Digest July – August 2026
Dear Colleagues,
We are pleased to present the latest issue of our monthly digest of tax and legal news from the GCC, covering the most significant developments across the region in July and August 2026.
In the UAE, the Federal Tax Authority set registration, deregistration and notification deadlines under the Pillar Two Top-up Tax regime, issued a Directive prescribing the valuation method for deemed supplies of services, and published Public Clarification CTP012 on the Corporate Tax treatment of Additional Tier 1 instruments. The Ministry of Finance extended Small Business Relief through 2029, while a new minimum excise price for liquids used in electronic smoking devices applies from 1 September 2026.
Saudi Arabia continued implementing the regulatory framework for its Special Economic Zones through detailed tax and customs guidance. Oman amended the Executive Regulation of its Income Tax Law in relation to certain deductible expenses and introduced mandatory electronic tax invoicing from 2027. Qatar launched its Pillar Two registration service and published registration and compliance guidance. Bahrain published updated versions of its VAT General Guide and VAT Financial Services Guide, covering the description of supplies on VAT invoices, the Capital Assets Scheme and the VAT liability of reinsurance contracts.
Full analysis is available at the link below: