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Finanshels has introduced Hala Tax, an AI-powered tax advisor designed for small businesses and freelancers in the UAE. The tool provides guidance on Corporate Tax, VAT, and Small Business Relief based on UAE legislation and Federal Tax Authority updates. Accessible via web and WhatsApp, it generates personalized compliance summaries and provides access to professional review.
DMCC Executive Chairman Ahmed Bin Sulayem stated that fertiliser components such as potash, phosphate rock, and sulphur must be treated as critical minerals for food security. Writing in Gulf News, he highlighted Dubai's trading infrastructure and proposed applying the Dubai Critical Minerals Standard to fertiliser inputs. The UAE remains the world's leading exporter of sulphur, with exports previously projected to reach 11.4 million tonnes annually by 2029.
The UAE has issued Ministerial Decision No. 133 of 2026, establishing procedural filing rules for the Pillar Two Information Return under its Domestic Minimum Top-up Tax regime. The requirements apply to multinational groups with annual consolidated revenues of at least 750 million euros, covering fiscal years starting on or after 1 January 2025. In-scope entities must submit returns within 15 months following the fiscal year-end, with provisions allowing local centralised filings or exemptions tied to international exchange agreements.
The Economic Partnership Agreement between the UAE and the Eurasian Economic Union officially took effect on 6 October 2026. The pact eliminates or lowers tariffs on over 86 percent of tariff lines, covering about 96 percent of traded goods value. Non-oil bilateral trade reached $33.6 billion in 2025 and is projected to reach nearly $50 billion by 2032.
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