Kamal Abdel Gelil

🚨 𝐔𝐀𝐄 𝐓𝐑𝐂 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐅𝐞𝐞𝐬 : 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐔𝐩𝐝𝐚𝐭𝐞 𝐘𝐨𝐮 𝐂𝐚𝐧’𝐭 𝐌𝐢𝐬𝐬! 🚨 The 𝗧𝗮𝘅 𝗥𝗲𝘀𝗶𝗱𝗲𝗻𝗰𝘆 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗲 (𝗧𝗥𝗖) remains one of the most powerful tools for UAE tax residents to access the benefits of 𝗗𝗼𝘂𝗯𝗹��� 𝗧𝗮𝘅𝗮𝘁𝗶𝗼𝗻 𝗔𝘃𝗼𝗶𝗱𝗮𝗻𝗰𝗲 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁𝘀 (𝗗𝗧𝗔𝗔). But from 𝟯𝗿𝗱 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟱, the rules have changed: 🔶  𝗢𝗹𝗱 𝗣𝗿𝗼𝗰𝗲𝘀𝘀 (𝗕𝗲𝗳𝗼𝗿𝗲 𝟯 𝗢𝗰𝘁 𝟮𝟬𝟮𝟱): ➡️ Pay AED 50 → Application reviewed ➡️ Pay final fee only if eligible ➡️ Rejected? You only lost AED 50 🔷  𝗡𝗲𝘄 𝗥𝘂𝗹𝗲 (𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝟯 𝗢𝗰𝘁 𝟮𝟬𝟮𝟱): ➡️ 𝗙𝘂𝗹𝗹 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝘂𝗽𝗳𝗿𝗼𝗻𝘁 (initial + final fee) ➡️ 𝗡𝗼 𝗿𝗲𝗳𝘂𝗻𝗱 𝗶𝗳 𝗿𝗲𝗷𝗲𝗰𝘁𝗲𝗱 : the full amount is forfeited 👉 While the total fee hasn’t increased, 𝘁𝗵𝗲 𝗿𝗶𝘀𝗸 𝗵𝗮𝘀 𝘀𝗵𝗶𝗳𝘁𝗲𝗱 𝗳𝘂𝗹𝗹𝘆 𝘁𝗼 𝘁𝗵𝗲 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝗻𝘁. 💡 𝐖𝐡𝐚𝐭 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐧𝐭𝐬 𝐌𝐮𝐬𝐭 𝐃𝐨 : 1️⃣ Double-check your eligibility before applying. 2️⃣ Ensure all documents are accurate and complete. 3️⃣ 𝗦𝗲𝗲𝗸 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹 𝗴𝘂𝗶𝗱𝗮𝗻𝗰𝗲, one mistake can cost you the full fee. ⚠ 𝐖𝐡𝐲 𝐓𝐡𝐢𝐬 𝐌𝐚𝐭𝐭𝐞𝐫𝐬 This signals 𝗮 𝘀𝘁𝗿𝗶𝗰𝘁𝗲𝗿 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝗯𝘆 𝘁𝗵𝗲 Federal Tax Authority (#𝗙𝗧𝗔). Businesses and individuals must now prepare thoroughly before filing for a TRC. ✅ The TRC still offers unmatched value for 𝗰𝗿𝗼𝘀𝘀-𝗯𝗼𝗿𝗱𝗲𝗿 𝘁𝗮𝘅 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴. But now, it’s simple: 𝗮𝗽𝗽𝗹𝘆 𝘀𝗺𝗮𝗿𝘁 𝗼𝗿 𝗽𝗮𝘆 𝘁𝗵𝗲 𝗽𝗿𝗶𝗰𝗲. 📌 At SB Finance & Business Advisory, we guide clients through UAE tax compliance, TRC applications, and international tax planning, ensuring you avoid costly mistakes. ✉️ Reach out today to safeguard your tax strategy. #UAE #Tax #CorporateTax #TRC #BusinessAdvisory #SBAdvisory #ConnectingPeople #CreatingValue

