Regulatory updates
New rules, circulars, consultations and notices from UAE regulators, each summarised with who is affected and what to do. Collected by Arakan Lexara from the regulators' own websites.
Arakan Lexara Weekly
The week's changes, what they mean and the deadlines ahead. Every Monday, free.
This clarification addresses the application of the reverse charge mechanism on metal scrap trading among VAT registrants in the UAE. It is important for businesses involved in such trading to comply with VAT regulations.
This public clarification provides guidance on the tax treatment of free zones and designated zones within the UAE, clarifying their status for VAT purposes. It is crucial for businesses operating in these zones to understand their tax obligations.
Updates are found automatically on regulators' websites and summarised by AI. Check the official source before relying on any item.
Past weekly briefingsThe DFSA has issued a waiver and modification notice to Evolution Markets Limited (DIFC Branch), exempting them from certain rules in the AML Module and modifying specific rules in the GEN Module. This notice is significant as it alters compliance obligations related to the residency of certain authorized individuals and the roles of the Money Laundering Reporting Officer and Compliance Officer.