Global SWF data reveals sovereign wealth funds invested $14.2 billion into China and Hong Kong in early 2026, led by UAE entities. Separately, the UAE Cabinet issued Decision No. 149 of 2026 revising VAT input tax apportionment rules.
The UAE Federal Tax Authority and Planet Tax Free have implemented a fully digital VAT refund system for departing travelers. The new framework cuts processing times from nine days to one business day for refunds up to Dh35,000.
The UAE Federal Tax Authority held an outreach session with business owners and taxpayers in Dubai to discuss tax system developments and compliance efficiency. The consultation supports the third cycle of the Zero Government Bureaucracy Programme to simplify corporate tax and VAT workflows. Discussions also covered operational challenges and the advisory role of licensed Emirati Tax Agents.
The UAE Federal Tax Authority held an open consultation session at Al Barsha Majlis in Dubai to engage with taxpayers and business owners. Led by Director-General Abdulaziz Al Mulla, the session gathered feedback for the Zero Government Bureaucracy Programme. Discussions centered on simplifying compliance procedures and resolving practical tax administration challenges.
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