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Finance & Investment

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

Policy & Legal Updates
Source: Dubai Business and Tax Advisors

UAE Enacts Revisions to VAT Regime and Input Tax Recovery Rules

The UAE has introduced significant revisions to its Value Added Tax regime, primarily enacted through Cabinet Decision No. 149 of 2026. The new framework restricts input tax recovery on cash transactions exceeding an upcoming ministerial threshold and mandates supplier integrity checks under FTA Decision No. 13 of 2026. Further clarifications address employee accommodation expenses, capital assets, single composite supplies, and e-invoicing timelines.

Policy & Legal Updates
Source: Baker Tilly

UAE Enforces New VAT Input Verification Rules Under FTA Decision 13

The UAE Federal Tax Authority's Decision No. 13 of 2026 took effect on 1 October 2026, establishing mandatory procedures to verify supplies before claiming input tax deductions. Under the rules, a valid tax invoice alone is no longer sufficient to recover input VAT. Taxable businesses must carry out due diligence on suppliers to demonstrate reasonable care and prevent transactions tied to tax evasion.

Industry News
Source: The Fintech Times

Institutional Investors Expect US and China to Share AI Leadership by 2031

A survey of 100 institutional investors managing $513 billion found that 56% expect the US and China to jointly lead global AI within five years. Conducted by Pureprofile for Robocap across eight markets including the UAE and China, the report notes closing gaps in patents, research graduates, and applied robotics. All surveyed investors also projected that the UAE and Saudi Arabia will make significant progress toward becoming global AI hubs.

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