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Finance & Investment

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Policy & Legal Updates
Source: Consultancy-me.com

UAE Mandates Supplier and Transaction Due Diligence for VAT Input Tax Recovery

The UAE Federal Tax Authority has issued Decision No. 13 of 2026, establishing mandatory supplier verification rules under Article 54(bis) of the UAE VAT Law. Taxable businesses must verify supplier identities, licenses, signatories, and premises before claiming input tax deductions. The FTA may disallow deductions if transactions are tied to tax evasion under a 'knew or should have known' standard.

Industry News
Source: Menafn

UAE Captures $52.6 Billion in First-Half M&A Deals, Dominating GCC Activity

The UAE accounted for 80.9 percent of disclosed GCC M&A deal value in the first half of 2026, reaching $52.6 billion across 131 transactions, according to Apolonia Capital. While total regional deal count fell 18 percent, overall value rose 12 percent to $65.1 billion. In parallel, UAE audit firms Evas Constantin and Mac & Ross announced a merger into CPAC IMEA amid expanding corporate tax and compliance requirements.

Industry News
Source: Zawya

Mashreq Reports Record Nine-Month Pre-Tax Profit of AED 7.3 Billion

Mashreq Bank PSC reported an 18% year-on-year increase in profit before tax to AED 7.3 billion for the nine months ended 30 September 2026. Operating income rose 11% to AED 10.4 billion, while total assets expanded to AED 405.6 billion. Customer lending grew 33% year-on-year, and the non-performing loan ratio improved to 0.7%.

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