The UAE has announced new rules and deadlines requiring businesses to switch to digital invoices by July 2026, marking a major milestone in the country’s digital transformation drive. The move is designed to boost tax compliance, reduce errors, and streamline transactions, ensuring that companies across all sectors are ready for a fully digitized economy.
The UAE Central Bank has lowered its benchmark interest rate, a decision expected to make loans, mortgages, and business financing cheaper across the country. The move, which follows the U.S. Federal Reserve’s rate cut, is aimed at easing borrowing costs, stimulating consumer spending, and supporting key sectors such as real estate and small-to-medium enterprises.
Read MoreGold prices in the UAE have soared to record levels, with 22-karat gold now exceeding AED 400 per gram. Driven by global economic factors, geopolitical tensions, and investor demand, the surge is impacting both shoppers and investors. Residents are navigating higher costs for jewelry and bullion, while financial experts highlight gold’s enduring appeal as a safe-haven asset.
Read MoreThe UAE is preparing to roll out e-invoicing, a major step towards digital transformation in business and finance. This move aims to improve efficiency, transparency, and compliance for companies across all sectors. Businesses are now urged to start preparing for the transition, as e-invoicing will not only streamline tax processes but also enhance record-keeping and reduce errors.
Read MoreThe Federal Tax Authority (FTA) has reminded UAE businesses that corporate tax compliance is not optional, failure to maintain proper records/file returns on time could result in steep penalties. From keeping 7 years’ worth of financial documents to meeting strict filing deadlines, companies are now under increasing pressure to stay fully compliant as UAE strengthens its corporate tax framework.
Read More
