Dear Colleagues,
We are pleased to share with you the July 2025 edition of our monthly digest, highlighting the most relevant tax and regulatory updates across the UAE and broader GCC region.
This edition builds on our June issue, where we covered major UAE developments including FTA Decision No. 6 of 2025 on natural shortages of excise goods in Designated Zones, and Public Clarification CTP006 introducing the penalty waiver initiative for Corporate Tax.
What is new this month?
Our July spotlight is on the FTA’s new Guide on Private Clarifications, clarifying when requests may be denied, as well as a newly published manual on Corporate Tax payments. Across the GCC, we have also seen notable Pillar Two progress in Kuwait as well as corporate legislative updates in Oman.
Here is a preview of the updates covered in this month’s issue:
UAE
- FTA Releases Updated Private Clarification Procedures Guide
- FTA Issues Taxpayer User Manual on Corporate Tax Payments
- FTA Issues New Rules for Tax Group Financial Reporting
- New Depreciation Rules for Investment Properties Held at Fair Value under UAE CIT
- Dubai Announces One Freezone Passport for Multi-Zone Operations
- Dubai Customs Launches Flexible Implementation of 12-Digit Integrated Tariff
- FTA ‘s Webinars on Corporate Tax
Kuwait
- Kuwait’s Ministry of Finance Launches Tax Registration Portal for OECD Pillar Two Compliance
Oman
- Oman issues a Ministerial Decision No. 245/2025 and amends some provisions of the Regulation of Commercial Companies
We trust you will find this edition insightful and remain at your side as you navigate tax compliance and planning across the UAE and the GCC.
The full version if the digest is available for download in both English and Russian, ensuring accessibility for our diverse readership.
