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 | Jul 7, 2025 | PREMA Insights
The Ministry of Finance has issued updated guidance on the formation, operation, and compliance obligations of Tax Groups under Federal Decree-Law No. 47 of 2022 (UAE Corporate Tax Law). Here’s what businesses need to know: 1. Who Can Form a Tax Group? A Parent...
by PREMA Team | Jun 11, 2025 | PREMA Insights
What is eInvoice? An eInvoice is an invoice that has been issued, transmitted and received in a structured data format which allows for its automatic and electronic processing. eInvoices are Not: Unstructured invoice data issued in PDF or Word formats Images of...
by PREMA Team | May 2, 2025 | PREMA Insights
The United Arab Emirates (UAE) continues to solidify its position in the global tax framework by issuing Ministerial Decision No. (88) of 2025, which provides administrative guidance on the application of the Top-Up Tax under Cabinet Decision No. (142) of 2024. This...
by PREMA Team | Apr 9, 2025 | PREMA Insights
Adjustments on Gains from Immovable Property Owned Before the First Tax Period (Article 2) Taxable Persons may elect to adjust their taxable income when disposing of immovable property, if the following conditions are met: The property was owned before the first tax...
by PREMA Team | Mar 21, 2025 | PREMA Insights
Definition of a Related Party (UAE Corporate Tax Law – Article 35) Under UAE Corporate Tax Law, Related Parties include: Individuals related within the fourth degree (e.g., family, including adoption or guardianship). A natural person and a company if the person...
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