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VATupdate Newsletter – Week 19 / 2026 This week saw several material VAT and e‑invoicing developments that tax and finance teams should not overlook: 🔹 UAE extended the deadline for appointing Accredited Service Providers under its upcoming e‑Invoicing framework – a clear signal that implementation planning is intensifying. 🔹 Norway clarified the legal and technical foundations of its mandatory e‑invoicing and digital bookkeeping regime, reinforcing Peppol as a cornerstone. 🔹 France published further operational guidance, including practical mapping of 44 standardized B2B e‑invoicing use cases to ERP billing processes. 🔹 Poland updated its JPK_VAT and KSeF guidance, with new rules impacting document types, foreign invoices, and reporting logic. 🔹 Ukraine announced VAT will apply to all international parcels, abolishing the €0 threshold and broadening the VAT base for imports. A busy week illustrating once again how VAT, data reporting and e‑invoicing reforms are accelerating globally — well beyond ViDA. 👉 Read the full Week 19 newsletter & listen to the podcast here: https://lnkd.in/eMHZ4_rb #VATupdate #VAT #IndirectTax #EInvoicing #EReporting #ViDA #TaxTechnology #FinanceTransformation

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From a technical accounting and systems perspective, PINT AE is the most significant change to invoice processing in the UAE since VAT was introduced in 2018. And unlike VAT which primarily affected how tax was calculated and reported PINT AE changes how invoices are created, structured, transmitted, and stored at the data level. Let me break down what this means for finance operations teams: The first challenge is data completeness. PINT AE requires over 50 mandatory fields per invoice, each in a specific format. In my experience reviewing ERP configurations across dozens of GCC businesses, most systems capture around 60-70% of these fields natively. The remaining 30-40% including unit codes (UN/CEFACT), per-line tax breakdowns, buyer identification numbers, and currency codes in ISO 4217 format are either stored in non-standard formats, captured in free-text fields, or not captured at all. The second challenge is data accuracy. Under the current system, an invoice with a slightly incorrect TRN format or a missing line-item tax breakdown still reaches the buyer. Under PINT AE, it does not. The FTA validation engine rejects non-compliant invoices before transmission. This means your accounts receivable team will need to clean up data quality issues that have been tolerated for years or face invoice rejections that delay cash collection. The third challenge is the digital signature requirement. Every e-invoice must be cryptographically signed by the sending ASP. This is not a visual signature or an approval stamp it is a document-level cryptographic hash that proves the invoice has not been tampered with after creation. Your ASP handles this technically, but your internal processes must ensure that no manual changes are made to invoices after they are signed, or the signature becomes invalid. The fourth challenge is credit note and debit note handling. PINT AE has specific schema requirements for credit notes they must reference the original invoice number, carry the same tax structure, and follow the same validation rules. Businesses that issue credit notes manually or outside the ERP will need to redesign this workflow entirely. The readiness gap between where most UAE businesses are today and where PINT AE requires them to be is larger than most CFOs realise. The earlier you start the mapping exercise, the more manageable the transition becomes. #EInvoicing #PINTAE #UAE #FinanceOperations #ERP #DataQuality #PIPartners

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The UAE Cabinet introduces Decision No. 153/2025: suppliers no longer charge VAT on scrap metal if conditions are met – the recipient accounts for VAT instead. When it applies: ♻ Scrap metal is for recycling, repair, or manufacturing 📝 Both parties are VAT-registered ✍ Prior written approvals exist & noted on the invoice ⚠️ If not, standard VAT rules apply. ⏰ Effective 60 days after publication. A clear step to simplify VAT compliance and boost transparency in the scrap metal market! #VAT #UAE #ReverseCharge #Finance #Business #TaxUpdate

