement tightens, and investors ask sharper questions before writing cheques, founders in Dubai, Abu Dhabi, Sharjah, and the free zones can no longer treat their books …
Corporate Tax Treatment of Bad Debts in UAECorporate Tax treatment of bad debts in UAE has become one of the more misunderstood areas of Federal Decree-Law No. 47 of 2022, particularly as businesses move into their second and third filing cycles in 2026. Many finance teams assume that once an invoice is deemed uncollectible, it …
VAT Audit vs Corporate Tax Audit in UAEVAT Audit vs Corporate Tax Audit in UAE is one of the most common points of confusion for business owners as the country's tax framework matures. Since the introduction of Value Added Tax in 2018 and Corporate Tax in 2023, the Federal Tax Authority (FTA) has steadily expanded …
UAE Tax Reporting Rules for Multinational CompaniesUAE tax reporting rules for multinational companies have entered a new phase in 2026, as the Ministry of Finance moves to sharpen the country's implementation of the global minimum tax regime. On August 26, 2026, the Ministry issued Ministerial Decision No. 133 of 2026, a measure that spells out …
Related Party Transactions in UAE Corporate TaxRelated party transactions have become one of the most closely watched areas of UAE Corporate Tax compliance as the regime matures into its third filing cycle. Since the Federal Tax Authority (FTA) began enforcing Federal Decree-Law No. 47 of 2022, businesses with group structures, shareholder arrangements, or cross-border affiliates …
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