Asad Omar

Corporate finance in the GCC isn’t what it used to be. Tax and regulatory reforms are rewriting the rules and influencing everything from reporting to growth planning. In this podcast with Nivetha Dayanand from Finance Middle East, I discuss how the transformation is unfolding. Happy to chat more on this: https://lnkd.in/dGJQ5zXr

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UAE Free Zone Regime Updated Again The Ministry of Finance has issued Ministerial Decision No. 229 of 2025, replacing MD 265 of 2023, with effect retroactively from 1 June 2023. The key taxpayer-impacting changes are: 1. Treasury & Financing – Expanded to cover own-account activities (not just related parties). This changes how treasury centres in Free Zones may structure their operations. 2. Commodity Trading – Now requires Recognised Price Reporting Agencies (PRAs) and disqualifies companies where distribution/logistics/inventory revenue ≥ 51% of total. Many businesses will need to reassess eligibility for the 0% Free Zone regime. 3. Distribution in Designated Zones – Supplies restricted to resellers, processors, or public benefit entities. Narrower scope = higher compliance burden. Open question: What is the impact on taxpayers who have already filed returns under MD 265? And how should those filing now apply MD 229 with retroactive effect? I’ve prepared a detailed comparative analysis of MD 229 vs MD 265, article-by-article, with practical implications. Comment below to access the full comparative report. CA Sanjay Agarwal | CA Neha Agarwal | CA Vishal Thappa Praneeth Narahari | Anand Vemuganti GTPN – Global Transfer Pricing Network #tax #tp #india #dubai #icai #ca

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Corporate tax implementation in the UAE brought into force clearer financial records, standardized reporting, and stronger compliance frameworks which transcend into banks and financial institutions having better visibility into the performance and creditworthiness of Small & Medium Enterprises (#SMEs) in the UAE. As the business landscape in the UAE inches closer towards the September 30th corporate tax deadline, my latest article published in Gulf News special feature on ‘Top #Auditing & #Taxation Firms in the UAE’ is a humble attempt to turn the spotlight on the overlooked ‘S’ in the SME realm – #SmallEnterprises - and their dynamics regarding access to finance.    The article unlocks key measures that can help in defining the roadmap for SME financing, especially small enterprises.    1. Clear tiering of the SME sector in UAE 2. Defined share of mandatory lending from banks 3. Tiered pricing models 4. Credit guarantee schemes 5. Alternative financing 6. Supply Chain Finance   For the SME sector — the nerve centre of the UAE's economy - tax transparency is more than a regulatory milestone. It is a catalyst for growth, innovation, and resilience. The ripple effects of tax transparency can prove to be a gamechanger for the UAE SMEs as credibility in numbers wield the power to amplify investment and scale funding.    Click the below link to read the article in Gulf News: https://lnkd.in/d7taa2nb #uhyjames #uhyinternational #SMEsector #uaebusiness #accesstofinance

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