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78% of UAE companies will fail an FTA audit in 2026 — here’s why (and how to avoid being one of them). 1️⃣ Weak internal controls 2️⃣ VAT reconciliation not matching books 3️⃣ Missing or incorrect tax documentation 4️⃣ No Transfer Pricing documentation 5️⃣ Wrong corporate tax calculations 6️⃣ No proper digital audit trail 7️⃣ Free Zone entities not meeting substance requirements 8️⃣ Payroll records not matching WPS and provisions 9️⃣ Poor record retention (less than 5–7 years) 🔟 Late, incorrect, or inconsistent filings #UAE #UAE #BusinessSupport #TaxConsulting #VAT #CorporateTax #FTA #Busines

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📊 Understanding VAT in Saudi Arabia – Key Insights for Businesses VAT is an indirect consumption tax currently applied at 15% on most goods and services across the Kingdom. Businesses registered with ZATCA collect VAT from customers and remit it to the government after adjusting eligible input tax credits. 🔎 Key VAT Highlights in KSA ✔ Standard Rate – 15% Applied to most goods and services such as electronics, vehicles, restaurants, and commercial services. ✔ Zero-Rated Supplies – 0% Includes exports, international transportation, and certain essential goods. Businesses can still claim input VAT credits. ✔ VAT-Exempt Supplies Some financial services, residential real estate leases, and specific healthcare services are not subject to VAT, and input tax cannot be claimed. 📌 Registration Threshold Businesses must register for VAT if their annual taxable turnover exceeds SAR 375,000. Voluntary registration is allowed once turnover exceeds SAR 187,500. 📅 VAT Filing Requirements • Monthly Filing: Businesses with turnover above SAR 40 million • Quarterly Filing: Businesses with turnover below SAR 40 million 💡 Basic VAT Calculation Output VAT (Sales) – Input VAT (Purchases) = Net VAT Payable to ZATCA 📑 Why Proper VAT Compliance Matters • Avoid penalties and non-compliance risks • Maintain accurate financial reporting • Improve transparency and governance • Support strategic financial decision-making For finance professionals, CFOs, and business leaders, strong VAT management is essential for financial control and regulatory compliance in Saudi Arabia. 📈 As finance professionals, we should continuously educate businesses, improve tax compliance, and strengthen financial governance in the Kingdom. 🤝 Let’s connect and share insights in finance & taxation. #SaudiVAT #ZATCA #SaudiArabia #VATCompliance #Taxation #FinanceLeadership #CFO #CEO #FinanceManagers #AccountingProfessionals #ManagementAccounting #FinancialReporting #CorporateFinance #KSA #FinanceCommunity #TaxCompliance #BusinessLeadership #FinanceExperts #ICMAP #CMA #ACCA #CA #CPA

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Corporate charges and intercompany cross-charges continue to remain a key focus area during tax audits in Oman. Businesses must carefully assess both VAT implications and income tax deductibility to avoid potential disallowances and penalties. Strong documentation and well-structured intercompany arrangements are no longer optional - they are essential. Need guidance? We’re here to help. Connect with us to stay compliant and prepared. #SundayTaxAlert #OmanTax #VAT #IncomeTax #TransferPricing #TaxCompliance #BusinessOman #TaxAdvisory #CroweOman

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How one Omani SME turned a looming tax penalty into a growth opportunity A mid-sized company came to us in panic. They had missed key compliance deadlines and were facing heavy penalties. 𝗛𝗲𝗿𝗲’𝘀 𝘄𝗵𝗮𝘁 𝘄𝗲 𝗱𝗶𝗱: 1️⃣ Conducted a full Tax health check. 2️⃣ Streamlined their documentation and filing processes. 3️⃣ Created a year-round compliance calendar. 𝗥𝗲𝘀𝘂𝗹𝘁: ✅ Avoided penalties. ✅ Passed their next Tax with zero major findings. ✅ Freed up their CFO to focus on strategy, not chasing paperwork. 𝗟𝗲𝘀𝘀𝗼𝗻: Compliance isn’t just about avoiding fines, it's about building a foundation that supports growth. If your audit or tax season feels like a scramble, we should talk.

