by PREMA Team | Oct 10, 2025 | Business
Dubai Virtual Assets Regulatory Authority fined 19 firms up to $163,000 for unlicensed operations and marketing rule breaches The Dubai Virtual Assets Regulatory Authority (VARA) has imposed financial penalties on 19 firms for operating without licences and breaching...
by PREMA Team | Oct 9, 2025 | PREMA Insights
Recent regulatory updates have clarified how tax groups must prepare their financial statements and the associated audit obligations, substantially impacting compliance processes for businesses operating in the UAE. Tax Groups Under UAE Corporate Tax Law A tax group...
by PREMA Team | Oct 9, 2025 | Uncategorized
Dubai launches pilot projects to tokenise gold and diamonds under a new DMCC–VARA partnership, advancing the city’s blockchain-driven future Dubai’s DMCC and the Dubai Virtual Assets Regulatory Authority (VAR A) are joining forces to pilot the tokenisation of gold and...
by PREMA Team | Oct 8, 2025 | Business
“This move eases cross-jurisdiction operations, opening cost-effective, low-risk pathways for businesses to engage in domestic trading and secure government contracts, and fostering growth for small enterprises and multinationals alike,” Dubai’s Department of Economy...
by PREMA Team | Oct 7, 2025 | Other Tax
The UAE Ministry of Finance has proposed legislative changes to roll out an updated excise tax on sugar-sweetened beverages starting January 1, 2026, replacing the current flat-rate model with a tiered system based on sugar content. In a statement, the Ministry said...
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