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Finance & Investment

Banking, fintech, funds, capital markets and cross-border investment

Policy & Legal Updates
Source: Arabian Business

UAE VAT Rules Clarify Input Tax Deductions Across Six Employee Expense Areas

UAE businesses can recover input value-added tax on six categories of staff expenses under Federal Tax Authority Decision No. 17 of 2026, which took effect on October 1 following its issuance on September 9. The eligible categories cover work transport, food and beverages in remote areas, employee accommodation, temporary housing for new hires, telecommunications, and business parking. Eligibility requires businesses to satisfy strict documentation and operational conditions, while personal benefits and cash allowances remain excluded from recovery.

Policy & Legal Updates
Source: Gulf News

Dubai Court Orders Law Firm to Return Dh1.1 Million Withheld From Client

The Dubai Court of First Instance has ordered a law firm to return Dh1.118 million collected on behalf of a corporate client but withheld for more than a year. The court also awarded Dh50,000 in damages and 5 per cent annual interest, ruling that lawyers cannot retain client deposits to offset legal fees without following statutory procedures.

Policy & Legal Updates
Source: Emirates 24|7

UAE Legal Expert Outlines Will Registration Options, Frameworks and Common Expatriate Mistakes

Expatriates residing in the UAE can register wills through Dubai Courts, the DIFC Courts Wills Service, or the Abu Dhabi Judicial Department to safeguard assets and prevent inheritance disputes. According to legal consultancy Awatif Mohammad Shoqi Advocates, individuals aged 18 and older are legally eligible to execute a will under the UAE Civil Transactions Law. Common drafting errors include relying on unverified foreign wills and failing to name alternate beneficiaries or guardians for minor children.

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