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.
The UAE Ministry of Finance has eliminated the preliminary approval stage for electronic invoicing service providers, requiring them to secure direct accreditation before offering services. Issued under Ministerial Decision No. 168 of 2026, the updated framework took effect on October 1, 2026, ahead of the October 30 deadline for large businesses to appoint an accredited provider. Service providers that previously held preliminary approval have 30 days from October 1 to complete the necessary assessments and testing.
The UAE Ministry of Finance has issued Ministerial Decision No. 168 of 2026, revising accreditation rules for e-invoicing service providers. Businesses earning Dh50 million or more must appoint an accredited provider by October 30, 2026, ahead of the January 1, 2027 rollout. Service providers must now complete formal testing and readiness evaluations for direct accreditation.
China's tax authorities announced a reduction in the value-added tax export rebate for new energy vehicles from 13 percent to 9 percent, effective April 1, 2027. The measure affects battery electric and plug-in hybrid vehicle shipments to foreign markets including the Gulf. Domestic consumption tax refund and exemption structures remain unchanged.
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