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UAE 2025 Tax Reforms & ESG Imperatives: What Businesses Must Do Now
Introduction The UAE’s business environment is entering a new era of heightened scrutiny and regulation. On one hand, sweeping tax reforms are reshaping corporate compliance, and on the other hand, ESG (Environmental, Social, Governance) reporting is no longer optional, it’s rapidly becoming a competitive necessity. For businesses, accountants, and valuation professionals, this is a moment of both challenge and opportunity. In this blog post, we explore the latest changes in UAE tax law, the rising role of ESG in accounting
Briefing on the IFRS for SMEs Accounting Standard (Third Edition)
This briefing document provides a comprehensive synthesis of the third edition of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs Accounting Standard), issued by the International Accounting Standards Board (IASB) in February 2025. The standard is designed for entities without public accountability and is based on full IFRS Accounting Standards, modified to address the specific needs of SMEs and cost-benefit considerations. The third edition introduces significant updates, aligning key areas with full IFRS standards to enhance
Understanding UAE Corporate Tax & the Risks of Non-Compliance
What Is UAE Corporate Tax? (Brief Recap) Because the regime is relatively new, many businesses are still adapting to the compliance landscape. Missing deadlines can carry serious consequences. The Scenario: Missed the September 30, 2025 Deadline — What Now? Suppose your company’s tax year ended on 31 December 2024, and the 9-month deadline to file (and pay) would thus fall around 30 September 2025 (which is consistent with FTA’s reminder). Here’s what typically unfolds when a taxable person does not