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The UAE is taking a major step forward in tax digitalization with the introduction of e-invoicing. This marks a significant transformation in how businesses manage invoicing, compliance, and reporting. The move toward structured electronic invoicing aligns with the UAE’s broader vision of enhancing transparency, reducing tax gaps, and improving efficiency in business transactions. With the Federal Tax Authority (FTA) driving this initiative, companies will need to adapt their systems, processes, and internal controls to ensure compliance. For finance and accounting professionals, this is more than just a regulatory requirement — it’s an opportunity to modernize operations. E-invoicing will streamline workflows, minimize errors, improve audit trails, and enhance real-time reporting capabilities. Businesses should begin preparing by: ☘️ Assessing current ERP and accounting systems ☘️ Reviewing VAT compliance processes ☘️ Engaging technology providers for integration solutions ☘️ Training finance teams on the upcoming framework Early preparation will not only ensure compliance but also provide a competitive advantage in operational efficiency. The future of tax compliance in the UAE is digital — and the time to prepare is now. #UAE #eInvoicing #TaxCompliance #DigitalTransformation #Finance #VAT #Accounting

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📊 CFO Masterclass: VAT Governance & Indirect Tax Risk Management VAT is one of the highest‑risk areas in global finance, driving penalties, audits, and cash‑flow exposure. Under OECD standards and the amended UAE VAT Law (Federal Decree‑Law No. 16 of 2025, effective 2026), finance leaders must ensure accuracy, documentation, and compliance across complex, multi‑jurisdictional operations. Strong VAT governance protects cash, reduces risk, and builds regulatory trust. 🔍 Finance’s Role in VAT Governance • Transaction Accuracy: Correct tax codes, updated place‑of‑supply rules, and exemptions. • Documentation: Audit‑ready invoices, import/export evidence, and RCM support aligned with 2026 FTA requirements. • Cross‑Border Compliance: Apply updated rules for digital and electronically supplied services and non‑resident suppliers. • Automation & Controls: System validations, rule‑based tax engines, and exception reporting. • Refund & Recovery: Strengthen reconciliations and accelerate reclaim processes. • 5‑Year Refund Limitation: Monitor the new statute of limitations to avoid forfeiting old VAT credits. • Transitional Credits: Review 2018–2020 VAT credits expiring on 31 December 2026 unless addressed under Article 54(bis). • Voluntary Disclosures: Use VDs to correct historical errors and secure transitional credit recovery. • Input VAT Apportionment: Apply FTA approved methods for mixed‑use costs with annual recalculations. • Bad Debt Relief: Apply updated rules ensuring debts meet aging, write‑off, and documentation requirements. • Reverse Charge: Apply updated 2026 RCM rules with correct self‑assessment and timely recognition. 💡 Real World Impact (Statement → Cause → Fix) • VAT penalties from incorrect coding →Cause: Manual tax determination. →Fix: Automated tax engines with rule‑based validations. • Delayed VAT refunds →Cause: Weak documentation and reconciliations. →Fix: Standardized evidence packs and monthly reconciliations. • Cross‑border VAT disputes →Cause: Misinterpreted place‑of‑supply rules. →Fix: VAT decision matrix and targeted training. • Input VAT audit findings →Cause: Missing invoices and weak controls. →Fix: Digital archiving and approval workflows. • Overclaimed VAT on shared costs →Cause: No apportionment for mixed‑use expenses. →Fix: Documented apportionment method and annual review. • Missed VAT on bad debts →Cause: No process to identify eligible bad debts. →Fix: Monthly aging reviews and automated flags. • Expired VAT credits →Cause: No monitoring of the 5‑year limit. →Fix: VAT‑credit aging reports and alerts for expiring balances. • Loss of 2018–2020 credits →Cause: No action under Article 54(bis). →Fix: Filed targeted VDs and reconciled historical periods. 🧠 Takeaway: VAT governance is a daily discipline, not an annual compliance exercise. 👉 How is your Finance team strengthening VAT accuracy and control? #CFO #VAT #IndirectTax #Compliance #DubaiBusiness

