The Central Bank of the UAE has issued Circular No. 5/2026, introducing an updated governance and remuneration regime for banks and insurance firms. Regulated institutions must complete an internal gap analysis within 180 days and achieve full compliance within 15 months. The framework mandates stricter controls over risk-linked pay, incentive schemes, and annual compensation disclosures.
The UAE Ministry of Finance has eliminated preliminary approvals for e-invoicing service providers under Ministerial Decision No. 168 of 2026, effective October 1. Large companies with annual revenues of Dh50 million or more must appoint accredited providers by October 30, 2026, ahead of the January 1, 2027 launch.
Under Ministerial Decision No. 168 of 2026, UAE businesses must ensure their e-invoicing vendors have completed full accreditation. The new decision took effect on October 1, 2026, replacing an interim framework, and requires companies with annual turnover of Dh50 million or more to contract an accredited partner by October 30, 2026.
Companies in the UAE closing their financial periods on December 31, 2026, face statutory audit rules under expanded corporate tax compliance regulations. Entities with annual revenue above AED 50 million and Qualifying Free Zone Persons must submit audited financial statements. The framework also introduces a five-year audit limitation window for the Federal Tax Authority.
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