The UAE Ministry of Finance and the Federal Tax Authority have reminded businesses generating Dh50 million or more in annual revenue to appoint an Accredited Service Provider by October 30, 2026. Non-compliant firms face monthly administrative penalties of Dh5,000. Full mandatory e-invoicing for this group will take effect on January 1, 2027, followed by smaller firms later that year.
Dubai-based Milano by Danube announced a 250 percent surge in international sales, driven by global market expansion and direct shipping from Chinese factories. The building materials and sanitaryware firm is now targeting $25 million in quarterly international business. The direct procurement strategy from China has optimized delivery cycles and logistics costs across several regional markets.
The UAE Federal Tax Authority announced that businesses with annual revenues of AED 50 million or more must appoint an Accredited Service Provider by October 30, 2026. Failure to comply incurs a recurring fine of AED 5,000 per month. Businesses below this revenue threshold must appoint a provider by March 31, 2027.
The UAE banking sector is preparing new regulations that would govern how borrowers transfer outstanding debt between lenders, potentially taking effect on January 1, 2027. According to an unnamed banking source quoted by Emarat Al Youm, the proposed rules would require borrowers to complete a minimum tenure and make a set number of instalment payments before moving their loans. The final provisions and official implementation dates remain subject to formal regulatory confirmation.
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