As we step into the New Year, we are excited to share the first tax digest of 2025. This edition highlights the most significant updates in UAE and international tax legislation that closed out 2024 and sets the stage for the year ahead.
We are also introducing a new feature in our digest – thematic highlights of the month. Each month, we will focus on a specific tax-related topic, providing insights, expert commentary, and practical solutions.
This month’s theme is Transfer Pricing (TP).
Here’s a preview of the tax updates covered in this issue:
- VAT updates: New public clarifications on cryptocurrency mining and the expanded scope of the Reverse Charge Mechanism (RCM).
- Tax procedures: Simplified guidelines for correcting errors and enhancements to the whistleblower program for tax violations.
- International developments: Progress on the double tax treaty negotiations with Russia and key updates on Pillar 2 implementation across the GCC.
We will share our expertise, relevant articles, and expert opinions on navigating TP compliance and its implications for businesses operating in the UAE and GCC.
Here’s a preview of the tax updates covered in this issue:
Happy reading, and may 2025 bring growth, success, and new opportunities for you and your business!
The full version if the digest is available for download in both English and Russian, ensuring accessibility for our diverse readership.