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...
by PREMA Team | Aug 28, 2025 | Corporate Tax, Other Tax, VAT
The Federal Tax Authority (FTA) reiterated that all businesses subject to UAE Corporate Tax must maintain comprehensive records and documents supporting the information provided in their tax returns, warning that failure to comply will result in administrative...
by PREMA Team | Aug 5, 2025 | Corporate Tax, Other Tax, VAT
The Ministry of Finance and the Federal Tax Authority (FTA) in UAE have announced a major revision to the excise tax structure applied to sugar-sweetened beverages (SSBs), introducing a new tiered volumetric model that links the tax per litre to the beverage’s sugar...
by Danissa Guotana | Jul 25, 2025 | Business, Corporate Tax, Other Tax, VAT
The UAE has emerged as the world’s most attractive destination for wealth preservation, with Abu Dhabi and Dubai topping the newly released Tax Friendly Cities Index 2025 by global mobility platform Multipolitan. The report underscores the UAE’s status as a global hub...
by PREMA Team | Jul 2, 2025 | Business, Other Tax
The Kuwait Ministry of Finance has issued a landmark decree introducing executive regulations for taxing multinational enterprise (MNE) groups — marking a major step in the country’s economic reform agenda and commitment to diversifying income beyond oil...
by PREMA Team | Jun 25, 2025 | Corporate Tax, Other Tax
The UAE Ministry of Finance has released Mutual Agreement Procedure (MAP) guidance to help taxpayers avoid double taxation through its global tax treaty network. The UAE Ministry of Finance has issued official Mutual Agreement Procedure (MAP) guidance to...
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