Real Law Digest for the first half of November.

Latest legal updates, business news and new documents in the Real Law service.

Changes in UAE legislation

New legislation entered into force

Amendments to the Executive Order on VAT came into force on November 15,  2024.

A consolidated version is available for you - Cabinet Decision No. 52 of 2017 ‘On the Executive Decree of Federal Decree-Law No. 8 of 2017 on Value Added Tax’

Know more about:

1. New categories exempted from VAT.
2. Simplified documentation requirements for exporters.
3. Clarified rules regarding the tax year for taxpayers.
4. Strengthened controls on VAT compliance.

Read more in our article.

Important guides from the FTA

1. The Tax Returns guide provides advice on completing and filing returns for corporation tax. As a reminder, the penalty for filing an incorrect tax return is AED 500. More details on which sections of the return are described in the Guidelines.

2. The Public Clarification Tax Assessment Revisions clarifies when a taxpayer may request a tax assessment revision (tax base revision) and recalculation of the related administrative penalties. Examples of when a taxpayer may file a request.

3. Pub...