GCC Tax & Regulatory Communique February 2025 presents the regulatory updates across UAE, Saudi Arabia, and international tax developments, throughout the course of the month of February.
Regulatory and Corporate Tax Updates in UAE
The Regulatory and Corporate Tax updates in UAE include
- The UAE Ministry of Finance issued a public consultation document on the UAE E-Invoicing framework on the 6th of February 2025.
- On the same day, the UAE MoF released the legislation introducing a Domestic Minimum Top-up Tax (DMTT) for Multinational Enterprises (MNEs), through the publication of Cabinet Decision No. 142 of 2024.
- Other regulatory updates were also introduced with the Cabinet Decision No. 142 on Global Minimum Tax.
- The FTA updated the Corporate Tax Return format.
- Sharjah introduced 20% Corporate Tax on Natural Resources Companies
- UAE Federal Tax Authority (FTA) issued Decision No. 1 of 2025 to clarify the circumstances under which it may grant an extension for submitting a tax assessment review or reconsideration request.
Regulatory and Corporate Tax updates in KSA
The regulatory updates in Saudi Arabia include:
- Deadline Extension for Election Submission under Ministerial Resolution No. 947 ,/font>
- The Zakat, Tax, and Customs Authority (ZATCA) of the Kingdom of Saudi Arabia (KSA) has introduced Advance Pricing Agreements (APAs) to enhance tax certainty and simplify compliance for businesses engaged in controlled transactions.
International Tax Updates
International Tax Updates Include:
- France Publishes the New Declaration Form for CbCR and Pillar Two Notification
- On 17th February 2025, Russia and the United Arab Emirates have signed an agreement to avoid double taxation of income and capital and prevent tax evasion.
Summary of the Newsletter “GCC Tax & Regulatory Communique February 2025”
The key to consistent success and stability is to understand the changing market and regulatory scenarios within your economy. Whether you’re managing operations in the UAE, KSA, or dealing with international geographies, keeping up with regulatory changes ensures growth and stability. To dive deeper into the latest tax and regulatory trends in the GCC region, read our newsletter. Stay informed, stay compliant, and drive success in your business.
