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Eversheds Sutherland has been named an Approved Certification Body under DIFC Regulation 10. The designation allows the firm's Konexo arm to conduct AI readiness audits and issue compliance certifications in the free zone.
The UAE Cabinet has issued Cabinet Decision No. 149 of 2026, introducing substantial amendments to the UAE VAT Executive Regulations. The revision alters the standard input tax apportionment methodology under Article 55 for partially exempt businesses to an output-based ratio. Most general changes take effect on 1 October 2026, with the apportionment methodology taking effect from the first tax year starting after 1 October 2027.
A delegation of 15 leading Chinese women entrepreneurs concluded a two-week official economic visit to the UAE, organised by the General Women's Union and the UAE Embassy in Beijing. The visiting business leaders represent firms with total declared annual revenues of approximately 4.85 billion yuan. Bilateral discussions and site visits focused on sectors including biotechnology, new energy, infrastructure, smart lighting, and investment services.
The UAE Federal Tax Authority has issued Decision No. 13 of 2026, establishing mandatory supplier verification rules for input VAT recovery. Effective 1 October 2026, taxable businesses must perform due diligence on suppliers and transactions exceeding specific thresholds. Non-compliance gives tax authorities the right to deny input VAT recovery claims.
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