Author name: Prabix

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

For business leaders, the European Sustainability Reporting Standards (ESRS) have become synonymous with complexity. The initial rollout of the Corporate Sustainability Reporting Directive (CSRD) established a perception of a vast, burdensome framework requiring exhaustive data collection across every facet of an organization and its value chain. The prospect has been, to put it mildly, daunting.

Disclosures for Eligible Subsidiaries & Timing of Issuing Amendments (Based on IASB Agenda Papers 5C & 5D) Issued by: Prabix Accounting & AdvisoryDate: November 2025 1. Overview The International Accounting Standards Board (IASB) continues to refine its work on the Financial Instruments with Characteristics of Equity (FICE) project. Two recent papers from the June 2025

Setting up a company in the UAE has become a strategic choice for global entrepreneurs. Among the options, the Abu Dhabi Global Market (ADGM) stands out as a modern, internationally-oriented free-zone and financial centre. In this blog we explore why one might choose ADGM, how the formation process works, what the costs look like, and

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

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

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