26.01.2026 Digest December 2025 – January 2026 Welcome to our latest digest, detailing the critical tax and regulatory developments across the UAE and GCC from December 2025 through January 2026. The new year has begun with significant... 26.01.2026 OECD releases Pillar Two “Side-by-Side Package”: key updates on safe harbours and simplifications On 5 Jan 2026, the OECD/G20 Inclusive Framework released the Pillar Two “Side-by-Side Package” as Administrative Guidance to the Global Anti-Base Erosion (GloBE) Model Rules, intended to be incorporated into... 16.01.2026 Voluntary Disclosure penalties in the UAE: why “awareness” should be treated as an element of the violation UAE administrative penalties for Voluntary Disclosure (“VD”) are often applied as though they are purely “outcome-based”: if the VD is late, a monthly 1% penalty follows; if the VD is... 13.01.2026 VAT TREATMENT OF TIME CHARTERS IN UAE: TRANSPORTATION SERVICE OR SUPPLY OF A MEANS OF TRANSPORT? The UAE hosts a significant concentration of shipping and commodity trading businesses, for which charter arrangements are a standard commercial tool. As a result, the VAT treatment of such arrangements... 12.01.2026 OECD’s 2026 SBTI Safe Harbour and UAE Zero Rate Incentive The OECD’s January 2026 package on the Substance-based Tax Incentive (SBTI) Safe Harbour sits squarely in the uncomfortable intersection between two realities: Many jurisdictions use preferential regimes to attract real... 09.01.2026 VAT Profit Margin Scheme: Guide 2026, warranties, and the “selling price” boundary The Federal Tax Authority’s newly issued PMS VAT Guide No. VATGPM1 (January 2026) is notable not merely because it consolidates the Profit Margin Scheme (PMS) mechanics into a dedicated guide,... 06.01.2026 UAE FTA new APA Guide (2026): what it means for procedure, time limits, and disputes The FTA has issued a new Corporate Tax Guide on Advance Pricing Agreements (APA) No. CTGAPA1, describing the procedural framework for obtaining and maintaining APAs under the UAE Corporate Tax... 10.12.2025 The Fragile Status of Free Zone Tax Benefits Presentation It was a pleasure and an honour to speak at the Uniglobal 2nd MENA Tax Summit in Dubai. Maria Nikonova presented on “The Fragile Status of Free Zone Tax Benefits”,... 09.12.2025 Pillar Two meets CFC rules: how far DMTTs in the GCC go in recognizing CFC taxes? In the attached slides, we look at: How Covered Taxes linked to CFC inclusions are allocated back to the Constituent Entity under the GloBE Model Rules How Qatar and Kuwait... Show more Subscribe to our news and case studies: info@pgp-legal.ae
