The UAE Capital Market Authority (CMA) has completely rewritten its laws and regulatory rulebook following an 18-month reform process. Announced by CMA Director General Waleed Al Awadi at the Meira 2026 conference, the reforms transition the regulator into a market developer while coordinating rules with DIFC and ADGM authorities.
The UAE Cabinet has issued Cabinet Decision No. 149 of 2026, introducing wide-ranging amendments to the Value Added Tax Executive Regulation. Most provisions take effect on October 1, 2026, revising rules across ten key areas including composite supplies, cash purchase deductions, and healthcare goods. A revised standard input tax apportionment mechanism will be deferred until after October 1, 2027.
The UAE Federal Tax Authority issued FTA Decision No. 17 of 2026, defining specific conditions for taxable businesses to recover input VAT on employee expenses. Effective October 1, 2026, the framework regulates benefits provided free of charge, including accommodation, transport, meals, and medical insurance. Businesses cannot claim VAT if cash alternatives are offered or if supplies serve personal benefits.
His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. (24) of 2026 reconstituting Dubai's Supreme Fiscal Committee. The committee is chaired by Sheikh Ahmed bin Saeed Al Maktoum, with Abdulrahman Saleh Al Saleh as Vice Chairman. The decree took effect immediately on September 30, 2026.
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