Author name: Prabix

The United Kingdom recently finalized its Sustainability Reporting Standards, which aim to create a uniform framework for how businesses disclose environmental and climate-related financial data. These regulations closely follow international benchmarks but introduce specific flexibilities regarding reporting timelines, particularly for complex value chain emissions and general sustainability risks. While the government currently promotes these standards for voluntary adoption, they […]

With the introduction of Corporate Tax in the United Arab Emirates under Federal Tax Authority regulations, financial reporting and transaction structuring have taken on a new level of importance. One area that has moved from being a “technical accounting exercise” to a strategic tax and valuation matter is Purchase Price Allocation (PPA). If your company

A Comprehensive Guide for Finance Leaders The financial reporting landscape is undergoing a significant transformation with the issuance of IFRS 18 – Presentation and Disclosure in Financial Statements by the International Accounting Standards Board. IFRS 18 replaces IAS 1 and introduces structured changes to how financial performance is presented, how subtotals are defined, and how

What Businesses Must Know to Stay Compliant The UAE tax landscape continues to evolve. Effective 1 January 2026, significant amendments to the VAT Law and the Tax Procedures Law have come into force, reshaping compliance, documentation, refund timelines, and penalty structures. For businesses operating in the UAE, these reforms are not minor technical changes —

Discover the latest sustainability reporting trends shaping 2026 — from global adoption of reporting standards and AI’s role in ESG data, to mandatory disclosures and UAE sustainability priorities. Stay ahead in transparency and compliance. Introduction Sustainability reporting is no longer optional — it’s now at the core of corporate transparency, investor trust and regulatory compliance.

The United Arab Emirates (UAE) is home to a large expatriate population, many of whom own assets, have families, and maintain long-term residency in the country. However, estate planning is often overlooked, leading to serious legal and financial complications for surviving family members. This guide provides a clear, practical, and comprehensive overview of how wills

Abu Dhabi Global Market (ADGM) has established itself as one of the most robust and internationally aligned financial free zones in the world. Built on English common law and globally recognised regulatory standards, ADGM places strong emphasis on financial transparency, governance, and reporting discipline. For entities operating or planning to operate within ADGM, understanding the

With the UAE Corporate Tax regime now fully operational, 2026 represents a shift from implementation to enforcement. Authorities are increasingly focused on quality of financial reporting, transfer pricing, and documentation. Key Corporate Tax Developments 1. Audited Financial Statements Many entities are now required to submit audited financial statements as part of their corporate tax filings,

Introduction The UAE has implemented comprehensive amendments to its Value Added Tax (VAT) law effective 1 January 2026, representing a major evolution in the country’s indirect tax framework. These changes aim to enhance compliance efficiency, close revenue leakage, and align the UAE VAT regime with global best practices. For businesses operating in the UAE, these

How Prabix Helps Organizations Choose, Implement, and Scale AI Across Group Operations Artificial Intelligence is no longer a future ambition, it is a present-day necessity. Yet despite heavy investments, many companies struggle to translate AI potential into real business value. The challenge is not whether to use AI, but how to choose the right AI