UAE businesses must submit excise tax returns and settle liabilities with the Federal Tax Authority by October 15, 2026. The requirement applies to entities importing, producing, or stockpiling designated excise goods via the EmaraTax digital portal. The warning comes as the FTA issues guidelines for multinationals regarding the 15 percent Qualified Domestic Minimum Top-up Tax regime.
Chinese technology and robotics firms, including LinkerBot, are exploring manufacturing and assembly partnerships in the UAE to scale physical artificial intelligence hardware. The move aligns with the UAE's Operation 300bn initiative, which aims to expand the country's industrial GDP contribution to Dh300 billion by 2031.
Saudi Arabia has imposed definitive anti-dumping duties between 15.8 percent and 38.7 percent on Chinese aluminum beverage can lids. The five-year measure took effect on October 13, 2026, covering closures with diameters from 50 to 63 millimeters. The Zakat, Tax and Customs Authority has been tasked with collecting the duties.
Payward, the parent company of cryptocurrency exchange Kraken, has secured Full Market Approval from Dubai's Virtual Assets Regulatory Authority for its subsidiary Payward FZCO. The license permits the entity to operate as a regulated Virtual Asset Service Provider for retail, professional, and institutional clients. The platform will support AED-denominated pairs alongside direct dirham deposits and withdrawals.
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