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Policy & Legal Updates
Source: Emirates 24|7

UAE Outlines Conditions for VAT Recovery on Six Employee Expense Categories

The UAE Federal Tax Authority has issued rules permitting VAT-registered businesses to recover input tax on six employee expense categories. Eligible areas include employee transport, restricted meals, work accommodation, temporary lodging, telecom services, and business parking. Qualification requires a formal contractual obligation or documented policy and excludes cash allowance alternatives.

Industry News
Source: Gulf News

Abu Dhabi Real Estate Transactions Surge 76% to Dh171.26 Billion

Abu Dhabi's real estate transactions reached Dh171.26 billion in the first nine months of 2026, marking a 76 percent year-on-year increase according to the Abu Dhabi Real Estate Centre. Foreign direct investment from non-resident individuals doubled to Dh17.22 billion, with Chinese investors ranking among the leading contributors alongside buyers from the UK, Russia, the US, France, and Germany.

Policy & Legal Updates
Source: ECNS

China and Oman Sign MOU on Securities and Futures Regulatory Cooperation

The China Securities Regulatory Commission and Omani authorities have signed an MOU to enhance bilateral regulatory cooperation in securities and futures. The pact creates mechanisms for cross-border regulatory information exchange and enforcement cooperation. Signed in Beijing, the agreement brings the CSRC's bilateral regulatory MOUs to 68 jurisdictions.

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