Tax Reform in Cyprus
On 22 December 2025, the House of Representatives of the Republic of Cyprus enacted a landmark legislative package for comprehensive tax reform. These amendments encompass corporate and personal income tax, […]
News
UAE Joins CRS 2.0 Automatic Exchange of Information
In August 2025, the Ministry of Finance of the United Arab Emirates signed the Addendum to the Multilateral Competent Authority Agreement (MCAA) on the Automatic Exchange of Financial Account Information.
Amendments to the UAE Tax Procedures Law
On 25 November 2025, amendments to the Federal Decree-Law No. 28 of 2022 on Tax Procedures were published in the UAE (the “Law”). These amendments set forth in Federal Decree-Law
UAE: Important Amendments to the Companies Law
On 1 October 2025, the President of the United Arab Emirates signed Federal Decree-Law No. 20 of 2025, which introduces amendments to the current Federal Decree-Law No. 32 of 2021
Implementation of the Electronic Invoicing System in the UAE
On 29 September 2025, the UAE Ministry of Finance published two decisions regarding the implementation of the Electronic Invoicing System for business transactions. All VAT-registered businesses must transition to e-invoicing
IFZA Requires Submission of Financial Statements for License Renewal
As from 30 September 2025, all companies within IFZA (International Free Zone Authority) — one of the most popular free zones in Dubai, UAE — will be required to submit
UAE Free Zone Companies: Zero-Tax Activities Clarified
On 28 August 2025, a new Ministerial Decision was enacted in the UAE, clarifying the list of qualifying activities for corporate tax purposes. Free zone companies that earn income from
Identity Verification: New Requirements for UK Company Directors and Beneficial Owners
As of 18 November 2025, identity verification for company directors and persons with significant control (beneficial owners) becomes mandatory in the United Kingdom. This requirement applies to both newly formed
Reporting for BVI Companies in 2025: Key Deadlines
In 2025, British Virgin Islands (BVI) companies are required to file two types of reports: the Annual Financial Return and the Economic Substance Report. To help you stay compliant, we
One Freezone Passport: Dubai’s New Business Initiative
On 22 July 2025, the Dubai Free Zones Council (DFZC) announced the first company to benefit from the One Freezone Passport program. This initiative streamlines business operations by enabling companies