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In the GCC, financial reporting isn't just about balance sheets. It’s about getting every detail right. At Collins Advisory Group, we turn complex IFRS and Saudi regulatory requirements into clear, compliant financial statements that actually work for your business. Less stress, more confidence. Because when your numbers are solid, your decisions are too. #CollinsAdvisory #FinancialCompliance #IFRS #SaudiRegulations #GCCBusiness #FinancialReporting #BusinessGrowth #SmartFinance #CorporateSuccess #AdvisoryServices

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Learn more on the VAT Executive Regulations for the zero-rating of exported goods in the UAE, including key conditions, required evidence, and defined timeframes. For more information please visit www.tax.gov.ae #TaxLegislations #UAE #Federal_Tax_Authority #UAETAX #UAETAXES

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📊 CFO Masterclass: Tax Control Framework Maturity Levels; From Compliance to Strategy A Tax Control Framework (TCF) becomes truly valuable only when it evolves from a compliance document into a strategic decision engine. With the UAE’s 2026 Tax Procedures Law, e‑invoicing mandate, Corporate Tax, Transfer Pricing, ESR, and Pillar Two, Finance leaders must understand where their TCF sits on the maturity curve and what it takes to reach strategic impact. 🔍 The Four Levels of TCF Maturity Level 1: Reactive Compliance (Basic Control) • Manual tax coding and spreadsheet reconciliations • Errors discovered post‑transaction • No tax involvement in commercial decisions • Documentation inconsistent across entities. This level protects against penalties but offers no strategic value. Level 2: Controlled & Documented (Governance Layer) • Policies, RACI, and minimum control standards • Evidence packs aligned with FTA/OECD expectations • Periodic internal audit testing • Basic monitoring of VAT/CT/TP risks. • Board‑approved Tax Risk Appetite defining acceptable risk thresholds and escalation rules. This is where most organizations stop, but it’s only the foundation. Level 3: Integrated & Predictive (Decision‑Support Layer) • Tax embedded in business cases and Deal Desk workflows • Pre‑transaction modeling for market entry, restructuring, pricing, and supplier contracts • Automated tax‑code validation in ERP (“Tax by Design”) • Monthly TP margin monitoring and PE risk alerts • After‑tax IRR and ETR volatility included in capital allocation. This is where tax becomes a decision variable, not a post‑audit correction. Level 4: Strategic & Real‑Time (Digital TCF) • Real‑time VAT/CT analytics from e‑invoicing data • Cloud‑based tax engines consolidating global data for Pillar Two • Continuous monitoring and exception reporting • Supplier integrity checks (Art. 54‑bis “Constructive Knowledge”) automated in onboarding • Board dashboards linking tax risk to cash flow, liquidity, and valuation. At this level, the TCF becomes a strategic multiplier for governance, resilience, and growth. 💡 Real‑World Impact (Statement → Cause → Fix) • Missed tax risks in supplier contracts → Cause: No pre‑transaction tax review. → Fix: Added mandatory tax modeling in procurement workflow. Result: avoided VAT/WHT leakage. • Expansion delays due to PE exposure → Cause: HR/Sales hiring before tax assessment. → Fix: Introduced “Strategic Presence Register” requiring pre‑hire tax sign‑off. • Cash flow volatility from VAT misclassification → Cause: Manual tax coding and inconsistent place‑of‑supply logic. → Fix: Automated tax‑code validation at PO creation. 🧠 Takeaway: A mature TCF doesn’t just protect the business; it shapes decisions, strengthens governance, and builds financial resilience. 👉 Where would you place your organization on the TCF maturity curve? #TaxControlFramework #Governance #CorporateTax #VAT #PillarTwo #DigitalTransformation #DubaiBusiness

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