UAE corporate entities must comply with Federal Tax Authority Decision No. 13 of 2026 regarding input VAT deductions. Taxable businesses are required to verify supplier identity, commercial address, license validity, and transaction rationale before claiming input tax. The FTA may deny claims under a 'knew or should have known' standard if transactions involve tax evasion.
The UAE federal government updated its official customs duty and tariff documentation across all emirates on October 28, 2026. The standard customs tariff remains at 5 percent of CIF value, with higher rates applied to alcohol and tobacco. Imports from GCC nations qualify for domestic treatment if at least 40 percent of raw materials originate within the bloc.
The UAE Ministry of Finance and the Federal Tax Authority have reminded businesses generating Dh50 million or more in annual revenue to appoint an Accredited Service Provider by October 30, 2026. Non-compliant firms face monthly administrative penalties of Dh5,000. Full mandatory e-invoicing for this group will take effect on January 1, 2027, followed by smaller firms later that year.
The Central Bank of the United Arab Emirates has held its base rate on overnight deposit facilities at 3.9 percent. The decision follows the US Federal Reserve's move to keep its interest rate on reserve balances unchanged. The UAE regulator also maintained the borrowing rate for short-term liquidity at 50 basis points above the base rate.
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